JARISLOWSKY FRASER Ltd Sells 9,210 Shares of Automatic Data Processing, Inc. $ADP

JARISLOWSKY FRASER Ltd lessened its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 14.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 52,462 shares of the business services provider’s stock after selling 9,210 shares during the period. JARISLOWSKY FRASER Ltd’s holdings in Automatic Data Processing were worth $15,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Harbor Asset Planning Inc. acquired a new position in shares of Automatic Data Processing during the 2nd quarter worth about $26,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Automatic Data Processing in the second quarter valued at approximately $26,000. Howard Hughes Medical Institute acquired a new position in shares of Automatic Data Processing in the second quarter valued at $27,000. Solstein Capital LLC bought a new position in shares of Automatic Data Processing during the second quarter valued at $28,000. Finally, Westside Investment Management Inc. boosted its stake in shares of Automatic Data Processing by 80.0% in the 2nd quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 40 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Stock Down 1.7%

ADP stock opened at $252.88 on Friday. The company has a market cap of $102.28 billion, a PE ratio of 24.96 and a beta of 0.86. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 52 week low of $247.18 and a 52 week high of $329.93. The business has a 50-day simple moving average of $258.23 and a 200 day simple moving average of $284.70.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period last year, the firm earned $2.33 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Sell-side analysts anticipate 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 was paid on Thursday, January 1st. Shareholders of record on Friday, December 12th were paid a $1.70 dividend. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date was Friday, December 12th. This represents a $6.80 annualized dividend and a yield of 2.7%. Automatic Data Processing’s dividend payout ratio (DPR) is 67.13%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ADP. Jefferies Financial Group reissued an “underperform” rating and set a $230.00 price target (down from $245.00) on shares of Automatic Data Processing in a report on Tuesday, December 16th. Wells Fargo & Company cut their target price on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday. Citigroup began coverage on shares of Automatic Data Processing in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 target price for the company. Finally, JPMorgan Chase & Co. reduced their price target on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and a consensus target price of $306.42.

About Automatic Data Processing

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.