Xponance LLC Acquires 8,583 Shares of Automatic Data Processing, Inc. $ADP

Xponance LLC lifted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 8.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 110,246 shares of the business services provider’s stock after buying an additional 8,583 shares during the quarter. Xponance LLC’s holdings in Automatic Data Processing were worth $28,359,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ADP. Imprint Wealth LLC purchased a new position in shares of Automatic Data Processing during the 3rd quarter valued at $25,000. Board of the Pension Protection Fund purchased a new position in shares of Automatic Data Processing during the 4th quarter valued at $31,000. Y.D. More Investments Ltd purchased a new position in shares of Automatic Data Processing during the 3rd quarter valued at $32,000. High Point Wealth Management LLC purchased a new position in shares of Automatic Data Processing during the 4th quarter valued at $34,000. Finally, AlphaQuest LLC bought a new position in Automatic Data Processing in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

ADP has been the subject of several recent analyst reports. TD Cowen upgraded Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. Guggenheim initiated coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They set a “buy” rating and a $270.00 price objective for the company. BMO Capital Markets dropped their price objective on shares of 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. Jefferies Financial Group dropped their price objective on shares of Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. Finally, Morgan Stanley dropped their price objective on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $244.29.

Insider Transactions at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction that occurred on Monday, March 16th. The shares were 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 trade represents a 5.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by insiders.

Automatic Data Processing Stock Performance

Automatic Data Processing stock opened at $225.77 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $315.98. The firm has a market capitalization of $90.25 billion, a P/E ratio of 21.06 and a beta of 0.84. The company’s 50-day moving average is $212.08 and its 200 day moving average is $229.38.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data 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. 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%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Research analysts forecast that Automatic Data Processing, Inc. will post 11.07 EPS 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. Investors of record on Friday, June 12th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 63.43%.

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.