Capitolis Liquid Global Markets LLC Buys 96,251 Shares of Automatic Data Processing, Inc. $ADP

Capitolis Liquid Global Markets LLC lifted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 331.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,251 shares of the business services provider’s stock after purchasing an additional 96,251 shares during the period. Capitolis Liquid Global Markets LLC’s holdings in Automatic Data Processing were worth $32,218,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Imprint Wealth LLC bought a new stake in shares of Automatic Data Processing during the 3rd quarter worth $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Automatic Data Processing during the 4th quarter worth $26,000. Y.D. More Investments Ltd bought a new stake in shares of Automatic Data Processing during the 3rd quarter worth $32,000. Bard Associates Inc. bought a new stake in shares of Automatic Data Processing during the 4th quarter worth $28,000. Finally, Board of the Pension Protection Fund bought a new stake in shares of Automatic Data Processing during the 4th quarter worth $31,000. 80.03% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ADP shares. TD Cowen upgraded Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. Citigroup lowered their target price 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. BMO Capital Markets lowered their target price on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. UBS Group lifted their target price on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Argus lowered their target price on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing Trading Down 1.5%

Shares of Automatic Data Processing stock opened at $218.76 on Thursday. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98. The stock’s 50-day simple moving average is $213.61 and its 200 day simple moving average is $228.50. The stock has a market capitalization of $87.44 billion, a P/E ratio of 20.41 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04.

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

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a $1.70 dividend. 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 payout ratio is currently 63.43%.

Automatic Data Processing 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.