Mangrove Partners IM LLC Acquires New Position in Automatic Data Processing, Inc. $ADP

Mangrove Partners IM LLC bought a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,003 shares of the business services provider’s stock, valued at approximately $1,030,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADP. Imprint Wealth LLC bought a new stake in shares of Automatic Data Processing during the third quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Automatic Data Processing during the fourth quarter valued at about $26,000. Bard Associates Inc. bought a new stake in shares of Automatic Data Processing during the fourth quarter valued at about $28,000. Board of the Pension Protection Fund bought a new stake in shares of Automatic Data Processing during the fourth quarter valued at about $31,000. Finally, Y.D. More Investments Ltd bought a new stake in shares of Automatic Data Processing during the third quarter valued at about $32,000. 80.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ADP has been the topic of several analyst reports. Cantor Fitzgerald decreased their price target on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Robert W. Baird decreased their price target on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Argus decreased their price target on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. UBS Group upped their price target on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, BMO Capital Markets cut their price objective on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Stock Down 0.5%

Shares of NASDAQ ADP opened at $222.00 on Wednesday. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98. 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 firm has a market capitalization of $88.74 billion, a price-to-earnings ratio of 20.71 and a beta of 0.84. The business has a 50-day moving average of $213.32 and a 200-day moving average of $228.75.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 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 company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the firm earned $3.06 earnings per share. Automatic Data Processing’s revenue 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. Sell-side analysts expect that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

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 issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 3.1%. Automatic Data Processing’s payout ratio is presently 63.43%.

Automatic Data Processing 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.