Rockefeller Capital Management L.P. Sells 6,863 Shares of Automatic Data Processing, Inc. $ADP

Rockefeller Capital Management L.P. reduced its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 258,785 shares of the business services provider’s stock after selling 6,863 shares during the period. Rockefeller Capital Management L.P.’s holdings in Automatic Data Processing were worth $66,582,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ADP. Imprint Wealth LLC bought a new stake in Automatic Data Processing in the 3rd quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new position in Automatic Data Processing during the 4th quarter worth approximately $26,000. Bard Associates Inc. bought a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $28,000. Board of the Pension Protection Fund bought a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $31,000. Finally, Y.D. More Investments Ltd acquired a new stake in shares of Automatic Data Processing in the third quarter valued at approximately $32,000. 80.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on ADP shares. Robert W. Baird cut their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. UBS Group raised their target price on shares of Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. BMO Capital Markets lowered their price target on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Mizuho cut their price target on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Finally, Wells Fargo & Company upgraded shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price objective for the company in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $244.29.

Automatic Data Processing Price Performance

NASDAQ:ADP opened at $218.41 on Friday. The firm has a market capitalization of $87.31 billion, a price-to-earnings ratio of 20.37 and a beta of 0.84. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98. The stock’s 50 day moving average price is $214.26 and its two-hundred day moving average price is $228.17. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) 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 analysts’ expectations of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities research analysts expect that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

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.