PKO Investment Management Joint Stock Co Has $3.05 Million Stock Holdings in Automatic Data Processing, Inc. $ADP

PKO Investment Management Joint Stock Co trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 40.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,000 shares of the business services provider’s stock after selling 10,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Automatic Data Processing were worth $3,048,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADP. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing during the third quarter worth $25,000. Cornerstone Financial Management LLC acquired a new stake in Automatic Data Processing in the fourth quarter valued at $26,000. Bard Associates Inc. bought a new position in Automatic Data Processing during the 4th quarter worth $28,000. Board of the Pension Protection Fund bought a new position in Automatic Data Processing during the 4th quarter worth $31,000. Finally, Prosperity Bancshares Inc acquired a new position in Automatic Data Processing during the 4th quarter worth about $33,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ADP shares. Stifel Nicolaus reduced their price target on Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. Guggenheim initiated coverage on Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 price objective for the company. Cantor Fitzgerald cut their price objective on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. UBS Group upped their target price on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group decreased their target price on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. One research 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $244.29.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $214.60 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average price of $214.63 and a two-hundred day moving average price of $227.68. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $315.98. The company has a market cap of $85.78 billion, a P/E ratio of 20.02 and a beta of 0.84.

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

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s payout ratio is presently 63.43%.

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.