FORA Capital LLC Sells 1,573 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• FORA Capital LLC reduced its stake in Automatic Data Processing, Inc. by 8.1%, now holding 17,874 shares worth approximately $5.46 million.
• Automatic Data Processing recently posted earnings that exceeded expectations, with revenue of $5.13 billion and an EPS of $2.26, surpassing analyst estimates by $0.03.
• The company announced a quarterly dividend of $1.54 per share, with a dividend yield of 2.0%, payable on October 1st to shareholders of record.

FORA Capital LLC lessened its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 8.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,874 shares of the business services provider's stock after selling 1,573 shares during the period. FORA Capital LLC's holdings in Automatic Data Processing were worth $5,461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Caisse DE Depot ET Placement DU Quebec increased its position in Automatic Data Processing by 15.9% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 365,557 shares of the business services provider's stock valued at $111,689,000 after buying an additional 50,142 shares in the last quarter. ICONIQ Capital LLC increased its holdings in shares of Automatic Data Processing by 19.0% in the 1st quarter. ICONIQ Capital LLC now owns 2,152 shares of the business services provider's stock worth $658,000 after purchasing an additional 344 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Automatic Data Processing in the 1st quarter worth $2,243,000. Southeast Asset Advisors LLC increased its holdings in shares of Automatic Data Processing by 194.7% in the 1st quarter. Southeast Asset Advisors LLC now owns 5,298 shares of the business services provider's stock worth $1,619,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Napa Wealth Management bought a new stake in shares of Automatic Data Processing in the 1st quarter worth $515,000. Institutional investors own 80.03% of the company's stock.

Automatic Data Processing Stock Performance

NASDAQ ADP traded down $0.05 on Friday, hitting $304.05. 1,106,856 shares of the company traded hands, compared to its average volume of 1,470,698. The company has a market capitalization of $123.15 billion, a price-to-earnings ratio of 30.47, a P/E/G ratio of 2.78 and a beta of 0.81. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. The business's 50 day moving average price is $304.77 and its 200-day moving average price is $305.53. Automatic Data Processing, Inc. has a 52-week low of $267.79 and a 52-week high of $329.93.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.03. The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.Automatic Data Processing's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be given a dividend of $1.54 per share. The ex-dividend date is Friday, September 12th. This represents a $6.16 annualized dividend and a yield of 2.0%. Automatic Data Processing's payout ratio is 61.72%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. UBS Group reduced their target price on Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating for the company in a report on Friday, June 13th. Morgan Stanley lifted their target price on Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $315.00 target price on shares of Automatic Data Processing in a report on Thursday, June 5th. Mizuho raised their price target on Automatic Data Processing from $321.00 to $332.00 and gave the stock an "outperform" rating in a research note on Friday, June 13th. Finally, BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 price target on the stock in a research note on Thursday, July 10th. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $317.00.

Automatic Data Processing Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.