Bahl & Gaynor Inc. Cuts Position in Automatic Data Processing, Inc. $ADP

Bahl & Gaynor Inc. decreased its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 957,031 shares of the business services provider’s stock after selling 50,200 shares during the quarter. Automatic Data Processing accounts for about 1.5% of Bahl & Gaynor Inc.’s investment portfolio, making the stock its 21st largest holding. Bahl & Gaynor Inc. owned approximately 0.24% of Automatic Data Processing worth $292,402,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sentinus LLC grew its position in shares of Automatic Data Processing by 2.3% during the fourth quarter. Sentinus LLC now owns 1,548 shares of the business services provider’s stock worth $453,000 after buying an additional 35 shares in the last quarter. Syntegra Private Wealth Group LLC lifted its stake in Automatic Data Processing by 4.7% in the first quarter. Syntegra Private Wealth Group LLC now owns 779 shares of the business services provider’s stock valued at $238,000 after buying an additional 35 shares during the last quarter. Rehmann Capital Advisory Group lifted its stake in Automatic Data Processing by 1.0% in the fourth quarter. Rehmann Capital Advisory Group now owns 3,686 shares of the business services provider’s stock valued at $1,079,000 after buying an additional 36 shares during the last quarter. Detalus Advisors LLC lifted its stake in Automatic Data Processing by 2.4% in the first quarter. Detalus Advisors LLC now owns 1,566 shares of the business services provider’s stock valued at $478,000 after buying an additional 37 shares during the last quarter. Finally, Main Street Group LTD lifted its stake in Automatic Data Processing by 50.7% in the fourth quarter. Main Street Group LTD now owns 113 shares of the business services provider’s stock valued at $33,000 after buying an additional 38 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. UBS Group dropped their price target on shares of Automatic Data Processing from $323.00 to $315.00 and set a “neutral” rating on the stock in a research report on Friday, June 13th. Morgan Stanley lifted their target price on Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Stifel Nicolaus boosted their price target on Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. Mizuho boosted their price target on Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a research note on Friday, June 13th. Finally, TD Securities upped their target price on Automatic Data Processing from $298.00 to $321.00 and gave the stock a “hold” rating in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $317.00.

Automatic Data Processing Stock Performance

Automatic Data Processing stock opened at $307.95 on Friday. Automatic Data Processing, Inc. has a 52-week low of $267.79 and a 52-week high of $329.93. The firm has a market capitalization of $124.73 billion, a P/E ratio of 30.86, a P/E/G ratio of 2.79 and a beta of 0.81. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a fifty day moving average price of $305.10 and a two-hundred day moving average price of $305.65.

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

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be issued a dividend of $1.54 per share. The ex-dividend date is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a yield of 2.0%. Automatic Data Processing’s dividend payout ratio (DPR) is 61.72%.

About Automatic Data Processing

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.