King Luther Capital Management Corp Increases Stake in Automatic Data Processing, Inc. $ADP

King Luther Capital Management Corp lifted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 9.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 69,687 shares of the business services provider’s stock after acquiring an additional 6,081 shares during the period. King Luther Capital Management Corp’s holdings in Automatic Data Processing were worth $17,926,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Imprint Wealth LLC purchased a new position in shares of Automatic Data Processing during the 3rd quarter worth $25,000. Cloud Capital Management LLC purchased a new position in shares of Automatic Data Processing during the 3rd quarter worth $29,000. Board of the Pension Protection Fund purchased a new position in shares of Automatic Data Processing during the 4th quarter worth $31,000. Y.D. More Investments Ltd purchased a new position in shares of Automatic Data Processing during the 3rd quarter worth $32,000. Finally, High Point Wealth Management LLC purchased a new position in shares of Automatic Data Processing during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on ADP shares. Citigroup reduced their price target on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Cantor Fitzgerald reduced their price target 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. Morgan Stanley reduced their price target on 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. Guggenheim started coverage on Automatic Data Processing in a report on Thursday, March 19th. They set a “buy” rating and a $270.00 price target on the stock. Finally, BMO Capital Markets reduced their price target on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $249.00.

Automatic Data Processing Stock Down 0.3%

Shares of ADP opened at $217.65 on Thursday. The firm has a market cap of $87.00 billion, a P/E ratio of 20.30 and a beta of 0.83. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $329.93. The company’s 50-day moving average price is $207.15 and its 200 day moving average price is $231.24. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.07. The firm 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 revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, sell-side analysts forecast that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Announces Dividend

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

Insider Transactions at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $208.45, for a total value of $113,188.35. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company 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.