PKO Investment Management Joint Stock Co Sells 10,000 Shares of Automatic Data Processing, Inc. $ADP

PKO Investment Management Joint Stock Co cut its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 40.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the business services provider’s stock after selling 10,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Automatic Data Processing were worth $3,048,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Imprint Wealth LLC bought a new position in Automatic Data Processing in the third quarter valued at approximately $25,000. Cornerstone Financial Management LLC bought a new stake in Automatic Data Processing during the fourth quarter worth $26,000. Bard Associates Inc. bought a new stake in Automatic Data Processing during the fourth quarter worth $28,000. Board of the Pension Protection Fund acquired a new stake in shares of Automatic Data Processing in the 4th quarter valued at $31,000. Finally, Prosperity Bancshares Inc acquired a new stake in shares of Automatic Data Processing in the 4th quarter valued at $33,000. Institutional investors own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

ADP has been the subject of a number of research analyst reports. BMO Capital Markets lowered their price target 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. Morgan Stanley reduced their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 28th. Citigroup decreased their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. UBS Group boosted their target price on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, Cantor Fitzgerald dropped their target price on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $214.60 on Tuesday. The firm’s fifty day moving average price is $214.63 and its two-hundred day moving average price is $227.68. The stock has a market cap of $85.78 billion, a PE ratio of 20.02 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.85 billion. During the same period in the prior year, the company earned $3.06 EPS. Automatic Data Processing’s revenue 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. On average, equities analysts expect that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be given a $1.70 dividend. The ex-dividend date is Friday, June 12th. This represents a $6.80 annualized dividend and a yield of 3.2%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 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.