Praxis Investment Management Inc. Boosts Holdings in Automatic Data Processing, Inc. $ADP

Praxis Investment Management Inc. grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 23.8% in the first quarter, HoldingsChannel reports. The fund owned 13,197 shares of the business services provider’s stock after buying an additional 2,538 shares during the quarter. Praxis Investment Management Inc.’s holdings in Automatic Data Processing were worth $2,681,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Imprint Wealth LLC purchased a new stake in Automatic Data Processing in the third quarter valued at approximately $25,000. Cornerstone Financial Management LLC purchased a new position in Automatic Data Processing during the fourth quarter worth approximately $26,000. Bard Associates Inc. acquired a new position in shares of Automatic Data Processing in the 4th quarter valued at $28,000. Board of the Pension Protection Fund acquired a new position in shares of Automatic Data Processing in the 4th quarter valued at $31,000. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Automatic Data Processing during the 4th quarter valued at $33,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on ADP shares. UBS Group upped their price objective on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Stifel Nicolaus lowered 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 for the company in a research note on Tuesday, April 7th. Wells Fargo & Company upgraded Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price objective on the stock in a report on Monday, May 18th. Finally, TD Cowen raised Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. One investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $242.27 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 capitalization of $96.84 billion, a price-to-earnings ratio of 22.60 and a beta of 0.83. The firm’s fifty day simple moving average is $219.94 and its 200 day simple moving average is $225.81. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the prior year, the firm earned $3.06 EPS. The firm’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. As a group, equities research analysts expect that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were paid a $1.70 dividend. The ex-dividend date was Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.8%. Automatic Data Processing’s dividend payout ratio (DPR) is 63.43%.

Automatic Data Processing 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.