23,473 Shares in Automatic Data Processing, Inc. $ADP Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC acquired a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 23,473 shares of the business services provider’s stock, valued at approximately $4,769,000. Automatic Data Processing makes up approximately 0.7% of Counterpoint Mutual Funds LLC’s investment portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Imprint Wealth LLC bought a new stake in shares of Automatic Data Processing during the 3rd quarter valued at $25,000. Cornerstone Financial Management LLC bought a new position in shares of Automatic Data Processing in the 4th quarter worth about $26,000. Bard Associates Inc. bought a new position in shares of Automatic Data Processing in the 4th quarter worth about $28,000. Board of the Pension Protection Fund purchased a new position in Automatic Data Processing during the 4th quarter valued at about $31,000. Finally, Prosperity Bancshares Inc purchased a new position in Automatic Data Processing during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

ADP has been the topic of several research reports. Morgan Stanley dropped their price objective on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 28th. Argus decreased their target price on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Wells Fargo & Company upgraded shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 target price for the company in a report on Monday, May 18th. Mizuho dropped their price target on Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Finally, Guggenheim initiated coverage on Automatic Data Processing in a research note on Thursday, March 19th. They issued a “buy” rating and a $270.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $242.27 on Friday. The stock has a market cap of $96.84 billion, a price-to-earnings ratio of 22.60 and a beta of 0.83. The firm’s 50-day moving average is $219.94 and its 200 day moving average is $225.81. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $315.98. 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 (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 company had revenue of $5.94 billion for 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%. Automatic Data Processing’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Sell-side analysts anticipate that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

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