Automatic Data Processing, Inc. $ADP Shares Sold by Haverford Trust Co

Haverford Trust Co trimmed its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 254,556 shares of the business services provider’s stock after selling 3,899 shares during the quarter. Haverford Trust Co’s holdings in Automatic Data Processing were worth $77,774,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. von Borstel & Associates Inc. acquired a new stake in Automatic Data Processing during the 1st quarter worth approximately $30,000. Main Street Group LTD lifted its position in Automatic Data Processing by 50.7% during the 4th quarter. Main Street Group LTD now owns 113 shares of the business services provider’s stock worth $33,000 after acquiring an additional 38 shares during the period. Y.D. More Investments Ltd acquired a new stake in Automatic Data Processing during the 1st quarter worth approximately $35,000. Abound Wealth Management lifted its holdings in shares of Automatic Data Processing by 58.1% in the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider’s stock valued at $36,000 after buying an additional 43 shares during the period. Finally, Banque de Luxembourg S.A. acquired a new stake in shares of Automatic Data Processing in the 4th quarter valued at approximately $37,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on ADP. Stifel Nicolaus raised their price target on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. UBS Group reduced their price target on Automatic Data Processing from $323.00 to $315.00 and set a “neutral” rating for the company in a report on Friday, June 13th. Mizuho raised their price target on Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a report on Friday, June 13th. Dbs Bank raised Automatic Data Processing to a “hold” rating in a research note on Thursday. Finally, TD Securities raised their price objective on Automatic Data Processing from $298.00 to $321.00 and gave the company a “hold” rating in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $317.00.

Automatic Data Processing Stock Performance

Automatic Data Processing stock opened at $307.95 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a fifty day moving average of $305.10 and a two-hundred day moving average of $305.65. The company has a market capitalization of $124.73 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 2.79 and a beta of 0.81. Automatic Data Processing, Inc. has a fifty-two week low of $267.79 and a fifty-two week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.03. The company had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.Automatic Data Processing’s revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.09 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be given a $1.54 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.0%. Automatic Data Processing’s payout ratio is currently 61.72%.

Automatic Data Processing Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.