Vident Advisory LLC Boosts Holdings in Automatic Data Processing, Inc. $ADP

Key Points

• Vident Advisory LLC has increased its position in Automatic Data Processing, Inc. (NASDAQ: ADP) by 119.6% in the first quarter, holding a total of 77,616 shares valued at approximately $23.7 million.
• Analysts have set a consensus price target for ADP stock at $317.00, with several firms providing updated ratings and price targets reflecting varied outlooks on the stock's performance.
• Automatic Data Processing has announced a quarterly dividend of $1.54 per share, resulting in an annualized dividend of $6.16 and a yield of 2.0%, payable on October 1st.

Vident Advisory LLC grew its position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 119.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 77,616 shares of the business services provider's stock after buying an additional 42,268 shares during the period. Vident Advisory LLC's holdings in Automatic Data Processing were worth $23,715,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AlphaCore Capital LLC acquired a new position in Automatic Data Processing in the 1st quarter worth $688,000. Golden State Wealth Management LLC raised its holdings in Automatic Data Processing by 29.6% in the 1st quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider's stock valued at $173,000 after acquiring an additional 129 shares during the period. GAMMA Investing LLC raised its holdings in Automatic Data Processing by 13.8% in the 1st quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider's stock valued at $2,901,000 after acquiring an additional 1,148 shares during the period. Toronto Dominion Bank raised its holdings in Automatic Data Processing by 10.2% in the 4th quarter. Toronto Dominion Bank now owns 236,707 shares of the business services provider's stock valued at $69,290,000 after acquiring an additional 21,910 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Automatic Data Processing by 8.9% during the first 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 owned by institutional investors and hedge funds.

Automatic Data Processing Stock Performance

ADP traded down $1.87 during midday trading on Wednesday, reaching $297.90. The company had a trading volume of 784,864 shares, compared to its average volume of 1,716,165. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market cap of $120.66 billion, a PE ratio of 29.90, a P/E/G ratio of 2.78 and a beta of 0.82. Automatic Data Processing, Inc. has a 12-month low of $267.79 and a 12-month high of $329.93. The business has a 50-day moving average price of $304.41 and a two-hundred day moving average price of $305.42.

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 analysts' consensus estimates of $2.23 by $0.03. The firm had revenue of $5.13 billion for 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 company's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, sell-side 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 declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be paid a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Friday, September 12th. Automatic Data Processing's dividend payout ratio is presently 61.72%.

Analysts Set New Price Targets

ADP has been the topic of several recent research reports. Dbs Bank raised shares of Automatic Data Processing to a "hold" rating in a report on Thursday, August 21st. Mizuho raised their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an "outperform" rating in a research report on Friday, June 13th. TD Securities lifted their price target on shares of Automatic Data Processing from $298.00 to $321.00 and gave the stock a "hold" rating in a report on Wednesday, May 21st. Morgan Stanley lifted their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Finally, Stifel Nicolaus lifted their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the stock a "hold" rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.