MidFirst Bank Acquires New Stake in Automatic Data Processing, Inc. $ADP

MidFirst Bank acquired a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,618 shares of the business services provider’s stock, valued at approximately $4,017,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SG Trading Solutions LLC purchased a new stake in shares of Automatic Data Processing during the fourth quarter valued at $1,380,000. Pacer Advisors Inc. grew its holdings in shares of Automatic Data Processing by 6.4% in the fourth quarter. Pacer Advisors Inc. now owns 66,152 shares of the business services provider’s stock worth $17,016,000 after purchasing an additional 3,997 shares during the last quarter. Lynch Investment Planning LLC purchased a new position in Automatic Data Processing in the 4th quarter worth about $637,000. MV Capital Management Inc. purchased a new position in Automatic Data Processing in the 4th quarter worth about $282,000. Finally, Cambient Family Office LLC bought a new stake in Automatic Data Processing during the 4th quarter valued at about $9,379,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Trading Down 0.2%

ADP opened at $218.41 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 firm has a market cap of $87.31 billion, a price-to-earnings ratio of 20.37 and a beta of 0.84. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98. The stock has a fifty day moving average price of $213.90 and a 200-day moving average price of $228.24.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share 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 company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the company earned $3.06 earnings per share. The firm’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. As a group, equities research analysts anticipate that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders 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 3.1%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.43%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Argus lowered their price objective on shares of 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. Guggenheim began coverage on shares of Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 target price on the stock. Cantor Fitzgerald decreased their price target on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. BMO Capital Markets lowered their price target on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. Finally, TD Cowen raised Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. One 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. According to MarketBeat, the company 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.