Center for Wealth Management Advisory Acquires Shares of 6,951 Automatic Data Processing, Inc. $ADP

Center for Wealth Management Advisory acquired a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,951 shares of the business services provider’s stock, valued at approximately $1,412,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Letson Investment Management Inc. boosted its position in shares of Automatic Data Processing by 13.4% in the first quarter. Letson Investment Management Inc. now owns 22,911 shares of the business services provider’s stock worth $4,655,000 after buying an additional 2,716 shares during the period. Essex Financial Services Inc. raised its holdings in shares of Automatic Data Processing by 0.8% during the 1st quarter. Essex Financial Services Inc. now owns 6,444 shares of the business services provider’s stock valued at $1,309,000 after buying an additional 52 shares during the period. Lederer & Associates Investment Counsel CA raised its holdings in shares of Automatic Data Processing by 1.8% during the 1st quarter. Lederer & Associates Investment Counsel CA now owns 10,587 shares of the business services provider’s stock valued at $2,151,000 after buying an additional 184 shares during the period. USS Investment Management Ltd lifted its position in Automatic Data Processing by 10.4% during the 1st quarter. USS Investment Management Ltd now owns 76,079 shares of the business services provider’s stock worth $15,458,000 after acquiring an additional 7,191 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its position in Automatic Data Processing by 3.6% during the 1st quarter. IFM Investors Pty Ltd now owns 80,580 shares of the business services provider’s stock worth $16,372,000 after acquiring an additional 2,802 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 5.3%

Shares of ADP opened at $235.73 on Thursday. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $315.98. The stock has a 50-day moving average price of $218.34 and a 200 day moving average price of $225.87. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The company has a market capitalization of $94.23 billion, a P/E ratio of 21.99 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data 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. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the business earned $3.06 EPS. Automatic Data Processing’s revenue for the quarter 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. Sell-side analysts forecast that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Friday, June 12th. Automatic Data Processing’s payout ratio is 63.43%.

Analyst Ratings Changes

Several analysts have issued reports on ADP shares. 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 report on Tuesday, May 5th. Robert W. Baird reduced their target price on shares of Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Jefferies Financial Group decreased their target price on shares of Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Guggenheim started coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They set a “buy” rating and a $270.00 price target for the company. Finally, BMO Capital Markets dropped 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 note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing 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.