Douglass Winthrop Advisors LLC Reduces Position in Automatic Data Processing, Inc. $ADP

Douglass Winthrop Advisors LLC cut its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,450 shares of the business services provider’s stock after selling 175 shares during the period. Douglass Winthrop Advisors LLC’s holdings in Automatic Data Processing were worth $7,470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of ADP. von Borstel & Associates Inc. purchased a new position in shares of Automatic Data Processing in the 1st quarter valued at $30,000. Main Street Group LTD boosted its stake in Automatic Data Processing by 50.7% during the 4th quarter. Main Street Group LTD now owns 113 shares of the business services provider’s stock worth $33,000 after purchasing an additional 38 shares during the period. Y.D. More Investments Ltd acquired a new stake in Automatic Data Processing during the 1st quarter worth $35,000. Abound Wealth Management boosted its stake in Automatic Data Processing by 58.1% during the 1st quarter. Abound Wealth Management now owns 117 shares of the business services provider’s stock worth $36,000 after purchasing an additional 43 shares during the period. Finally, Banque de Luxembourg S.A. acquired a new stake in Automatic Data Processing during the 4th quarter worth $37,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Performance

Shares of ADP opened at $307.95 on Friday. The company has a 50-day simple moving average of $305.10 and a 200-day simple moving average of $305.65. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $124.73 billion, a PE ratio of 30.86, a P/E/G ratio of 2.79 and a beta of 0.81. Automatic Data Processing, Inc. has a 52-week low of $267.79 and a 52-week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The firm had revenue of $5.13 billion during the quarter, compared to the consensus estimate of $5.05 billion. During the same period last year, the firm posted $2.09 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be issued a dividend of $1.54 per share. The ex-dividend date is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.0%. Automatic Data Processing’s payout ratio is 61.72%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on ADP shares. UBS Group decreased their price target on shares of Automatic Data Processing from $323.00 to $315.00 and set a “neutral” rating for the company in a research note on Friday, June 13th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $315.00 price target on shares of Automatic Data Processing in a research note on Thursday, June 5th. Mizuho increased their price target on shares of Automatic Data Processing from $321.00 to $332.00 and gave the stock an “outperform” rating in a research note on Friday, June 13th. TD Securities increased their price target on shares of Automatic Data Processing from $298.00 to $321.00 and gave the stock a “hold” rating in a research note on Wednesday, May 21st. Finally, Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $317.00.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.