UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stock Position in Automatic Data Processing, Inc. $ADP

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,386,321 shares of the business services provider’s stock after acquiring an additional 43,676 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Automatic Data Processing were worth $871,063,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Imprint Wealth LLC purchased a new position in shares of Automatic Data Processing in the third quarter valued at approximately $25,000. Y.D. More Investments Ltd purchased a new position in shares of Automatic Data Processing in the third quarter valued at approximately $32,000. Board of the Pension Protection Fund purchased a new position in shares of Automatic Data Processing in the fourth quarter valued at approximately $31,000. AlphaQuest LLC purchased a new position in shares of Automatic Data Processing in the third quarter valued at approximately $38,000. Finally, High Point Wealth Management LLC purchased a new position in shares of Automatic Data Processing in the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on ADP shares. Cantor Fitzgerald lowered their price objective on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Argus lowered their price objective on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. BMO Capital Markets lowered their price objective on shares of 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. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. Finally, Citigroup lowered their price objective on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. One equities research 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $244.29.

Insiders Place Their Bets

In related news, VP Christopher D’ambrosio sold 543 shares of the firm’s 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 sale, the vice president owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This trade represents a 5.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.20% of the stock is currently owned by company insiders.

Automatic Data Processing Stock Up 0.2%

Shares of NASDAQ:ADP opened at $226.21 on Friday. The firm’s 50 day moving average price is $212.58 and its 200 day moving average price is $229.36. The stock has a market cap of $90.42 billion, a price-to-earnings ratio of 21.10 and a beta of 0.84. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $315.98. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.07. The firm 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 firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, equities research analysts predict that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

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

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.