Clearstead Trust LLC Has $4.18 Million Position in Automatic Data Processing, Inc. $ADP

Clearstead Trust LLC increased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 17.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,243 shares of the business services provider’s stock after purchasing an additional 2,403 shares during the quarter. Automatic Data Processing comprises approximately 0.7% of Clearstead Trust LLC’s portfolio, making the stock its 25th biggest holding. Clearstead Trust LLC’s holdings in Automatic Data Processing were worth $4,178,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in ADP. Imprint Wealth LLC bought a new stake in shares of Automatic Data Processing during the 3rd quarter valued at $25,000. Cloud Capital Management LLC bought a new stake in shares of Automatic Data Processing during the 3rd quarter valued at $29,000. Board of the Pension Protection Fund bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at $31,000. Y.D. More Investments Ltd bought a new stake in shares of Automatic Data Processing during the 3rd quarter valued at $32,000. Finally, High Point Wealth Management LLC bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at $34,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Mizuho cut their target price on Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Jefferies Financial Group cut their target price on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Citigroup cut their target price on 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. JPMorgan Chase & Co. cut their target price on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating for the company in a research report on Thursday, January 29th. Finally, Argus cut their target price on 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Automatic Data Processing presently has a consensus rating of “Hold” and an average target price of $249.00.

Insider Activity at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the sale, the vice president owned 8,912 shares in the company, valued at $1,857,706.40. The trade was a 5.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $225.31 on Monday. 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 52 week low of $188.16 and a 52 week high of $329.93. The stock has a market capitalization of $90.06 billion, a P/E ratio of 21.02 and a beta of 0.83. The stock has a fifty day moving average of $206.43 and a 200-day moving average of $232.01.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly 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. 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 quarter in the previous year, the firm earned $3.06 EPS. Automatic Data Processing’s revenue 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. On average, sell-side analysts expect that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.0%. Automatic Data Processing’s payout ratio is 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.