R Squared Ltd Makes New $728,000 Investment in Automatic Data Processing, Inc. $ADP

R Squared Ltd bought a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 3,584 shares of the business services provider’s stock, valued at approximately $728,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Imprint Wealth LLC purchased a new stake in Automatic Data Processing in the third quarter worth $25,000. Cornerstone Financial Management LLC bought a new position in Automatic Data Processing in the fourth quarter worth $26,000. Bard Associates Inc. bought a new position in Automatic Data Processing in the fourth quarter worth $28,000. Board of the Pension Protection Fund purchased a new position in Automatic Data Processing during the fourth quarter valued at $31,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on ADP shares. Citigroup reduced their target price on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Argus cut their price objective on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. 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 on the stock in a report on Monday, May 18th. Cantor Fitzgerald decreased their target price on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Finally, Mizuho lowered their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $244.79.

Automatic Data Processing Stock Performance

NASDAQ:ADP traded up $8.00 during mid-day trading on Tuesday, reaching $247.49. The company’s stock had a trading volume of 390,886 shares, compared to its average volume of 3,243,675. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $315.98. The firm’s fifty day moving average price is $219.94 and its two-hundred day moving average price is $225.54. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The stock has a market cap of $98.93 billion, a P/E ratio of 23.05 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the firm posted $3.06 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities analysts forecast that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were given a dividend of $1.70 per share. The ex-dividend date was Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 2.7%. Automatic Data Processing’s dividend payout ratio is 63.43%.

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.