Sustainable Insight Capital Management LLC Buys New Position in Automatic Data Processing, Inc. $ADP

Sustainable Insight Capital Management LLC bought a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) during the 4th quarter, Holdings Channel.com reports. The firm bought 16,369 shares of the business services provider’s stock, valued at approximately $4,211,000. Automatic Data Processing comprises about 1.4% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 19th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Imprint Wealth LLC bought a new stake in Automatic Data Processing in the third quarter valued at approximately $25,000. Y.D. More Investments Ltd bought a new stake in Automatic Data Processing in the third quarter valued at approximately $32,000. Board of the Pension Protection Fund bought a new stake in Automatic Data Processing in the fourth quarter valued at approximately $31,000. AlphaQuest LLC bought a new stake in Automatic Data Processing in the third quarter valued at approximately $38,000. Finally, High Point Wealth Management LLC bought a new stake in Automatic Data Processing in the fourth quarter valued at approximately $34,000. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $225.77 on Friday. The stock has a market capitalization of $90.25 billion, a price-to-earnings ratio of 21.06 and a beta of 0.84. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98. The stock’s 50 day moving average price is $212.08 and its two-hundred day moving average price is $229.38. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.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 firm earned $3.06 earnings per share. Automatic Data Processing’s revenue for the quarter 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. On average, equities analysts predict that Automatic Data Processing, Inc. will post 11.07 earnings per share 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 given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is presently 63.43%.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 543 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TD Cowen upgraded Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. UBS Group increased their price target on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Mizuho cut their price target on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. BMO Capital Markets cut 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. Finally, Citigroup cut 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. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $244.29.

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.