39,971 Shares in Automatic Data Processing, Inc. $ADP Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. purchased a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 39,971 shares of the business services provider’s stock, valued at approximately $10,282,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Northcape Wealth Management LLC increased its stake in Automatic Data Processing by 0.6% in the 4th quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock worth $1,692,000 after purchasing an additional 39 shares in the last quarter. Private Advisory Group LLC raised its position in Automatic Data Processing by 4.8% during the third quarter. Private Advisory Group LLC now owns 867 shares of the business services provider’s stock valued at $254,000 after buying an additional 40 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its position in Automatic Data Processing by 0.3% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,179 shares of the business services provider’s stock valued at $4,455,000 after buying an additional 41 shares during the period. Rathbones Group PLC raised its position in Automatic Data Processing by 1.1% during the fourth quarter. Rathbones Group PLC now owns 4,027 shares of the business services provider’s stock valued at $1,036,000 after buying an additional 42 shares during the period. Finally, Zullo Investment Group Inc. raised its position in Automatic Data Processing by 2.3% during the fourth quarter. Zullo Investment Group Inc. now owns 1,885 shares of the business services provider’s stock valued at $485,000 after buying an additional 42 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP opened at $222.00 on Wednesday. The business’s 50-day moving average price is $213.32 and its two-hundred day moving average price is $228.75. 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, Inc. has a one year low of $188.16 and a one year high of $315.98. The company has a market capitalization of $88.74 billion, a P/E ratio of 20.71 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the company posted $3.06 earnings per share. The business’s quarterly revenue 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. 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 company also recently announced 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. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 3.1%. Automatic Data Processing’s payout ratio is 63.43%.

Analysts Set New Price Targets

Several research analysts recently weighed in on ADP shares. Stifel Nicolaus dropped their price target on Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. 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 report on Tuesday, April 7th. UBS Group upped their price target on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Cantor Fitzgerald dropped their price target on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, Citigroup dropped their price target on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Automatic Data Processing presently 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.