Automatic Data Processing, Inc. $ADP Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 154,313 shares of the business services provider’s stock after purchasing an additional 16,098 shares during the period. Thrivent Financial for Lutherans’ holdings in Automatic Data Processing were worth $39,709,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ADP. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing during the third quarter worth $25,000. Cloud Capital Management LLC acquired a new position in shares of Automatic Data Processing during the third quarter worth $29,000. Board of the Pension Protection Fund acquired a new position in shares of Automatic Data Processing during the fourth quarter worth $31,000. Y.D. More Investments Ltd acquired a new position in shares of Automatic Data Processing during the third quarter worth $32,000. Finally, High Point Wealth Management LLC acquired a new position in shares of Automatic Data Processing during the fourth quarter worth $34,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Price Performance

NASDAQ:ADP opened at $214.48 on Friday. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $329.93. 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 $85.73 billion, a price-to-earnings ratio of 20.01 and a beta of 0.83. The firm’s fifty day moving average is $206.29 and its two-hundred day moving average is $233.82.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results 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. 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 analyst estimates of $5.85 billion. During the same period in the prior year, the company earned $3.06 earnings per share. The firm’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. Research analysts expect that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is presently 63.43%.

Insider Activity

In other news, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $208.45, for a total transaction of $113,188.35. Following the sale, the vice president directly owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This represents a 5.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ADP. Guggenheim began coverage on Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 price target on the stock. Robert W. Baird reduced their price target on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. 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 report on Thursday, April 30th. UBS Group upped their target price on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company cut their target price on Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating on the stock in a research report on Friday, March 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average target price of $253.50.

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.