World Investment Advisors Has $7.22 Million Stock Holdings in Automatic Data Processing, Inc. $ADP

World Investment Advisors raised its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 164.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 28,062 shares of the business services provider’s stock after buying an additional 17,434 shares during the period. World Investment Advisors’ holdings in Automatic Data Processing were worth $7,218,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Imprint Wealth LLC acquired a new stake in shares of Automatic Data Processing during the 3rd quarter worth approximately $25,000. Cloud Capital Management LLC acquired a new position in Automatic Data Processing in the third quarter valued at approximately $29,000. Y.D. More Investments Ltd bought a new position in Automatic Data Processing in the third quarter valued at approximately $32,000. Board of the Pension Protection Fund acquired a new stake in Automatic Data Processing during the 4th quarter worth $31,000. Finally, AlphaQuest LLC acquired a new stake in Automatic Data Processing during the 3rd quarter worth $38,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Trading Down 2.4%

ADP opened at $208.63 on Thursday. The firm’s fifty day moving average is $206.50 and its two-hundred day moving average is $234.47. The firm has a market cap of $83.40 billion, a PE ratio of 19.46 and a beta of 0.83. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $329.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating 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 firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 11.07 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. Shareholders of record on Friday, June 12th will be issued a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is 63.43%.

Automatic Data Processing announced that its Board of Directors has approved a stock repurchase program on Wednesday, January 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 5.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ADP. Wells Fargo & Company cut their price target on Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating on the stock in a research note on Friday, March 27th. Mizuho decreased their price objective on Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. BMO Capital Markets cut their target price on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Guggenheim began coverage on Automatic Data Processing in a report on Thursday, March 19th. They set a “buy” rating and a $270.00 target price on the stock. Finally, Morgan Stanley decreased their target price on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $253.50.

Insider Activity

In other news, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the sale, the vice president owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This trade represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

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.