Prudential PLC Has $22.56 Million Position in Automatic Data Processing, Inc. $ADP

Prudential PLC reduced its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,692 shares of the business services provider’s stock after selling 3,045 shares during the quarter. Prudential PLC’s holdings in Automatic Data Processing were worth $22,557,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ADP. Imprint Wealth LLC acquired a new stake in Automatic Data Processing during the 3rd quarter valued at $25,000. Board of the Pension Protection Fund acquired a new position in Automatic Data Processing during the fourth quarter valued at $31,000. Y.D. More Investments Ltd acquired a new position in Automatic Data Processing during the third quarter valued at $32,000. High Point Wealth Management LLC acquired a new position in Automatic Data Processing during the fourth quarter valued at $34,000. Finally, AlphaQuest LLC acquired a new position in Automatic Data Processing during the third quarter valued at $38,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $231.31 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $329.93. The stock’s 50-day moving average is $209.43 and its two-hundred day moving average is $230.11. The firm has a market cap of $92.46 billion, a P/E ratio of 21.58 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period in the prior year, the firm posted $3.06 EPS. The business’s revenue was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Analysts predict that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is presently 63.43%.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $208.45, for a total value of $113,188.35. Following the transaction, the vice president directly owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This represents a 5.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Stifel Nicolaus dropped their price target on Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. TD Cowen raised Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. Guggenheim assumed coverage on Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 price target on the stock. Wells Fargo & Company raised Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target on the stock in a research report on Monday, May 18th. Finally, Citigroup dropped their price target on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average price target of $244.29.

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.