Jump Financial LLC Sells 17,914 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• Jump Financial LLC has reduced its holdings in Automatic Data Processing, Inc. (ADP) by 64.9%, selling nearly 18,000 shares and holding 9,700 shares valued at approximately $2.96 million.
• Multiple analysts have adjusted their price targets for ADP, with Mizuho increasing its target from $321.00 to $332.00 and BMO Capital Markets setting a target of $340.00 while maintaining a "hold" rating.
• Automatic Data Processing announced a quarterly dividend of $1.54 per share, leading to an annualized payout of $6.16 and a yield of 2.0%.

Jump Financial LLC cut its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 64.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,700 shares of the business services provider's stock after selling 17,914 shares during the period. Jump Financial LLC's holdings in Automatic Data Processing were worth $2,964,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. AlphaCore Capital LLC acquired a new stake in Automatic Data Processing during the 1st quarter worth approximately $688,000. Golden State Wealth Management LLC boosted its position in Automatic Data Processing by 29.6% during the 1st quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider's stock worth $173,000 after buying an additional 129 shares during the period. GAMMA Investing LLC boosted its position in Automatic Data Processing by 13.8% during the 1st quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider's stock worth $2,901,000 after buying an additional 1,148 shares during the period. Toronto Dominion Bank boosted its position in Automatic Data Processing by 10.2% during the 4th quarter. Toronto Dominion Bank now owns 236,707 shares of the business services provider's stock worth $69,290,000 after buying an additional 21,910 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Automatic Data Processing by 8.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 250,836 shares of the business services provider's stock worth $76,638,000 after purchasing an additional 20,467 shares during the period. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Stock Down 0.0%

Shares of Automatic Data Processing stock traded down $0.05 during trading on Friday, reaching $304.05. 1,106,856 shares of the company traded hands, compared to its average volume of 1,470,698. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. Automatic Data Processing, Inc. has a 1-year low of $267.79 and a 1-year high of $329.93. The company has a 50 day moving average price of $304.77 and a 200-day moving average price of $305.52. The firm has a market capitalization of $123.15 billion, a PE ratio of 30.47, a P/E/G ratio of 2.78 and a beta of 0.81.

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

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be issued 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 dividend payout ratio is presently 61.72%.

Analysts Set New Price Targets

ADP has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Stifel Nicolaus boosted their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Royal Bank Of Canada restated a "sector perform" rating and issued a $315.00 price target on shares of Automatic Data Processing in a research report on Thursday, June 5th. UBS Group dropped their price target on shares of Automatic Data Processing from $323.00 to $315.00 and set a "neutral" rating on the stock in a research report on Friday, June 13th. Finally, TD Securities boosted their price target on shares of Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $317.00.

About Automatic Data Processing

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.