Automatic Data Processing, Inc. $ADP Shares Sold by Fundsmith Investment Services LTD.

Fundsmith Investment Services LTD. lowered its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 7.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,338,320 shares of the business services provider’s stock after selling 106,545 shares during the quarter. Automatic Data Processing makes up 6.3% of Fundsmith Investment Services LTD.’s investment portfolio, making the stock its 8th largest position. Fundsmith Investment Services LTD.’s holdings in Automatic Data Processing were worth $344,256,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Imprint Wealth LLC acquired a new stake in Automatic Data Processing in the third quarter valued at $25,000. Cornerstone Financial Management LLC acquired a new stake in Automatic Data Processing in the fourth quarter valued at $26,000. Y.D. More Investments Ltd acquired a new stake in Automatic Data Processing in the third quarter valued at $32,000. Bard Associates Inc. acquired a new stake in Automatic Data Processing in the fourth quarter valued at $28,000. Finally, Board of the Pension Protection Fund acquired a new stake in Automatic Data Processing in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Stifel Nicolaus reduced their target price on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. Wells Fargo & Company raised Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 target price for the company in a report on Monday, May 18th. Citigroup reduced their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Jefferies Financial Group reduced their target price on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. Finally, Morgan Stanley reduced their target price on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $244.29.

Automatic Data Processing Trading Down 0.5%

Automatic Data Processing stock opened at $222.00 on Wednesday. The stock has a market cap of $88.74 billion, a PE ratio of 20.71 and a beta of 0.84. The stock has a 50-day moving average price of $213.32 and a 200 day moving average price of $228.75. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $315.98. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities research analysts predict that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.43%.

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.