William Allan Corp Has $6.38 Million Stake in Automatic Data Processing, Inc. $ADP

William Allan Corp lifted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 19.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,818 shares of the business services provider’s stock after acquiring an additional 4,028 shares during the period. Automatic Data Processing makes up approximately 3.6% of William Allan Corp’s portfolio, making the stock its 7th biggest position. William Allan Corp’s holdings in Automatic Data Processing were worth $6,384,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ADP. Imprint Wealth LLC bought a new position in shares of Automatic Data Processing in the 3rd quarter worth about $25,000. Board of the Pension Protection Fund bought a new position in shares of Automatic Data Processing in the 4th quarter worth about $31,000. Y.D. More Investments Ltd bought a new position in shares of Automatic Data Processing in the 3rd quarter worth about $32,000. High Point Wealth Management LLC bought a new position in shares of Automatic Data Processing in the 4th quarter worth about $34,000. Finally, AlphaQuest LLC bought a new position in shares of Automatic Data Processing in the 3rd quarter worth about $38,000. 80.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

ADP has been the subject of several research analyst reports. Jefferies Financial Group lowered their price objective on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Stifel Nicolaus lowered their price objective on Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. Cantor Fitzgerald decreased their target price on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. BMO Capital Markets decreased their target price on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. Finally, UBS Group boosted their target price on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $244.29.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $225.77 on Friday. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $315.98. The firm has a market capitalization of $90.25 billion, a price-to-earnings ratio of 21.06 and a beta of 0.84. The business has a 50-day simple moving average of $212.08 and a 200 day simple moving average of $229.38. 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 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 business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period in the previous year, the company posted $3.06 EPS. The firm’s revenue was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, research analysts anticipate that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders 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 yield of 3.0%. Automatic Data Processing’s payout ratio is 63.43%.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the completion of the transaction, the vice president owned 8,912 shares in the company, valued at approximately $1,857,706.40. The trade was a 5.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

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.