PKO Investment Management Joint Stock Co Buys 7,000 Shares of Automatic Data Processing, Inc. $ADP

PKO Investment Management Joint Stock Co lifted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 46.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,000 shares of the business services provider’s stock after buying an additional 7,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Automatic Data Processing were worth $6,457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Automatic Data Processing by 92.1% during the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock valued at $2,935,000 after purchasing an additional 4,808 shares in the last quarter. Bison Wealth LLC increased its stake in Automatic Data Processing by 22.8% in the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 681 shares during the last quarter. Salem Investment Counselors Inc. increased its stake in Automatic Data Processing by 1.8% in the 2nd quarter. Salem Investment Counselors Inc. now owns 2,540 shares of the business services provider’s stock valued at $787,000 after buying an additional 44 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Automatic Data Processing by 8.3% during the 2nd quarter. Parallel Advisors LLC now owns 9,744 shares of the business services provider’s stock worth $3,005,000 after buying an additional 743 shares in the last quarter. Finally, Gallacher Capital Management LLC boosted its stake in shares of Automatic Data Processing by 259.6% in the 2nd quarter. Gallacher Capital Management LLC now owns 2,837 shares of the business services provider’s stock worth $875,000 after buying an additional 2,048 shares during the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADP has been the subject of several recent analyst reports. Wells Fargo & Company reduced their target price on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. UBS Group reduced their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research note on Wednesday, September 17th. JPMorgan Chase & Co. decreased their target price on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Jefferies Financial Group reiterated an “underperform” rating and set a $230.00 target price (down from $245.00) on shares of Automatic Data Processing in a research note on Tuesday, December 16th. Finally, Citigroup started coverage on shares of Automatic Data Processing in a research report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price target for the company. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $306.42.

Insider Activity at Automatic Data Processing

In related news, VP David Kwon sold 900 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $260.00, for a total value of $234,000.00. Following the completion of the transaction, the vice president directly owned 11,993 shares in the company, valued at approximately $3,118,180. The trade was a 6.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Down 1.2%

ADP stock opened at $262.80 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $106.29 billion, a price-to-earnings ratio of 25.94 and a beta of 0.86. Automatic Data Processing, Inc. has a fifty-two week low of $247.18 and a fifty-two week high of $329.93. The stock has a fifty day moving average of $257.71 and a 200-day moving average of $282.54.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. The business had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Friday, December 12th were paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Friday, December 12th. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s dividend payout ratio is currently 67.13%.

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.