Automatic Data Processing, Inc. $ADP Shares Sold by Praxis Investment Management Inc.

Praxis Investment Management Inc. decreased its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 23.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,480 shares of the business services provider’s stock after selling 1,970 shares during the period. Praxis Investment Management Inc.’s holdings in Automatic Data Processing were worth $1,902,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Laurel Wealth Advisors LLC grew its stake in shares of Automatic Data Processing by 30,110.7% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,668,758 shares of the business services provider’s stock worth $1,439,845,000 after purchasing an additional 4,653,304 shares during the last quarter. Norges Bank bought a new stake in Automatic Data Processing during the second quarter worth approximately $696,841,000. Amundi grew its position in Automatic Data Processing by 24.9% in the second quarter. Amundi now owns 3,109,120 shares of the business services provider’s stock worth $948,549,000 after buying an additional 619,829 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Automatic Data Processing by 15.7% in the first quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider’s stock valued at $1,348,805,000 after buying an additional 601,400 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Automatic Data Processing by 26.6% in the second quarter. JPMorgan Chase & Co. now owns 2,812,637 shares of the business services provider’s stock valued at $867,445,000 after buying an additional 591,800 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Price Performance

Shares of ADP opened at $266.10 on Monday. The business’s 50-day moving average is $265.94 and its 200-day moving average is $290.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $107.62 billion, a price-to-earnings ratio of 26.27 and a beta of 0.86. Automatic Data Processing, Inc. has a fifty-two week low of $247.18 and a fifty-two week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.14 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The firm’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be issued a dividend of $1.70 per share. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.54. This represents a $6.80 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, December 12th. Automatic Data Processing’s dividend payout ratio is 67.13%.

Wall Street Analysts Forecast Growth

ADP has been the subject of several research reports. Citigroup started coverage on Automatic Data Processing in a research note on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price objective for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 8th. UBS Group cut their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a report on Wednesday, September 17th. JPMorgan Chase & Co. decreased their target price on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Finally, Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a report on Thursday, August 21st. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $312.67.

Automatic Data Processing Company 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.