Valley National Advisers Inc. Purchases 7,202 Shares of Automatic Data Processing, Inc. $ADP

Valley National Advisers Inc. lifted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 794.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 8,109 shares of the business services provider’s stock after buying an additional 7,202 shares during the quarter. Valley National Advisers Inc.’s holdings in Automatic Data Processing were worth $2,379,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management boosted its stake in Automatic Data Processing by 2,600.0% during the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 78 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in shares of Automatic Data Processing during the second quarter valued at $26,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Automatic Data Processing during the second quarter valued at $26,000. Howard Hughes Medical Institute bought a new stake in Automatic Data Processing in the 2nd quarter worth about $27,000. Finally, Solstein Capital LLC purchased a new position in Automatic Data Processing in the 2nd quarter worth about $28,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP opened at $258.84 on Friday. Automatic Data Processing, Inc. has a 12-month low of $247.18 and a 12-month high of $329.93. The firm has a market capitalization of $104.69 billion, a price-to-earnings ratio of 25.55 and a beta of 0.86. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $260.77 and a 200 day moving average of $286.34.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.05. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The business had revenue of $5.18 billion for the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter last year, the company posted $2.33 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 1st. Investors of record on Friday, December 12th will be given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 2.6%. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date is Friday, December 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 67.13%.

Wall Street Analysts Forecast Growth

ADP has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. lowered their price objective on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Citigroup assumed coverage on shares of Automatic Data Processing in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 target price for the company. Jefferies Financial Group reissued an “underperform” rating and set a $230.00 price target (down from $245.00) on shares of Automatic Data Processing in a report on Tuesday, December 16th. Finally, UBS Group dropped their price target on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $306.42.

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.