Boston Trust Walden Corp Cuts Stock Position in Automatic Data Processing, Inc. $ADP

Boston Trust Walden Corp lessened its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 409,225 shares of the business services provider’s stock after selling 8,933 shares during the quarter. Boston Trust Walden Corp’s holdings in Automatic Data Processing were worth $83,146,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mitchell & Pahl Private Wealth LLC lifted its holdings in Automatic Data Processing by 9.7% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 9,724 shares of the business services provider’s stock worth $1,976,000 after buying an additional 857 shares in the last quarter. Heritage Investors Management Corp grew its stake in Automatic Data Processing by 4.2% during the 1st quarter. Heritage Investors Management Corp now owns 73,344 shares of the business services provider’s stock worth $14,902,000 after purchasing an additional 2,924 shares in the last quarter. Center for Wealth Management Advisory acquired a new position in Automatic Data Processing during the 1st quarter worth $1,412,000. Letson Investment Management Inc. increased its holdings in Automatic Data Processing by 13.4% during the 1st quarter. Letson Investment Management Inc. now owns 22,911 shares of the business services provider’s stock worth $4,655,000 after purchasing an additional 2,716 shares during the period. Finally, Essex Financial Services Inc. increased its holdings in 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 worth $1,309,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ADP shares. Morgan Stanley lowered their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 28th. 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. Citigroup decreased their price target on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Argus lowered their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Finally, Robert W. Baird dropped their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Automatic Data Processing has an average rating of “Hold” and a consensus target price of $244.29.

Automatic Data Processing Trading Up 2.8%

NASDAQ:ADP opened at $242.27 on Friday. The company has a market capitalization of $96.84 billion, a PE ratio of 22.60 and a beta of 0.83. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98. The stock’s 50 day moving average price is $219.13 and its 200 day moving average price is $225.70. 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 (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The company 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%. Automatic Data Processing’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, research analysts anticipate that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, June 12th. Automatic Data Processing’s payout ratio is 63.43%.

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.