Thrivent Financial for Lutherans Sells 4,606 Shares of Automatic Data Processing, Inc. $ADP

Thrivent Financial for Lutherans decreased its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,771 shares of the business services provider’s stock after selling 4,606 shares during the period. Thrivent Financial for Lutherans’ holdings in Automatic Data Processing were worth $35,980,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Claris Financial LLC boosted its holdings in Automatic Data Processing by 3.3% in the 2nd quarter. Claris Financial LLC now owns 1,957 shares of the business services provider’s stock worth $604,000 after buying an additional 62 shares during the period. MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Automatic Data Processing during the second quarter worth $7,298,000. Promus Capital LLC boosted its holdings in shares of Automatic Data Processing by 18.9% in the second quarter. Promus Capital LLC now owns 2,696 shares of the business services provider’s stock worth $831,000 after acquiring an additional 429 shares during the period. Stance Capital LLC purchased a new position in shares of Automatic Data Processing in the second quarter valued at $1,307,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Automatic Data Processing in the second quarter valued at $1,099,000. Institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday, December 8th. Dbs Bank upgraded Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Citigroup started coverage on shares of Automatic Data Processing in a report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price target on the stock. UBS Group reduced their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research note on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Automatic Data Processing presently has an average rating of “Reduce” and an average price target of $306.42.

Automatic Data Processing Stock Performance

Shares of ADP opened at $264.95 on Tuesday. Automatic Data Processing, Inc. has a 12-month low of $247.18 and a 12-month high of $329.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. The company has a market cap of $107.16 billion, a PE ratio of 26.15 and a beta of 0.86. The stock has a 50-day moving average price of $265.42 and a 200-day moving average price of $290.13.

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

Automatic Data Processing Increases Dividend

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

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.