Landscape Capital Management L.L.C. Buys New Shares in Automatic Data Processing, Inc. $ADP

Landscape Capital Management L.L.C. bought a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 13,073 shares of the business services provider’s stock, valued at approximately $3,363,000.

Several other large investors have also recently bought and sold shares of ADP. Imprint Wealth LLC acquired a new position in Automatic Data Processing during the 3rd quarter valued at $25,000. Cornerstone Financial Management LLC bought a new stake in Automatic Data Processing in the 4th quarter valued at $26,000. Bard Associates Inc. bought a new stake in Automatic Data Processing in the 4th quarter valued at $28,000. Board of the Pension Protection Fund bought a new stake in Automatic Data Processing in the 4th quarter valued at $31,000. Finally, Y.D. More Investments Ltd bought a new stake in Automatic Data Processing in the 3rd quarter valued at $32,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on ADP. Stifel Nicolaus lowered their price target on shares of Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. Argus lowered their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Mizuho lowered their price target on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Morgan Stanley lowered their price target on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 28th. Finally, TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $226.21 on Monday. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98. The company’s 50-day moving average price is $212.58 and its two-hundred day moving average price is $229.21. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The firm has a market cap of $90.42 billion, a P/E ratio of 21.10 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the prior year, the firm earned $3.06 EPS. The company’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. As a group, research analysts forecast that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is 63.43%.

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.