Price T Rowe Associates Inc. MD Sells 64,029 Shares of Automatic Data Processing, Inc. $ADP

Price T Rowe Associates Inc. MD lowered its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,325,371 shares of the business services provider’s stock after selling 64,029 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Automatic Data Processing were worth $404,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. von Borstel & Associates Inc. bought a new stake in shares of Automatic Data Processing in the 1st quarter worth approximately $30,000. Main Street Group LTD raised its holdings in shares of Automatic Data Processing by 50.7% in 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 bought a new stake in shares of Automatic Data Processing in the 1st quarter worth approximately $35,000. Abound Wealth Management raised its holdings in shares of Automatic Data Processing by 58.1% in 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. bought a new stake in shares of Automatic Data Processing in the 4th quarter worth approximately $37,000. Institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Morgan Stanley lifted their price target on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Mizuho boosted their target price on shares of Automatic Data Processing from $321.00 to $332.00 and gave the company an “outperform” rating in a report on Friday, June 13th. Stifel Nicolaus boosted their target price on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a report on Thursday, July 31st. UBS Group lowered their target price on shares of Automatic Data Processing from $323.00 to $315.00 and set a “neutral” rating on the stock in a report on Friday, June 13th. Finally, BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 target price on the stock in a report on Thursday, July 10th. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, Automatic Data Processing has an average rating of “Hold” and an average price target of $317.00.

Automatic Data Processing Stock Up 1.0%

ADP opened at $307.95 on Friday. The company has a fifty day moving average price of $305.10 and a 200-day moving average price of $305.65. The firm has a market capitalization of $124.73 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 2.79 and a beta of 0.81. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. Automatic Data Processing, Inc. has a one year low of $267.79 and a one year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.03. The firm had revenue of $5.13 billion during the quarter, compared to analyst estimates of $5.05 billion. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.09 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts expect that Automatic Data Processing, Inc. will post 9.93 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, October 1st. Stockholders of record on Friday, September 12th will be given a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, September 12th. Automatic Data Processing’s payout ratio is 61.72%.

About Automatic Data Processing

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.