USS Investment Management Ltd Raises Holdings in Automatic Data Processing, Inc. $ADP

USS Investment Management Ltd raised its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 10.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,079 shares of the business services provider’s stock after purchasing an additional 7,191 shares during the period. USS Investment Management Ltd’s holdings in Automatic Data Processing were worth $15,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. IFM Investors Pty Ltd increased its position in shares of Automatic Data Processing by 3.6% in the 1st quarter. IFM Investors Pty Ltd now owns 80,580 shares of the business services provider’s stock valued at $16,372,000 after purchasing an additional 2,802 shares during the last quarter. Rexford Capital Inc. lifted its position in shares of Automatic Data Processing by 8.0% during the 1st quarter. Rexford Capital Inc. now owns 852 shares of the business services provider’s stock worth $173,000 after purchasing an additional 63 shares during the last quarter. Bayban lifted its position in shares of Automatic Data Processing by 512.8% during the 1st quarter. Bayban now owns 2,868 shares of the business services provider’s stock worth $583,000 after purchasing an additional 2,400 shares during the last quarter. Key Financial Inc lifted its position in shares of Automatic Data Processing by 2.5% during the 1st quarter. Key Financial Inc now owns 10,781 shares of the business services provider’s stock worth $2,190,000 after purchasing an additional 258 shares during the last quarter. Finally, Impact Partnership Wealth LLC acquired a new position in shares of Automatic Data Processing during the first quarter worth $463,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADP has been the topic of several recent analyst reports. Citigroup dropped their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. BMO Capital Markets decreased their price target on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. 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. Wells Fargo & Company upgraded Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price objective on the stock in a report on Monday, May 18th. Finally, Morgan Stanley cut their target price on 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. 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. According to MarketBeat.com, Automatic Data Processing presently has a consensus rating of “Hold” and an average price target of $244.29.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $235.73 on Thursday. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98. The firm has a market capitalization of $94.23 billion, a P/E ratio of 21.99 and a beta of 0.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The company’s fifty day moving average price is $218.34 and its 200 day moving average price is $225.87.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.07. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. Automatic Data Processing’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.06 earnings per share. 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 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

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

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.