Russell Investments Group Ltd. Increases Stock Holdings in Automatic Data Processing, Inc. $ADP

Russell Investments Group Ltd. lifted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 11.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 611,673 shares of the business services provider’s stock after buying an additional 63,035 shares during the quarter. Russell Investments Group Ltd.’s holdings in Automatic Data Processing were worth $157,537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Imprint Wealth LLC acquired a new position in Automatic Data Processing during the third quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Automatic Data Processing in the fourth quarter valued at approximately $26,000. Y.D. More Investments Ltd acquired a new stake in shares of Automatic Data Processing in the third quarter valued at approximately $32,000. Bard Associates Inc. purchased a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $28,000. Finally, Board of the Pension Protection Fund purchased a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $31,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Mizuho reduced their target price on Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Argus dropped their price target on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Cantor Fitzgerald cut their price target on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Morgan Stanley reduced their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. Finally, Citigroup decreased their price objective on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Automatic Data Processing has a consensus rating of “Hold” and a consensus target price of $244.29.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $222.00 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market cap of $88.74 billion, a PE ratio of 20.71 and a beta of 0.84. The firm has a 50 day simple moving average of $213.32 and a 200-day simple moving average of $228.75. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. Automatic Data Processing’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last 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, equities analysts expect that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Dividend Announcement

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 issued a dividend of $1.70 per share. The ex-dividend date is Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 3.1%. Automatic Data Processing’s dividend payout ratio (DPR) is 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.