Automatic Data Processing, Inc. $ADP Shares Purchased by Groupe la Francaise

Groupe la Francaise increased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 11.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,126 shares of the business services provider’s stock after acquiring an additional 1,737 shares during the quarter. Groupe la Francaise’s holdings in Automatic Data Processing were worth $5,231,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. AlphaCore Capital LLC acquired a new position in shares of Automatic Data Processing in the first quarter valued at approximately $688,000. Golden State Wealth Management LLC grew its position in Automatic Data Processing by 29.6% during the first quarter. Golden State Wealth Management LLC now owns 565 shares of the business services provider’s stock worth $173,000 after buying an additional 129 shares during the period. GAMMA Investing LLC grew its position in Automatic Data Processing by 13.8% during the first quarter. GAMMA Investing LLC now owns 9,495 shares of the business services provider’s stock worth $2,901,000 after buying an additional 1,148 shares during the period. Toronto Dominion Bank grew its stake in Automatic Data Processing by 10.2% in the 4th quarter. Toronto Dominion Bank now owns 236,707 shares of the business services provider’s stock valued at $69,290,000 after acquiring an additional 21,910 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Automatic Data Processing by 8.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 250,836 shares of the business services provider’s stock valued at $76,638,000 after buying an additional 20,467 shares during the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADP has been the topic of several analyst reports. UBS Group decreased their price objective on Automatic Data Processing from $323.00 to $315.00 and set a “neutral” rating on the stock in a report on Friday, June 13th. Morgan Stanley lifted their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Dbs Bank upgraded shares of Automatic Data Processing to a “hold” rating in a report on Thursday. TD Securities lifted their target price on shares of Automatic Data Processing from $298.00 to $321.00 and gave the company a “hold” rating in a report on Wednesday, May 21st. 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 research report on Thursday, July 10th. Two analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $317.00.

Automatic Data Processing Trading Up 1.0%

NASDAQ ADP opened at $307.95 on Friday. The company’s fifty day simple moving average is $305.10 and its 200-day simple moving average is $305.63. Automatic Data Processing, Inc. has a 52 week low of $267.79 and a 52 week high of $329.93. The stock has a market cap of $124.73 billion, a P/E ratio of 30.86, a PEG ratio of 2.82 and a beta of 0.81. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.03. Automatic Data Processing had a return on equity of 72.84% and a net margin of 19.84%.The company had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same period in the prior year, the company posted $2.09 EPS. Automatic Data Processing’s quarterly revenue 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 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

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