MCF Advisors LLC Has $1.47 Million Position in Automatic Data Processing, Inc. $ADP

MCF Advisors LLC boosted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 112.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,675 shares of the business services provider’s stock after buying an additional 3,005 shares during the period. MCF Advisors LLC’s holdings in Automatic Data Processing were worth $1,469,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ADP. Imprint Wealth LLC acquired a new stake in Automatic Data Processing during the third quarter worth about $25,000. Board of the Pension Protection Fund acquired a new stake in Automatic Data Processing during the fourth quarter worth about $31,000. Y.D. More Investments Ltd acquired a new stake in Automatic Data Processing during the third quarter worth about $32,000. High Point Wealth Management LLC acquired a new stake in Automatic Data Processing during the fourth quarter worth about $34,000. Finally, AlphaQuest LLC acquired a new stake in Automatic Data Processing during the third quarter worth about $38,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADP has been the topic of a number of research analyst reports. Argus reduced their target price on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Stifel Nicolaus lowered their price target on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. TD Cowen raised Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. Robert W. Baird lowered their price target on Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Finally, Mizuho dropped their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $244.29.

Insider Buying and Selling

In related news, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $208.45, for a total transaction of $113,188.35. Following the sale, the vice president directly owned 8,912 shares in the company, valued at $1,857,706.40. This trade represents a 5.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Automatic Data Processing Trading Up 0.3%

ADP opened at $231.95 on Friday. The company’s 50 day moving average is $210.02 and its 200-day moving average is $230.12. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $329.93. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The company has a market cap of $92.72 billion, a P/E ratio of 21.64 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data 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 company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the business posted $3.06 EPS. Automatic Data Processing’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. Equities research 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 announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a dividend of $1.70 per share. The ex-dividend date is Friday, June 12th. This represents a $6.80 annualized dividend and a yield of 2.9%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 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.