Epoch Investment Partners Inc. Sells 99,345 Shares of Automatic Data Processing, Inc. $ADP

Epoch Investment Partners Inc. lessened its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 26.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 280,275 shares of the business services provider’s stock after selling 99,345 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Automatic Data Processing were worth $56,946,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ADP. Dempze Nancy E grew its position in shares of Automatic Data Processing by 0.7% in the 1st quarter. Dempze Nancy E now owns 17,503 shares of the business services provider’s stock valued at $3,556,000 after acquiring an additional 122 shares during the period. Entropy Technologies LP raised its holdings in shares of Automatic Data Processing by 126.2% in the 1st quarter. Entropy Technologies LP now owns 61,545 shares of the business services provider’s stock valued at $12,505,000 after purchasing an additional 34,341 shares during the period. Sustainable Insight Capital Management LLC raised its holdings in shares of Automatic Data Processing by 39.8% in the 1st quarter. Sustainable Insight Capital Management LLC now owns 22,889 shares of the business services provider’s stock valued at $4,651,000 after purchasing an additional 6,520 shares during the period. Renaissance Technologies LLC lifted its stake in Automatic Data Processing by 1,018.7% in the 1st quarter. Renaissance Technologies LLC now owns 646,820 shares of the business services provider’s stock valued at $131,421,000 after purchasing an additional 589,000 shares during the last quarter. Finally, Hilltop Holdings Inc. lifted its stake in Automatic Data Processing by 142.3% in the 1st quarter. Hilltop Holdings Inc. now owns 1,970 shares of the business services provider’s stock valued at $400,000 after purchasing an additional 1,157 shares during the last quarter. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Stock Up 3.0%

Automatic Data Processing stock opened at $250.09 on Friday. The company’s 50-day moving average price is $231.61 and its two-hundred day moving average price is $224.52. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The stock has a market cap of $99.97 billion, a P/E ratio of 23.33 and a beta of 0.83. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last issued 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. 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 during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the company posted $3.06 earnings per share. The business’s revenue 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. As a group, analysts expect that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ADP. Argus lowered their price target on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Jefferies Financial Group reduced their target price on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Wells Fargo & Company boosted their target price on Automatic Data Processing from $214.00 to $248.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Mizuho dropped their price target on Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Finally, Weiss Ratings raised Automatic Data Processing from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $256.00.

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.