Fort Washington Investment Advisors Inc. OH Purchases 46,079 Shares of Automatic Data Processing, Inc. $ADP

Fort Washington Investment Advisors Inc. OH boosted its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 28.8% in the 1st quarter, HoldingsChannel reports. The firm owned 206,310 shares of the business services provider’s stock after acquiring an additional 46,079 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Automatic Data Processing were worth $41,918,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hilltop Holdings Inc. acquired a new position in Automatic Data Processing during the 3rd quarter worth about $5,292,000. Jefferies Financial Group Inc. acquired a new stake in shares of Automatic Data Processing in the third quarter valued at about $2,794,000. Horizon Investments LLC raised its position in shares of Automatic Data Processing by 34.1% during the fourth quarter. Horizon Investments LLC now owns 26,144 shares of the business services provider’s stock worth $6,725,000 after acquiring an additional 6,655 shares during the last quarter. Elevation Point Wealth Partners LLC raised its position in shares of Automatic Data Processing by 181.5% during the third quarter. Elevation Point Wealth Partners LLC now owns 16,789 shares of the business services provider’s stock worth $4,950,000 after acquiring an additional 10,824 shares during the last quarter. Finally, Compass Capital Management Inc. lifted its stake in shares of Automatic Data Processing by 3.0% in the fourth quarter. Compass Capital Management Inc. now owns 203,710 shares of the business services provider’s stock worth $52,400,000 after acquiring an additional 5,899 shares during the period. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Up 3.3%

Automatic Data Processing stock opened at $223.55 on Friday. 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, Inc. has a 12-month low of $188.16 and a 12-month high of $315.98. The firm’s fifty day moving average is $216.71 and its 200 day moving average is $226.78. The company has a market capitalization of $89.36 billion, a PE ratio of 20.85 and a beta of 0.84.

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 for the quarter, beating the consensus estimate of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the firm posted $3.06 earnings per share. The business’s revenue was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, sell-side analysts predict that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

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 given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s payout ratio is presently 63.43%.

Wall Street Analysts Forecast Growth

ADP has been the topic of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. TD Cowen upgraded shares of Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. Mizuho lowered their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Guggenheim assumed coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price on the stock. Finally, Jefferies Financial Group cut their price target on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. One 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.