MidFirst Bank Makes New $4.02 Million Investment in Automatic Data Processing, Inc. $ADP

MidFirst Bank purchased a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 15,618 shares of the business services provider’s stock, valued at approximately $4,017,000.

A number of other large investors have also made changes to their positions in ADP. Imprint Wealth LLC acquired a new stake in shares of Automatic Data Processing in the 3rd quarter worth $25,000. Cornerstone Financial Management LLC purchased a new position in Automatic Data Processing during the 4th quarter worth $26,000. Bard Associates Inc. acquired a new position in Automatic Data Processing during the 4th quarter valued at about $28,000. Board of the Pension Protection Fund acquired a new position in Automatic Data Processing during the 4th quarter valued at about $31,000. Finally, Y.D. More Investments Ltd acquired a new position in Automatic Data Processing during the 3rd quarter valued at about $32,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on ADP. Wells Fargo & Company upgraded Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target for the company in a research note on Monday, May 18th. Cantor Fitzgerald dropped their price target on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Mizuho cut their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Citigroup decreased their price objective on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Finally, Guggenheim began coverage on shares of Automatic Data Processing in a research note on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Automatic Data Processing has a consensus rating of “Hold” and an average price target of $244.29.

Automatic Data Processing Trading Down 0.2%

Shares of NASDAQ:ADP opened at $218.41 on Friday. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98. The stock has a market cap of $87.31 billion, a price-to-earnings ratio of 20.37 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. The business has a 50-day moving average price of $213.90 and a 200-day moving average price of $228.24.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities analysts predict that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Announces Dividend

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

Automatic Data Processing Company 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.