National Pension Service Raises Position in Automatic Data Processing, Inc. $ADP

National Pension Service grew its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 911,327 shares of the business services provider’s stock after purchasing an additional 44,989 shares during the quarter. National Pension Service’s holdings in Automatic Data Processing were worth $234,421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new stake in shares of Automatic Data Processing in the 4th quarter valued at $199,000. Rothschild Investment LLC raised its holdings in shares of Automatic Data Processing by 5.2% in the 4th quarter. Rothschild Investment LLC now owns 1,766 shares of the business services provider’s stock valued at $454,000 after purchasing an additional 87 shares in the last quarter. Intech Investment Management LLC raised its holdings in shares of Automatic Data Processing by 21.4% in the 4th quarter. Intech Investment Management LLC now owns 24,423 shares of the business services provider’s stock valued at $6,282,000 after purchasing an additional 4,311 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in shares of Automatic Data Processing by 23.2% in the 4th quarter. Foundations Investment Advisors LLC now owns 7,153 shares of the business services provider’s stock valued at $1,840,000 after purchasing an additional 1,348 shares in the last quarter. Finally, Baker Avenue Asset Management LP raised its holdings in shares of Automatic Data Processing by 2.0% in the 4th quarter. Baker Avenue Asset Management LP now owns 15,986 shares of the business services provider’s stock valued at $4,112,000 after purchasing an additional 309 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ADP. Morgan Stanley reduced 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 report on Tuesday, April 28th. Argus reduced their price objective on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. TD Cowen upgraded shares of Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. Citigroup reduced their price objective on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Finally, Robert W. Baird reduced their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $249.00.

Automatic Data Processing Trading Up 0.9%

NASDAQ ADP opened at $221.84 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $88.68 billion, a PE ratio of 20.69 and a beta of 0.83. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $329.93. The firm’s fifty day moving average is $207.63 and its two-hundred day moving average is $230.93.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Analysts expect that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid a $1.70 dividend. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 3.1%. Automatic Data Processing’s payout ratio is currently 63.43%.

Insider Buying and Selling

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction on Monday, March 16th. The shares were sold at an average price of $208.45, for a total value of $113,188.35. Following the transaction, the vice president directly owned 8,912 shares in the company, valued at approximately $1,857,706.40. The trade was a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

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.