SG Trading Solutions LLC Makes New Investment in Automatic Data Processing, Inc. $ADP

SG Trading Solutions LLC acquired a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,363 shares of the business services provider’s stock, valued at approximately $1,380,000.

A number of other institutional investors also recently modified their holdings of ADP. Pacer Advisors Inc. increased its holdings in shares of Automatic Data Processing by 6.4% during the fourth quarter. Pacer Advisors Inc. now owns 66,152 shares of the business services provider’s stock valued at $17,016,000 after acquiring an additional 3,997 shares in the last quarter. Lynch Investment Planning LLC bought a new position in shares of Automatic Data Processing in the 4th quarter worth $637,000. MV Capital Management Inc. acquired a new stake in Automatic Data Processing in the 4th quarter valued at $282,000. Cambient Family Office LLC bought a new stake in Automatic Data Processing during the 4th quarter valued at $9,379,000. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Automatic Data Processing by 106.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,355 shares of the business services provider’s stock worth $1,892,000 after buying an additional 3,791 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Trading Down 0.2%

Shares of ADP opened at $218.41 on Friday. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $315.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $87.31 billion, a P/E ratio of 20.37 and a beta of 0.84. The firm’s 50 day simple moving average is $213.90 and its 200 day simple moving average is $228.24.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) 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 business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the prior year, the firm earned $3.06 earnings per share. Automatic Data Processing’s revenue for the quarter 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. Sell-side analysts forecast that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 63.43%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Robert W. Baird cut their target price on Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Jefferies Financial Group cut their price objective on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. UBS Group upped their target price on shares of Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Argus lowered their target price on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Finally, Mizuho cut their price target on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $244.29.

Automatic Data Processing 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.