Graham Capital Management L.P. Buys Shares of 39,971 Automatic Data Processing, Inc. $ADP

Graham Capital Management L.P. bought a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) during the fourth quarter, Holdings Channel reports. The institutional investor bought 39,971 shares of the business services provider’s stock, valued at approximately $10,282,000.

Other large investors also recently made changes to their positions in the company. Imprint Wealth LLC bought a new stake in shares of Automatic Data Processing during the 3rd quarter worth about $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Automatic Data Processing during the 4th quarter worth about $26,000. Y.D. More Investments Ltd bought a new stake in shares of Automatic Data Processing during the 3rd quarter worth about $32,000. Bard Associates Inc. bought a new stake in shares of Automatic Data Processing during the 4th quarter worth about $28,000. Finally, Board of the Pension Protection Fund bought a new stake in shares of Automatic Data Processing during the 4th quarter worth about $31,000. Institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

ADP has been the subject of several recent analyst reports. Morgan Stanley decreased their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Robert W. Baird decreased their price target on Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. 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. Jefferies Financial Group decreased their price target on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Finally, Stifel Nicolaus decreased their price target on Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and a consensus target price of $244.29.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $222.00 on Wednesday. The business has a 50 day moving average price of $213.32 and a 200 day moving average price of $228.75. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98. The company has a market cap of $88.74 billion, a price-to-earnings ratio of 20.71 and a beta of 0.84. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63.

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 during the quarter, compared to the consensus estimate 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. Research analysts predict that Automatic Data Processing, Inc. will post 11.07 earnings per share 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 paid 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 3.1%. Automatic Data Processing’s dividend 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.