Osborne Partners Capital Management LLC Has $8.85 Million Holdings in Automatic Data Processing, Inc. $ADP

Osborne Partners Capital Management LLC trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 14.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,557 shares of the business services provider’s stock after selling 7,630 shares during the period. Osborne Partners Capital Management LLC’s holdings in Automatic Data Processing were worth $8,850,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ADP. Leelyn Smith LLC acquired a new stake in Automatic Data Processing in the first quarter worth $229,000. PFG Investments LLC raised its holdings in shares of Automatic Data Processing by 3.4% during the first quarter. PFG Investments LLC now owns 8,804 shares of the business services provider’s stock valued at $1,789,000 after purchasing an additional 291 shares during the period. Turtle Creek Wealth Advisors LLC boosted its position in shares of Automatic Data Processing by 37.2% during the 1st quarter. Turtle Creek Wealth Advisors LLC now owns 8,485 shares of the business services provider’s stock worth $1,724,000 after purchasing an additional 2,301 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of Automatic Data Processing by 0.6% during the 1st quarter. New York State Teachers Retirement System now owns 295,983 shares of the business services provider’s stock worth $60,138,000 after purchasing an additional 1,726 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Automatic Data Processing in the 1st quarter valued at about $6,016,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $242.27 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The business has a fifty day simple moving average of $219.94 and a 200 day simple moving average of $225.81. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98. The firm has a market capitalization of $96.84 billion, a P/E ratio of 22.60 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data 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. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the firm earned $3.06 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, analysts predict that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 63.43%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Argus decreased their target price on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. BMO Capital Markets cut their price target on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Citigroup decreased their price objective on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Stifel Nicolaus lowered their target price on Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. Finally, UBS Group increased their target price on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Automatic Data Processing has an average rating of “Hold” and a consensus target price of $244.29.

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.