Hsbc Holdings PLC Acquires 111,896 Shares of Automatic Data Processing, Inc. $ADP

Hsbc Holdings PLC raised its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,110,389 shares of the business services provider’s stock after buying an additional 111,896 shares during the period. Hsbc Holdings PLC’s holdings in Automatic Data Processing were worth $285,801,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADP. Imprint Wealth LLC bought a new stake in shares of Automatic Data Processing in the 3rd quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new position in Automatic Data Processing during the 4th quarter worth approximately $26,000. Bard Associates Inc. bought a new position in Automatic Data Processing during the 4th quarter worth approximately $28,000. Board of the Pension Protection Fund purchased a new position in Automatic Data Processing in the 4th quarter worth approximately $31,000. Finally, Y.D. More Investments Ltd purchased a new position in Automatic Data Processing in the 3rd quarter worth approximately $32,000. 80.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADP. Jefferies Financial Group dropped their price objective on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. BMO Capital Markets lowered their price target on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. Guggenheim initiated 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 for the company. Finally, Morgan Stanley cut 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 report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Automatic Data Processing has an average rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $218.41 on Friday. The stock’s 50-day moving average is $214.26 and its 200 day moving average is $228.17. The company has a market cap of $87.31 billion, a PE ratio of 20.37 and a beta of 0.84. 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, Inc. has a 1 year low of $188.16 and a 1 year high of $315.98.

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

Automatic Data Processing Announces Dividend

The firm also recently announced 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 3.1%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is currently 63.43%.

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.