Hantz Financial Services Inc. Acquires 11,200 Shares of Automatic Data Processing, Inc. $ADP

Hantz Financial Services Inc. boosted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 93.6% during the 4th quarter, Holdings Channel reports. The fund owned 23,160 shares of the business services provider’s stock after buying an additional 11,200 shares during the period. Hantz Financial Services Inc.’s holdings in Automatic Data Processing were worth $5,957,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADP. Van Cleef Asset Management Inc boosted its holdings in shares of Automatic Data Processing by 24.1% in the 4th quarter. Van Cleef Asset Management Inc now owns 15,766 shares of the business services provider’s stock valued at $4,055,000 after buying an additional 3,065 shares in the last quarter. Life Cycle Investment Partners Ltd bought a new stake in shares of Automatic Data Processing in the 4th quarter valued at about $136,707,000. Shelter Rock Management LLC bought a new stake in shares of Automatic Data Processing in the 4th quarter valued at about $920,000. Jefferies Financial Group Inc. boosted its holdings in shares of Automatic Data Processing by 439.2% in the 4th quarter. Jefferies Financial Group Inc. now owns 51,341 shares of the business services provider’s stock valued at $13,206,000 after buying an additional 41,820 shares in the last quarter. Finally, MQS Management LLC boosted its holdings in shares of Automatic Data Processing by 117.7% in the 4th quarter. MQS Management LLC now owns 3,917 shares of the business services provider’s stock valued at $1,008,000 after buying an additional 2,118 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors.

Insider Activity at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were 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 of the company’s stock, valued at $1,857,706.40. This trade represents a 5.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $225.31 on Tuesday. The firm has a market capitalization of $90.06 billion, a P/E ratio of 21.02 and a beta of 0.83. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average price of $206.78 and a 200 day moving average price of $231.77. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $329.93.

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

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 63.43%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald lowered their price target on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Robert W. Baird lowered their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. 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 on the stock in a report on Tuesday, April 7th. Wells Fargo & Company upgraded shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target on the stock in a report on Monday, May 18th. Finally, Morgan Stanley lowered 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 research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $249.00.

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.