Harvest Fund Management Co. Ltd Has $7.77 Million Stock Holdings in Automatic Data Processing, Inc. $ADP

Harvest Fund Management Co. Ltd boosted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 15.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,199 shares of the business services provider’s stock after acquiring an additional 4,067 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Automatic Data Processing were worth $7,768,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Deseret Mutual Benefit Administrators grew its holdings in Automatic Data Processing by 4.9% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,452 shares of the business services provider’s stock worth $373,000 after acquiring an additional 68 shares during the period. Argent Advisors Inc. grew its holdings in Automatic Data Processing by 6.6% during the 4th quarter. Argent Advisors Inc. now owns 2,237 shares of the business services provider’s stock worth $575,000 after acquiring an additional 139 shares during the period. Vise Technologies Inc. grew its holdings in Automatic Data Processing by 47.0% during the 4th quarter. Vise Technologies Inc. now owns 14,616 shares of the business services provider’s stock worth $3,760,000 after acquiring an additional 4,674 shares during the period. Continuum Advisory LLC grew its holdings in Automatic Data Processing by 21.1% during the 4th quarter. Continuum Advisory LLC now owns 1,650 shares of the business services provider’s stock worth $424,000 after acquiring an additional 287 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in Automatic Data Processing by 1.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 115,826 shares of the business services provider’s stock worth $29,794,000 after acquiring an additional 1,920 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 1.6%

Shares of NASDAQ ADP opened at $231.31 on Friday. The company’s fifty day moving average is $209.43 and its 200-day moving average is $230.11. The stock has a market cap of $92.46 billion, a price-to-earnings ratio of 21.58 and a beta of 0.84. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $329.93. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data 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 net margin of 20.12% and a return on equity of 68.82%. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the business posted $3.06 earnings per share. The firm’s quarterly 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. Equities research analysts predict that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Announces Dividend

The business 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 dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 63.43%.

Insider Activity at Automatic Data Processing

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

Analyst Upgrades and Downgrades

A number of research firms have commented on ADP. Mizuho lowered their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. UBS Group lifted their price target 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. Morgan Stanley reduced their price target on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. Finally, Guggenheim started coverage on shares of Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and a consensus price target of $244.29.

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.