Barclays PLC Has $573.63 Million Holdings in Automatic Data Processing, Inc. $ADP

Barclays PLC lessened its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,230,041 shares of the business services provider’s stock after selling 145,152 shares during the quarter. Barclays PLC’s holdings in Automatic Data Processing were worth $573,633,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ADP. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing during the 3rd quarter worth approximately $25,000. Bard Associates Inc. acquired a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $28,000. Board of the Pension Protection Fund acquired a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $31,000. Y.D. More Investments Ltd acquired a new position in shares of Automatic Data Processing during the 3rd quarter worth approximately $32,000. Finally, High Point Wealth Management LLC acquired a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ADP shares. Argus decreased their target price on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Guggenheim started coverage on shares of Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 target price on the stock. Morgan Stanley reduced 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 research report on Tuesday, April 28th. BMO Capital Markets reduced 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 research report on Tuesday, April 7th. Finally, Cantor Fitzgerald reduced 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 research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $226.21 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $90.42 billion, a price-to-earnings ratio of 21.10 and a beta of 0.84. The firm’s 50 day simple moving average is $212.58 and its 200 day simple moving average is $229.36. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly 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. The business had revenue of $5.94 billion for 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%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, research analysts expect that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal 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 paid 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 is presently 63.43%.

Insider Buying and Selling

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 owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This represents a 5.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by insiders.

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.