Focus Partners Wealth Has $42.79 Million Holdings in Automatic Data Processing, Inc. $ADP

Focus Partners Wealth increased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 39.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 165,991 shares of the business services provider’s stock after purchasing an additional 47,219 shares during the period. Focus Partners Wealth’s holdings in Automatic Data Processing were worth $42,788,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ADP. Graybill Wealth Management LTD. lifted its holdings in Automatic Data Processing by 5.4% during the fourth quarter. Graybill Wealth Management LTD. now owns 29,563 shares of the business services provider’s stock worth $7,604,000 after acquiring an additional 1,503 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in Automatic Data Processing during the fourth quarter worth about $3,363,000. Cornerstone Financial Management LLC bought a new position in Automatic Data Processing during the fourth quarter worth about $26,000. E6 Portfolios LLC bought a new position in Automatic Data Processing during the fourth quarter worth about $1,095,000. Finally, Entropy Technologies LP bought a new position in Automatic Data Processing during the fourth quarter worth about $6,998,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Stock Performance

ADP opened at $223.22 on Tuesday. The business’s 50-day moving average price is $212.96 and its two-hundred day moving average price is $228.98. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $315.98. The company has a market capitalization of $89.23 billion, a price-to-earnings ratio of 20.82 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04.

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

Automatic Data Processing Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ADP. TD Cowen upgraded Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. UBS Group lifted their price target on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Mizuho dropped their price target on Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Guggenheim initiated coverage on Automatic Data Processing in a research note on Thursday, March 19th. They issued a “buy” rating and a $270.00 price target on the stock. Finally, BMO Capital Markets dropped their price target on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. One research 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.