Turtle Creek Wealth Advisors LLC Has $1.72 Million Stake in Automatic Data Processing, Inc. $ADP

Turtle Creek Wealth Advisors LLC grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 37.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,485 shares of the business services provider’s stock after buying an additional 2,301 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Automatic Data Processing were worth $1,724,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Imprint Wealth LLC bought a new position in Automatic Data Processing during the 3rd quarter worth approximately $25,000. Cornerstone Financial Management LLC bought a new stake in Automatic Data Processing in the fourth quarter valued at approximately $26,000. Bard Associates Inc. bought a new stake in Automatic Data Processing in the fourth quarter valued at approximately $28,000. Board of the Pension Protection Fund bought a new stake in Automatic Data Processing in the fourth quarter valued at approximately $31,000. Finally, Prosperity Bancshares Inc acquired a new stake in Automatic Data Processing in the fourth quarter worth $33,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Trading Up 2.8%

ADP opened at $242.27 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $96.84 billion, a P/E ratio of 22.60 and a beta of 0.83. The firm’s fifty day simple moving average is $219.13 and its 200 day simple moving average is $225.70. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $5.85 billion. During the same period last year, the company earned $3.06 earnings per share. Automatic Data Processing’s quarterly 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. As a group, research analysts anticipate that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, June 12th. Automatic Data Processing’s dividend payout ratio is currently 63.43%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Morgan Stanley decreased their price target on shares of 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. Jefferies Financial Group dropped their price objective on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Cantor Fitzgerald reduced their target price on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Robert W. Baird reduced their target price on Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Finally, Stifel Nicolaus decreased their target price on Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $244.29.

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.