Automatic Data Processing, Inc. $ADP Stock Holdings Lessened by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC cut its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 38.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,630 shares of the business services provider’s stock after selling 4,140 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Automatic Data Processing were worth $1,347,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ADP. GHP Investment Advisors Inc. boosted its stake in Automatic Data Processing by 0.8% in the first quarter. GHP Investment Advisors Inc. now owns 31,272 shares of the business services provider’s stock valued at $6,354,000 after acquiring an additional 237 shares during the period. Falcon Wealth Planning raised its position in shares of Automatic Data Processing by 25.5% during the 1st quarter. Falcon Wealth Planning now owns 1,137 shares of the business services provider’s stock worth $231,000 after purchasing an additional 231 shares during the period. Grey Ledge Advisors LLC lifted its holdings in shares of Automatic Data Processing by 10.5% in the 1st quarter. Grey Ledge Advisors LLC now owns 5,539 shares of the business services provider’s stock worth $1,125,000 after purchasing an additional 527 shares during the last quarter. Urban Wealth Management LLC boosted its position in Automatic Data Processing by 43.0% during the 1st quarter. Urban Wealth Management LLC now owns 1,354 shares of the business services provider’s stock valued at $275,000 after purchasing an additional 407 shares during the period. Finally, Meyer Handelman Co. boosted its position in Automatic Data Processing by 3.7% during the 1st quarter. Meyer Handelman Co. now owns 88,198 shares of the business services provider’s stock valued at $17,920,000 after purchasing an additional 3,138 shares during the period. Institutional investors own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ADP. Cantor Fitzgerald dropped their target price on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Stifel Nicolaus reduced their price target on shares of Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. Wells Fargo & Company upgraded shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target for the company in a research report on Monday, May 18th. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. Finally, 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 research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $223.55 on Friday. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month 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 firm has a market capitalization of $89.36 billion, a price-to-earnings ratio of 20.85 and a beta of 0.84. The business has a 50 day simple moving average of $216.71 and a 200 day simple moving average of $226.78.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating 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 firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the business earned $3.06 EPS. The firm’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. On average, equities research analysts anticipate that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

Automatic Data Processing Announces Dividend

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 dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis 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%.

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.