R Squared Ltd Acquires New Position in Automatic Data Processing, Inc. $ADP

R Squared Ltd acquired a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,584 shares of the business services provider’s stock, valued at approximately $728,000.

Several other large investors have also recently modified their holdings of ADP. Imprint Wealth LLC purchased a new stake in shares of Automatic Data Processing in the third quarter worth $25,000. Cornerstone Financial Management LLC purchased a new position in Automatic Data Processing during the fourth quarter worth about $26,000. Bard Associates Inc. bought a new position in Automatic Data Processing in the 4th quarter worth about $28,000. Board of the Pension Protection Fund bought a new position in Automatic Data Processing in the 4th quarter worth about $31,000. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Automatic Data Processing in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Mizuho dropped their price target on Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Morgan Stanley lowered their target price on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 28th. Argus dropped their target price 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. Jefferies Financial Group dropped their target price on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Finally, TD Cowen boosted their price target on shares of Automatic Data Processing from $216.00 to $223.00 and gave the stock a “hold” rating in a research note on Monday. 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 issued a Sell rating to the stock. According to MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and a consensus target price of $244.79.

Automatic Data Processing Trading Up 3.3%

Shares of NASDAQ ADP traded up $8.00 during mid-day trading on Tuesday, hitting $247.49. The stock had a trading volume of 390,886 shares, compared to its average volume of 3,243,675. The business has a 50 day moving average price of $219.94 and a two-hundred day moving average price of $225.54. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $315.98. 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 firm has a market cap of $98.93 billion, a P/E ratio of 23.05 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the firm earned $3.06 EPS. The company’s revenue was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities analysts anticipate that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were issued a $1.70 dividend. The ex-dividend date was Friday, June 12th. This represents a $6.80 annualized dividend and a yield of 2.7%. Automatic Data Processing’s dividend payout ratio (DPR) 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.