Healthcare of Ontario Pension Plan Trust Fund Reduces Position in Automatic Data Processing, Inc. $ADP

Healthcare of Ontario Pension Plan Trust Fund decreased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 31.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,846 shares of the business services provider’s stock after selling 94,472 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Automatic Data Processing were worth $52,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Imprint Wealth LLC bought a new stake in Automatic Data Processing during the 3rd quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new stake in Automatic Data Processing during the 4th quarter valued at about $26,000. Y.D. More Investments Ltd bought a new stake in Automatic Data Processing during the 3rd quarter valued at about $32,000. Bard Associates Inc. bought a new stake in Automatic Data Processing during the 4th quarter valued at about $28,000. Finally, Board of the Pension Protection Fund bought a new stake in Automatic Data Processing during the 4th quarter valued at about $31,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $226.21 on Monday. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $315.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $90.42 billion, a P/E ratio of 21.10 and a beta of 0.84. The firm has a 50-day simple moving average of $212.58 and a 200-day simple moving average of $229.21.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating the consensus estimate 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 business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the business posted $3.06 EPS. The company’s quarterly 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. Equities analysts anticipate that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ADP shares. Stifel Nicolaus decreased their price objective on shares of Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. UBS Group lifted their price objective on shares of Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Mizuho decreased their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Guggenheim initiated coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 price target for the company. Finally, Jefferies Financial Group reduced their price target on shares of Automatic Data Processing from $230.00 to $190.00 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 issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $244.29.

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.