Automatic Data Processing, Inc. $ADP Stake Lifted by Stance Capital LLC

Stance Capital LLC boosted its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 251.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,093 shares of the business services provider’s stock after buying an additional 11,515 shares during the period. Automatic Data Processing accounts for approximately 1.5% of Stance Capital LLC’s investment portfolio, making the stock its 11th largest holding. Stance Capital LLC’s holdings in Automatic Data Processing were worth $4,140,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Imprint Wealth LLC acquired a new stake in shares of Automatic Data Processing in the 3rd quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new position in Automatic Data Processing during the 4th quarter valued at about $26,000. Bard Associates Inc. acquired a new position in Automatic Data Processing during the 4th quarter valued at about $28,000. Board of the Pension Protection Fund bought a new position in Automatic Data Processing in the 4th quarter worth about $31,000. Finally, Y.D. More Investments Ltd bought a new position in Automatic Data Processing in the 3rd quarter worth about $32,000. 80.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ADP has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price target on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. Mizuho decreased their price objective on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. TD Cowen raised Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. Jefferies Financial Group lowered their target price on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Finally, Citigroup cut 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing Stock Performance

Shares of ADP opened at $218.41 on Friday. The firm has a 50-day moving average price of $214.26 and a 200 day moving average price of $228.17. The firm has a market capitalization of $87.31 billion, a PE ratio of 20.37 and a beta of 0.84. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results 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. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the firm earned $3.06 EPS. Automatic Data Processing’s revenue was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, sell-side analysts anticipate 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 paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.43%.

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.