Automatic Data Processing, Inc. $ADP Position Lowered by Hsbc Holdings PLC

Key Points

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Hsbc Holdings PLC lessened its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,152,702 shares of the business services provider's stock after selling 35,955 shares during the quarter. Hsbc Holdings PLC owned approximately 0.28% of Automatic Data Processing worth $351,334,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. von Borstel & Associates Inc. acquired a new stake in shares of Automatic Data Processing during the 1st quarter worth $30,000. Main Street Group LTD increased its holdings in shares of Automatic Data Processing by 50.7% during the 4th quarter. Main Street Group LTD now owns 113 shares of the business services provider's stock worth $33,000 after buying an additional 38 shares during the last quarter. Y.D. More Investments Ltd acquired a new stake in shares of Automatic Data Processing during the 1st quarter worth $35,000. Abound Wealth Management increased its holdings in shares of Automatic Data Processing by 58.1% during the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider's stock worth $36,000 after buying an additional 43 shares during the last quarter. Finally, Banque de Luxembourg S.A. acquired a new stake in shares of Automatic Data Processing during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 80.03% of the company's stock.

Automatic Data Processing Stock Up 1.0%

NASDAQ:ADP traded up $3.01 on Friday, reaching $307.95. The stock had a trading volume of 1,150,918 shares, compared to its average volume of 1,571,763. 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 company has a 50-day moving average of $305.10 and a 200 day moving average of $305.63. The stock has a market cap of $124.73 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.82 and a beta of 0.81. Automatic Data Processing, Inc. has a 12-month low of $267.79 and a 12-month high of $329.93.

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

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be given a $1.54 dividend. This represents a $6.16 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, September 12th. Automatic Data Processing's dividend payout ratio is presently 61.72%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADP. Morgan Stanley upped their price objective 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. UBS Group dropped their price objective 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. Stifel Nicolaus increased their price target on Automatic Data Processing from $305.00 to $318.00 and gave the company a "hold" rating in a report on Thursday, July 31st. Dbs Bank upgraded Automatic Data Processing to a "hold" rating in a report on Thursday. Finally, BMO Capital Markets upgraded Automatic Data Processing to a "hold" rating and set a $340.00 price target for the company in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $317.00.

Automatic Data Processing Company 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.