Strs Ohio Lowers Position in Automatic Data Processing, Inc. $ADP

Strs Ohio decreased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,454 shares of the business services provider’s stock after selling 6,287 shares during the quarter. Strs Ohio’s holdings in Automatic Data Processing were worth $23,661,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

ADP has been the topic of a number of analyst reports. Jefferies Financial Group dropped their target price on Automatic Data Processing from $230.00 to $190.00 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 target on the stock. Argus lowered their price target on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. BMO Capital Markets dropped their price objective on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Finally, Citigroup cut their price objective on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research 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 assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $242.27 on Friday. The company’s 50-day simple moving average is $219.94 and its 200-day simple moving average is $225.81. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98. The firm has a market cap of $96.84 billion, a price-to-earnings ratio of 22.60 and a beta of 0.83. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results 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. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities analysts predict that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, June 12th. Automatic Data Processing’s payout ratio is 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.