Portfolio Design Labs LLC Grows Stake in Automatic Data Processing, Inc. $ADP

Portfolio Design Labs LLC boosted its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 31.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,085 shares of the business services provider’s stock after purchasing an additional 2,386 shares during the period. Portfolio Design Labs LLC’s holdings in Automatic Data Processing were worth $2,594,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Pettyjohn Wood & White Inc. increased its stake in Automatic Data Processing by 3.8% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 13,321 shares of the business services provider’s stock valued at $3,427,000 after purchasing an additional 491 shares in the last quarter. Westerkirk Capital Inc. increased its stake in Automatic Data Processing by 35.3% in the 4th quarter. Westerkirk Capital Inc. now owns 17,401 shares of the business services provider’s stock valued at $4,476,000 after purchasing an additional 4,539 shares in the last quarter. Commonwealth Retirement Investments LLC increased its stake in Automatic Data Processing by 3.6% in the 4th quarter. Commonwealth Retirement Investments LLC now owns 7,527 shares of the business services provider’s stock valued at $1,936,000 after purchasing an additional 259 shares in the last quarter. Cerity Partners LLC increased its stake in Automatic Data Processing by 5.5% in the 4th quarter. Cerity Partners LLC now owns 250,259 shares of the business services provider’s stock valued at $64,374,000 after purchasing an additional 12,939 shares in the last quarter. Finally, LPL Financial LLC increased its stake in Automatic Data Processing by 4.2% in the 4th quarter. LPL Financial LLC now owns 674,315 shares of the business services provider’s stock valued at $173,454,000 after purchasing an additional 27,024 shares in the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ADP shares. Guggenheim started coverage on Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 price target for the company. BMO Capital Markets dropped their price target on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. Wells Fargo & Company raised Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target for the company in a research report on Monday, May 18th. Stifel Nicolaus dropped their price target on Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. Finally, Citigroup dropped their price target on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Stock Performance

Automatic Data Processing stock opened at $231.17 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a fifty day moving average of $211.11 and a two-hundred day moving average of $229.70. The company has a market capitalization of $92.41 billion, a price-to-earnings ratio of 21.56 and a beta of 0.84. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $319.72.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, analysts anticipate that Automatic Data Processing, Inc. will post 11.07 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, July 1st. Stockholders of record on Friday, June 12th will be given a $1.70 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.9%. Automatic Data Processing’s payout ratio is currently 63.43%.

Insider Activity at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction on Monday, March 16th. The stock was sold at an average price of $208.45, for a total value of $113,188.35. Following the completion of the sale, the vice president owned 8,912 shares of the company’s stock, valued at $1,857,706.40. The trade was a 5.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Automatic Data Processing Company Profile

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.