Nations Financial Group Inc. IA ADV Trims Stock Position in Automatic Data Processing, Inc. $ADP

Nations Financial Group Inc. IA ADV lowered its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 42.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 12,027 shares of the business services provider’s stock after selling 9,052 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Automatic Data Processing were worth $2,444,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Imprint Wealth LLC purchased a new position in shares of Automatic Data Processing during the 3rd quarter worth $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of Automatic Data Processing in the 4th quarter worth $26,000. Y.D. More Investments Ltd purchased a new stake in shares of Automatic Data Processing in the 3rd quarter worth $32,000. Bard Associates Inc. bought a new position in Automatic Data Processing in the 4th quarter worth $28,000. Finally, Board of the Pension Protection Fund bought a new position in Automatic Data Processing in the 4th quarter worth $31,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $218.41 on Monday. The firm has a market cap of $87.31 billion, a price-to-earnings ratio of 20.37 and a beta of 0.84. 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 business has a 50-day moving average price of $214.26 and a 200-day moving average price of $227.98. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98.

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. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $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 EPS 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. Shareholders of record on Friday, June 12th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is 63.43%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company raised Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target for the company in a report on Monday, May 18th. UBS Group raised their price objective on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Robert W. Baird lowered their price objective on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Mizuho cut their price objective on Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Finally, TD Cowen upgraded Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $244.29.

Automatic Data Processing Company 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.