SG Americas Securities LLC Raises Holdings in Automatic Data Processing, Inc. $ADP

SG Americas Securities LLC boosted its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 20.0% during the first quarter, Holdings Channel.com reports. The fund owned 635,921 shares of the business services provider’s stock after purchasing an additional 105,819 shares during the quarter. SG Americas Securities LLC’s holdings in Automatic Data Processing were worth $129,206,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Imprint Wealth LLC purchased a new position in shares of Automatic Data Processing in the 3rd quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Automatic Data Processing in the 4th quarter valued at about $26,000. Bard Associates Inc. purchased a new stake in shares of Automatic Data Processing during the 4th quarter worth about $28,000. Board of the Pension Protection Fund purchased a new stake in shares of Automatic Data Processing during the 4th quarter worth about $31,000. Finally, Y.D. More Investments Ltd acquired a new stake in Automatic Data Processing during the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

ADP has been the topic of several research reports. Guggenheim assumed coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 price target on the stock. BMO Capital Markets decreased their price objective on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research note on Tuesday, April 7th. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. Citigroup cut their target price on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Finally, Jefferies Financial Group reduced their target price on shares of Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. One 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 given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Price Performance

ADP stock opened at $218.41 on Monday. The firm has a market cap of $87.31 billion, a P/E ratio of 20.37 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 1 year low of $188.16 and a 1 year high of $315.98. The stock has a 50-day simple moving average of $214.26 and a 200-day simple moving average of $227.98.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results 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. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.Automatic Data Processing’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities analysts predict that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.1%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 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.