Keybank National Association OH Cuts Position in Automatic Data Processing, Inc. $ADP

Keybank National Association OH trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 183,091 shares of the business services provider’s stock after selling 7,474 shares during the quarter. Keybank National Association OH’s holdings in Automatic Data Processing were worth $37,200,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in Automatic Data Processing by 92.1% during the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock worth $2,935,000 after purchasing an additional 4,808 shares during the period. Bison Wealth LLC lifted its stake in shares of Automatic Data Processing by 22.8% during the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock worth $1,073,000 after purchasing an additional 681 shares in the last quarter. Schnieders Capital Management LLC. boosted its position in shares of Automatic Data Processing by 21.8% in the second quarter. Schnieders Capital Management LLC. now owns 1,259 shares of the business services provider’s stock worth $388,000 after buying an additional 225 shares during the period. Osterweis Capital Management Inc. purchased a new stake in shares of Automatic Data Processing in the second quarter worth about $108,000. Finally, Diversify Advisory Services LLC grew its stake in shares of Automatic Data Processing by 17.5% in the second quarter. Diversify Advisory Services LLC now owns 5,477 shares of the business services provider’s stock valued at $1,641,000 after buying an additional 815 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Up 2.8%

Shares of NASDAQ ADP opened at $242.27 on Friday. 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’s 50-day simple moving average is $219.13 and its 200-day simple moving average is $225.70. The firm has a market cap of $96.84 billion, a price-to-earnings ratio of 22.60 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last issued 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 firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the business posted $3.06 earnings per share. Automatic Data Processing’s revenue for the quarter 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. As a group, equities analysts anticipate that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, June 12th. Automatic Data Processing’s dividend payout ratio is 63.43%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stifel Nicolaus dropped their target price on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. Argus lowered their price objective on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. TD Cowen upgraded shares of Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. Mizuho dropped their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Finally, UBS Group boosted their target price on shares of Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $244.29.

About Automatic Data Processing

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.