Wendell David Associates Inc. Trims Stock Position in Automatic Data Processing, Inc. $ADP

Wendell David Associates Inc. trimmed its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 172,904 shares of the business services provider’s stock after selling 2,236 shares during the period. Automatic Data Processing comprises approximately 3.8% of Wendell David Associates Inc.’s investment portfolio, making the stock its 7th biggest position. Wendell David Associates Inc.’s holdings in Automatic Data Processing were worth $35,131,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Hilltop Holdings Inc. bought a new stake in shares of Automatic Data Processing in the 3rd quarter valued at $5,292,000. Jefferies Financial Group Inc. bought a new position in Automatic Data Processing during the third quarter worth $2,794,000. Horizon Investments LLC raised its stake in Automatic Data Processing by 34.1% during the fourth quarter. Horizon Investments LLC now owns 26,144 shares of the business services provider’s stock worth $6,725,000 after buying an additional 6,655 shares during the last quarter. Compass Capital Management Inc. lifted its holdings in Automatic Data Processing by 3.0% in the fourth quarter. Compass Capital Management Inc. now owns 203,710 shares of the business services provider’s stock valued at $52,400,000 after buying an additional 5,899 shares during the period. Finally, Elevation Point Wealth Partners LLC lifted its holdings in Automatic Data Processing by 181.5% in the third quarter. Elevation Point Wealth Partners LLC now owns 16,789 shares of the business services provider’s stock valued at $4,950,000 after buying an additional 10,824 shares during the period. 80.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ADP shares. TD Cowen raised Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. 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 note on Tuesday, April 7th. Stifel Nicolaus lowered their target price on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. Jefferies Financial Group dropped their price target on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Finally, Citigroup cut their price target on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and a consensus target price of $244.29.

Automatic Data Processing Trading Down 0.5%

ADP opened at $223.95 on Wednesday. The company has a fifty day moving average price of $217.67 and a two-hundred day moving average price of $226.07. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $315.98. The company has a market cap of $89.52 billion, a P/E ratio of 20.89 and a beta of 0.84. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The business’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Analysts predict that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

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