Shelter Rock Management LLC Invests $920,000 in Automatic Data Processing, Inc. $ADP

Shelter Rock Management LLC acquired a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,575 shares of the business services provider’s stock, valued at approximately $920,000. Automatic Data Processing comprises about 0.9% of Shelter Rock Management LLC’s holdings, making the stock its 19th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Imprint Wealth LLC acquired a new stake in Automatic Data Processing in the 3rd quarter valued at $25,000. Cloud Capital Management LLC acquired a new stake in Automatic Data Processing in the 3rd quarter valued at $29,000. Y.D. More Investments Ltd acquired a new stake in Automatic Data Processing in the 3rd quarter valued at $32,000. Board of the Pension Protection Fund acquired a new stake in Automatic Data Processing in the 4th quarter valued at $31,000. Finally, AlphaQuest LLC acquired a new stake in Automatic Data Processing in the 3rd quarter valued at $38,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Stock Up 2.4%

Shares of Automatic Data Processing stock opened at $225.31 on Friday. The business has a 50-day moving average of $206.43 and a 200-day moving average of $232.19. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $90.06 billion, a PE ratio of 21.02 and a beta of 0.83. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.07. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, equities analysts forecast that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm 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. The ex-dividend date is Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 3.0%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.43%.

Insider Buying and Selling at Automatic Data Processing

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

Wall Street Analysts Forecast Growth

ADP has been the subject of several recent research reports. Cantor Fitzgerald lowered their price target on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Robert W. Baird lowered their price target on Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. UBS Group increased their price target on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. BMO Capital Markets lowered their price target on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. Finally, Jefferies Financial Group lowered their target price on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $249.00.

Automatic Data Processing 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.