Automatic Data Processing, Inc. $ADP Stock Holdings Lessened by Sterling Capital Management LLC

Sterling Capital Management LLC lessened its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 13.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 201,016 shares of the business services provider’s stock after selling 31,818 shares during the period. Automatic Data Processing comprises about 0.8% of Sterling Capital Management LLC’s portfolio, making the stock its 29th largest holding. Sterling Capital Management LLC’s holdings in Automatic Data Processing were worth $40,842,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ADP. Northwestern Mutual Wealth Management Co. raised its position in shares of Automatic Data Processing by 6,493.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,468,180 shares of the business services provider’s stock worth $892,120,000 after purchasing an additional 3,415,576 shares during the period. Cardano Risk Management B.V. raised its holdings in Automatic Data Processing by 950.1% during the 4th quarter. Cardano Risk Management B.V. now owns 3,563,180 shares of the business services provider’s stock worth $916,557,000 after buying an additional 3,223,855 shares during the period. Norges Bank purchased a new stake in Automatic Data Processing during the fourth quarter valued at about $721,738,000. Wellington Management Group LLP lifted its stake in Automatic Data Processing by 47.8% during the third quarter. Wellington Management Group LLP now owns 6,830,294 shares of the business services provider’s stock valued at $2,004,691,000 after buying an additional 2,208,927 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of Automatic Data Processing by 133.3% in the fourth quarter. Clearbridge Investments LLC now owns 1,687,793 shares of the business services provider’s stock worth $434,151,000 after buying an additional 964,405 shares during the period. 80.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ADP shares. Argus cut their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. Mizuho lowered their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. UBS Group boosted their target price on shares of Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group reduced their target price on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Trading Up 3.3%

NASDAQ:ADP opened at $223.55 on Friday. The stock has a market cap of $89.36 billion, a PE ratio of 20.85 and a beta of 0.84. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $315.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The stock’s 50-day moving average is $216.71 and its two-hundred day moving average is $226.78.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, equities research analysts forecast that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

About Automatic Data Processing

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.