Financial & Tax Architects LLC Acquires 4,625 Shares of Automatic Data Processing, Inc. $ADP

Financial & Tax Architects LLC grew its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 17.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,632 shares of the business services provider’s stock after purchasing an additional 4,625 shares during the period. Financial & Tax Architects LLC’s holdings in Automatic Data Processing were worth $6,427,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Imprint Wealth LLC acquired a new stake in shares of Automatic Data Processing in the third quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in Automatic Data Processing during the fourth quarter worth approximately $26,000. Bard Associates Inc. acquired a new stake in Automatic Data Processing during the fourth quarter worth approximately $28,000. Board of the Pension Protection Fund bought a new position in Automatic Data Processing during the 4th quarter worth $31,000. Finally, Prosperity Bancshares Inc bought a new position in Automatic Data Processing during the 4th quarter worth $33,000. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Stock Performance

Shares of NASDAQ:ADP opened at $223.95 on Wednesday. The company’s 50 day simple moving average is $217.67 and its 200 day simple moving average is $226.07. The stock has a market capitalization of $89.52 billion, a price-to-earnings ratio of 20.89 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. 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 quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating the consensus estimate 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 net margin of 20.12% and a return on equity of 68.82%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period 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. As a group, research analysts predict that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm 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 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is currently 63.43%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ADP shares. Wells Fargo & Company raised Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price objective for the company in a report on Monday, May 18th. Jefferies Financial Group reduced their target price on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. UBS Group raised their price target on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Guggenheim began coverage on Automatic Data Processing in a research note on Thursday, March 19th. They issued a “buy” rating and a $270.00 price target for the company. Finally, Stifel Nicolaus cut their price objective on shares of Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. One equities 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $244.29.

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.