Automatic Data Processing, Inc. $ADP Shares Bought by Synergy Asset Management LLC

Synergy Asset Management LLC grew its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 89.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,095 shares of the business services provider’s stock after buying an additional 2,407 shares during the period. Synergy Asset Management LLC’s holdings in Automatic Data Processing were worth $1,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Automatic Data Processing by 0.9% during the second quarter. Vanguard Group Inc. now owns 41,300,182 shares of the business services provider’s stock worth $12,736,976,000 after purchasing an additional 350,298 shares during the last quarter. State Street Corp increased its stake in Automatic Data Processing by 1.0% in the second quarter. State Street Corp now owns 18,782,407 shares of the business services provider’s stock valued at $5,820,445,000 after purchasing an additional 187,415 shares during the last quarter. Geode Capital Management LLC raised its holdings in Automatic Data Processing by 3.1% during the second quarter. Geode Capital Management LLC now owns 11,388,935 shares of the business services provider’s stock worth $3,511,698,000 after purchasing an additional 345,798 shares in the last quarter. Laurel Wealth Advisors LLC raised its holdings in Automatic Data Processing by 30,110.7% during the second quarter. Laurel Wealth Advisors LLC now owns 4,668,758 shares of the business services provider’s stock worth $1,439,845,000 after purchasing an additional 4,653,304 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Automatic Data Processing by 13.5% during the 2nd quarter. Invesco Ltd. now owns 4,576,681 shares of the business services provider’s stock worth $1,411,449,000 after buying an additional 544,968 shares during the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Trading Down 1.7%

NASDAQ ADP opened at $252.88 on Friday. The firm’s fifty day moving average is $258.23 and its two-hundred day moving average is $284.54. Automatic Data Processing, Inc. has a one year low of $247.18 and a one year high of $329.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $102.28 billion, a PE ratio of 24.96 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last announced its 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 during the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the firm earned $2.33 earnings per share. The business’s quarterly 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. Analysts expect 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 was paid on Thursday, January 1st. Shareholders of record on Friday, December 12th were paid a $1.70 dividend. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.54. The ex-dividend date was Friday, December 12th. This represents a $6.80 annualized dividend and a dividend yield of 2.7%. Automatic Data Processing’s dividend payout ratio (DPR) is 67.13%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ADP. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Wells Fargo & Company decreased their price objective on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Jefferies Financial Group reaffirmed an “underperform” rating and set a $230.00 price objective (down previously from $245.00) on shares of Automatic Data Processing in a report on Tuesday, December 16th. JPMorgan Chase & Co. reduced their target price on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Finally, Citigroup started coverage on 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. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $306.42.

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.