Impact Partnership Wealth LLC Invests $463,000 in Automatic Data Processing, Inc. $ADP

Impact Partnership Wealth LLC bought a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,278 shares of the business services provider’s stock, valued at approximately $463,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Exeter Financial LLC increased its position in Automatic Data Processing by 6.3% during the first quarter. Exeter Financial LLC now owns 11,108 shares of the business services provider’s stock worth $2,257,000 after purchasing an additional 659 shares during the last quarter. Kagan Cocozza Asset Management grew its stake in shares of Automatic Data Processing by 19.5% during the 1st quarter. Kagan Cocozza Asset Management now owns 3,098 shares of the business services provider’s stock valued at $629,000 after buying an additional 506 shares during the period. Harbor Investment Advisory LLC grew its stake in shares of Automatic Data Processing by 9.4% during the 1st quarter. Harbor Investment Advisory LLC now owns 4,803 shares of the business services provider’s stock valued at $976,000 after buying an additional 411 shares during the period. MQS Management LLC grew its stake in shares of Automatic Data Processing by 50.9% during the 1st quarter. MQS Management LLC now owns 5,909 shares of the business services provider’s stock valued at $1,201,000 after buying an additional 1,992 shares during the period. Finally, Financial & Tax Architects LLC increased its holdings in shares of Automatic Data Processing by 17.1% during the 1st quarter. Financial & Tax Architects LLC now owns 31,632 shares of the business services provider’s stock worth $6,427,000 after buying an additional 4,625 shares during the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on ADP. TD Cowen raised Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. Jefferies Financial Group dropped their price target on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Argus cut their price objective on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Morgan Stanley reduced their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 28th. Finally, Mizuho decreased their target price on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. One 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 target price of $244.29.

Automatic Data Processing Trading Up 5.3%

ADP opened at $235.73 on Thursday. The firm has a market capitalization of $94.23 billion, a P/E ratio of 21.99 and a beta of 0.83. The firm’s 50 day moving average is $218.34 and its 200-day moving average is $225.87. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.07. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The business’s quarterly 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. Analysts expect that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, June 12th. Automatic Data Processing’s dividend payout ratio is presently 63.43%.

Automatic Data Processing 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.