Automatic Data Processing, Inc. $ADP Position Cut by GUARDCAP ASSET MANAGEMENT Ltd

GUARDCAP ASSET MANAGEMENT Ltd trimmed its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556,909 shares of the business services provider’s stock after selling 99,893 shares during the quarter. Automatic Data Processing comprises 3.8% of GUARDCAP ASSET MANAGEMENT Ltd’s portfolio, making the stock its 14th largest holding. GUARDCAP ASSET MANAGEMENT Ltd’s holdings in Automatic Data Processing were worth $143,297,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Imprint Wealth LLC bought a new position in Automatic Data Processing in the 3rd quarter worth approximately $25,000. Y.D. More Investments Ltd bought a new stake in shares of Automatic Data Processing during the 3rd quarter worth $32,000. Board of the Pension Protection Fund bought a new stake in shares of Automatic Data Processing during the 4th quarter worth $31,000. AlphaQuest LLC bought a new stake in shares of Automatic Data Processing during the 3rd quarter worth $38,000. Finally, High Point Wealth Management LLC purchased a new stake in shares of Automatic Data Processing in the fourth quarter valued at $34,000. 80.03% of the stock is owned by institutional investors.

Insider Activity at Automatic Data Processing

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

Wall Street Analysts Forecast Growth

ADP has been the subject of a number of research analyst reports. UBS Group increased 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. Robert W. Baird reduced their target price on Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. TD Cowen upgraded Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. Guggenheim initiated coverage on Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price for the company. Finally, Wells Fargo & Company upgraded Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 target price for the company in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus price target of $249.00.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $221.84 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $329.93. The business has a fifty day simple moving average of $207.63 and a 200 day simple moving average of $230.93. The firm has a market cap of $88.68 billion, a price-to-earnings ratio of 20.69 and a beta of 0.83.

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, topping 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 business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the company earned $3.06 earnings per share. Automatic Data Processing’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. As a group, sell-side analysts predict that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a $1.70 dividend. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.1%. Automatic Data Processing’s payout ratio is presently 63.43%.

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.