State Street Corp Buys 133,039 Shares of Automatic Data Processing, Inc. $ADP

State Street Corp boosted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.7% during the 4th quarter, HoldingsChannel reports. The fund owned 18,940,841 shares of the business services provider’s stock after purchasing an additional 133,039 shares during the period. State Street Corp’s holdings in Automatic Data Processing were worth $4,903,769,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Imprint Wealth LLC bought a new stake in Automatic Data Processing during the third quarter worth approximately $25,000. Board of the Pension Protection Fund bought a new stake in Automatic Data Processing during the fourth quarter worth approximately $31,000. Y.D. More Investments Ltd bought a new stake in Automatic Data Processing during the third quarter worth approximately $32,000. High Point Wealth Management LLC bought a new stake in Automatic Data Processing during the fourth quarter worth approximately $34,000. Finally, AlphaQuest LLC bought a new stake in Automatic Data Processing during the third quarter worth approximately $38,000. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Stock Up 0.2%

Shares of NASDAQ:ADP opened at $226.21 on Friday. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $315.98. The business has a 50 day simple moving average of $212.58 and a two-hundred day simple moving average of $229.36. The firm has a market capitalization of $90.42 billion, a PE ratio of 21.10 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.Automatic Data Processing’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities analysts predict that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a $1.70 dividend. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.0%. Automatic Data Processing’s payout ratio is presently 63.43%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ADP. Jefferies Financial Group reduced their price objective on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. UBS Group boosted their target price on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Morgan Stanley dropped their target price on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 28th. Citigroup dropped their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Finally, BMO Capital Markets dropped their target price on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $244.29.

Insider Activity

In related news, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $208.45, for a total value of $113,188.35. Following the completion of the sale, the vice president owned 8,912 shares in the company, valued at approximately $1,857,706.40. The trade was a 5.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.