Automatic Data Processing, Inc. $ADP Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 21.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,423 shares of the business services provider’s stock after acquiring an additional 4,311 shares during the period. Intech Investment Management LLC’s holdings in Automatic Data Processing were worth $6,282,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Imprint Wealth LLC acquired a new stake in shares of Automatic Data Processing during the third quarter valued at about $25,000. Board of the Pension Protection Fund acquired a new stake in shares of Automatic Data Processing during the fourth quarter valued at about $31,000. Y.D. More Investments Ltd acquired a new position in shares of Automatic Data Processing in the third quarter valued at approximately $32,000. High Point Wealth Management LLC acquired a new position in shares of Automatic Data Processing in the fourth quarter valued at approximately $34,000. Finally, AlphaQuest LLC acquired a new position in shares of Automatic Data Processing in the third quarter valued at approximately $38,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Trading Up 0.9%

Shares of ADP stock opened at $221.84 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $88.68 billion, a P/E ratio of 20.69 and a beta of 0.83. The company has a 50 day moving average price of $207.63 and a 200 day moving average price of $230.93. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. 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 business posted $3.06 EPS. The firm’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. Equities research analysts predict that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s payout ratio is 63.43%.

Insider Buying and Selling

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $208.45, for a total transaction of $113,188.35. Following the completion of the transaction, the vice president owned 8,912 shares in the company, valued at $1,857,706.40. The trade was a 5.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ADP. Mizuho dropped their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Cantor Fitzgerald dropped their price objective on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Stifel Nicolaus dropped their price objective on shares of Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. Jefferies Financial Group dropped their price objective on shares of Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. Finally, Guggenheim began coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $249.00.

Automatic Data Processing Company Profile

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.