Oregon Public Employees Retirement Fund Buys 11,301 Shares of Automatic Data Processing, Inc. $ADP

Oregon Public Employees Retirement Fund grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 32.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 46,307 shares of the business services provider’s stock after acquiring an additional 11,301 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Automatic Data Processing were worth $13,591,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADP. Harbor Asset Planning Inc. purchased a new position in Automatic Data Processing during the second quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Automatic Data Processing in the 2nd quarter worth approximately $26,000. Howard Hughes Medical Institute bought a new position in Automatic Data Processing in the 2nd quarter valued at $27,000. Solstein Capital LLC bought a new position in Automatic Data Processing in the 2nd quarter valued at $28,000. Finally, Westside Investment Management Inc. grew its position in shares of Automatic Data Processing by 80.0% during the 2nd quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 40 shares in the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Price Performance

ADP opened at $266.02 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $107.59 billion, a P/E ratio of 26.26 and a beta of 0.86. The stock has a 50-day moving average price of $257.60 and a 200-day moving average price of $283.13. Automatic Data Processing, Inc. has a 12-month low of $247.18 and a 12-month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. The company had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.Automatic Data Processing’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 1st. Stockholders of record on Friday, December 12th were paid a $1.70 dividend. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date of this dividend was Friday, December 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.6%. Automatic Data Processing’s dividend payout ratio is currently 67.13%.

Insider Activity

In related news, VP David Kwon sold 900 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $260.00, for a total transaction of $234,000.00. Following the transaction, the vice president owned 11,993 shares of the company’s stock, valued at approximately $3,118,180. This trade represents a 6.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price objective on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Wells Fargo & Company decreased their target price on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a research note on Thursday, October 30th. Citigroup started coverage on Automatic Data Processing in a report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday, December 29th. Finally, UBS Group decreased their price objective on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $306.42.

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.