World Investment Advisors Has $7.22 Million Stock Position in Automatic Data Processing, Inc. $ADP

World Investment Advisors grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 164.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,062 shares of the business services provider’s stock after purchasing an additional 17,434 shares during the quarter. World Investment Advisors’ holdings in Automatic Data Processing were worth $7,219,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing during the 3rd quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $26,000. Bard Associates Inc. acquired a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $28,000. Cloud Capital Management LLC acquired a new position in shares of Automatic Data Processing during the 3rd quarter worth approximately $29,000. Finally, Board of the Pension Protection Fund acquired a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Jefferies Financial Group decreased their target price on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. Stifel Nicolaus decreased their target price on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. Argus decreased their target price on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Citigroup decreased their target price 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. Finally, Mizuho decreased their target price on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $253.50.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP opened at $213.81 on Wednesday. The firm has a market cap of $85.47 billion, a price-to-earnings ratio of 19.94 and a beta of 0.83. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $329.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The stock’s fifty day moving average price is $206.62 and its two-hundred day moving average price is $234.98.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period in the prior year, the firm posted $3.06 EPS. Automatic Data Processing’s quarterly revenue was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities analysts forecast that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be given a $1.70 dividend. The ex-dividend date is Friday, June 12th. This represents a $6.80 annualized dividend and a yield of 3.2%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.43%.

Automatic Data Processing declared that its board has approved a stock repurchase plan on Wednesday, January 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the business services provider to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

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

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.