Reflection Asset Management Takes $1.58 Million Position in Automatic Data Processing, Inc. $ADP

Reflection Asset Management purchased a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,128 shares of the business services provider’s stock, valued at approximately $1,576,000. Automatic Data Processing accounts for about 1.1% of Reflection Asset Management’s investment portfolio, making the stock its 22nd largest position.

A number of other institutional investors have also recently made changes to their positions in ADP. Imprint Wealth LLC bought a new stake in Automatic Data Processing during the 3rd quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new stake in Automatic Data Processing during the 4th quarter valued at $26,000. Bard Associates Inc. bought a new stake in Automatic Data Processing in the 4th quarter worth $28,000. Board of the Pension Protection Fund bought a new stake in Automatic Data Processing in the 4th quarter worth $31,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of Automatic Data Processing in the third quarter valued at about $32,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley lowered their price target 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. Robert W. Baird cut their price objective on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Citigroup reduced their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Guggenheim assumed coverage on Automatic Data Processing in a research note on Thursday, March 19th. They issued a “buy” rating and a $270.00 price target for the company. Finally, Argus dropped their price target on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $218.41 on Friday. The company has a market capitalization of $87.31 billion, a price-to-earnings ratio of 20.37 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $315.98. The company’s 50-day moving average is $214.26 and its 200 day moving average is $228.17.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.07. The business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Sell-side analysts expect that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s payout ratio is currently 63.43%.

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.