Maytus Capital Management LLC Sells 11,500 Shares of Automatic Data Processing, Inc. $ADP

Maytus Capital Management LLC reduced its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 79.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,000 shares of the business services provider’s stock after selling 11,500 shares during the period. Maytus Capital Management LLC’s holdings in Automatic Data Processing were worth $772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ADP. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing in the third quarter valued at $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Automatic Data Processing in the fourth quarter valued at $26,000. Bard Associates Inc. acquired a new position in shares of Automatic Data Processing in the fourth quarter valued at $28,000. Board of the Pension Protection Fund acquired a new position in shares of Automatic Data Processing in the fourth quarter valued at $31,000. Finally, Y.D. More Investments Ltd acquired a new position in shares of Automatic Data Processing in the third quarter valued at $32,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Trading Down 0.5%

ADP stock opened at $222.00 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The company’s 50-day simple moving average is $213.32 and its 200 day simple moving average is $228.75. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $315.98. The company has a market capitalization of $88.74 billion, a PE ratio of 20.71 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating the consensus estimate 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 prior year, the company posted $3.06 earnings per share. Automatic Data Processing’s 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. As a group, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors 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 annualized dividend and a dividend yield of 3.1%. Automatic Data Processing’s dividend payout ratio is 63.43%.

Analysts Set New Price Targets

Several equities analysts have commented on ADP shares. Stifel Nicolaus decreased their price objective on shares of Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. Robert W. Baird decreased their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Guggenheim started coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 price objective on the stock. Citigroup decreased their price objective on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Finally, TD Cowen upgraded shares of Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. One equities 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Company 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.