Nomura Asset Management Co. Ltd. Purchases 6,314 Shares of Automatic Data Processing, Inc. $ADP

Nomura Asset Management Co. Ltd. increased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 282,110 shares of the business services provider’s stock after purchasing an additional 6,314 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Automatic Data Processing were worth $72,567,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rockline Wealth Management LLC lifted its position in Automatic Data Processing by 1.7% during the fourth quarter. Rockline Wealth Management LLC now owns 13,816 shares of the business services provider’s stock worth $3,554,000 after purchasing an additional 227 shares during the period. Verity & Verity LLC lifted its position in Automatic Data Processing by 12.3% during the fourth quarter. Verity & Verity LLC now owns 3,847 shares of the business services provider’s stock worth $990,000 after purchasing an additional 420 shares during the period. Essex Financial Services Inc. lifted its position in Automatic Data Processing by 4.0% during the fourth quarter. Essex Financial Services Inc. now owns 6,392 shares of the business services provider’s stock worth $1,644,000 after purchasing an additional 244 shares during the period. Founders Financial Securities LLC bought a new stake in Automatic Data Processing during the fourth quarter worth about $1,768,000. Finally, MUFG Securities EMEA plc lifted its position in Automatic Data Processing by 542.0% during the fourth quarter. MUFG Securities EMEA plc now owns 49,774 shares of the business services provider’s stock worth $12,803,000 after purchasing an additional 42,021 shares during the period. Institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ADP. UBS Group upped their price objective 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. Mizuho dropped their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Argus dropped their target price on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Citigroup dropped their target price on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a report 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 investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $249.00.

Insider Transactions at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $208.45, for a total value of $113,188.35. Following the completion of the transaction, the vice president owned 8,912 shares in the company, valued at $1,857,706.40. This trade represents a 5.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Automatic Data Processing Stock Up 0.9%

Shares of NASDAQ ADP opened at $221.84 on Friday. The company has a 50 day simple moving average of $207.63 and a 200 day simple moving average of $230.93. The firm has a market cap of $88.68 billion, a PE ratio of 20.69 and a beta of 0.83. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $329.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, research analysts forecast that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is 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.