Automatic Data Processing, Inc. $ADP Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. trimmed its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.5% in the fourth quarter, HoldingsChannel reports. The firm owned 379,620 shares of the business services provider’s stock after selling 17,827 shares during the period. Epoch Investment Partners Inc.’s holdings in Automatic Data Processing were worth $97,650,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADP. Imprint Wealth LLC acquired a new position in Automatic Data Processing during the 3rd quarter valued at about $25,000. Bard Associates Inc. acquired a new position in Automatic Data Processing during the 4th quarter valued at about $28,000. Board of the Pension Protection Fund acquired a new stake in shares of Automatic Data Processing in the 4th quarter worth approximately $31,000. Y.D. More Investments Ltd acquired a new stake in shares of Automatic Data Processing in the 3rd quarter worth approximately $32,000. Finally, High Point Wealth Management LLC acquired a new stake in shares of Automatic Data Processing in the 4th quarter worth approximately $34,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Trading Up 0.2%

Shares of NASDAQ:ADP opened at $226.21 on Friday. The company has a 50 day moving average of $212.58 and a 200-day moving average of $229.36. The firm has a market cap of $90.42 billion, a P/E ratio of 21.10 and a beta of 0.84. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, April 29th. The business services provider reported $3.37 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 business 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% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, analysts anticipate that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently announced 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. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s payout ratio is presently 63.43%.

Insider Activity at Automatic Data Processing

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 shares were sold at an average price of $208.45, for a total value of $113,188.35. Following the sale, the vice president directly owned 8,912 shares in the company, valued at $1,857,706.40. The trade was a 5.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ADP. UBS Group upped their price target on shares of Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Citigroup reduced their price target on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Guggenheim began coverage on shares of 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. Mizuho reduced their price target on shares of Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Finally, Argus reduced their price target on shares of 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 research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $244.29.

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.