Brasada Capital Management LP Has $549,000 Stock Holdings in Automatic Data Processing, Inc. $ADP

Brasada Capital Management LP decreased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 56.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,171 shares of the business services provider’s stock after selling 2,760 shares during the period. Brasada Capital Management LP’s holdings in Automatic Data Processing were worth $549,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Imprint Wealth LLC acquired a new stake in shares of Automatic Data Processing in the third quarter valued at about $25,000. Board of the Pension Protection Fund acquired a new stake in shares of Automatic Data Processing in the fourth quarter valued at about $31,000. Y.D. More Investments Ltd acquired a new stake in shares of Automatic Data Processing in the third quarter valued at about $32,000. High Point Wealth Management LLC acquired a new stake in shares of Automatic Data Processing in the fourth quarter valued at about $34,000. Finally, Wilkerson Advisory Group LLC acquired a new stake in shares of Automatic Data Processing in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ADP shares. Citigroup decreased their price target on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Guggenheim started coverage on Automatic Data Processing in a research note on Thursday, March 19th. They issued a “buy” rating and a $270.00 price target for the company. UBS Group increased their price target on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Mizuho decreased their price target on Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Finally, Morgan Stanley cut their target price on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing Stock Up 0.2%

Shares of Automatic Data Processing stock opened at $226.21 on Friday. 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 current ratio of 1.04 and a quick ratio of 1.04. The stock’s 50-day moving average is $212.58 and its 200 day moving average is $229.36. The firm has a market cap of $90.42 billion, a price-to-earnings ratio of 21.10 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last announced its 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 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 analyst estimates of $5.85 billion. During the same quarter in the prior year, the company earned $3.06 EPS. The firm’s revenue for the quarter 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 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 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 dividend yield of 3.0%. Automatic Data Processing’s dividend payout ratio is presently 63.43%.

Insider Activity at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 543 shares of the company’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 in the company, valued at $1,857,706.40. This represents a 5.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by insiders.

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.