Resources Management Corp CT ADV Sells 307,979 Shares of Automatic Data Processing, Inc. $ADP

Resources Management Corp CT ADV lessened its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 92.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,956 shares of the business services provider’s stock after selling 307,979 shares during the quarter. Resources Management Corp CT ADV’s holdings in Automatic Data Processing were worth $6,677,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Imprint Wealth LLC bought a new position in shares of Automatic Data Processing in the third quarter valued at approximately $25,000. Cornerstone Financial Management LLC bought a new position in shares of Automatic Data Processing in the fourth quarter valued at approximately $26,000. Y.D. More Investments Ltd bought a new position in shares of Automatic Data Processing in the third quarter valued at approximately $32,000. Bard Associates Inc. bought a new position in shares of Automatic Data Processing in the fourth quarter valued at approximately $28,000. Finally, Board of the Pension Protection Fund bought a new position in shares of Automatic Data Processing in the fourth quarter valued at approximately $31,000. Institutional investors own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ADP. UBS Group raised their target price on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a 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 target on the stock in a report on Monday, May 18th. Mizuho dropped their price target on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Cantor Fitzgerald dropped their price target on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Jefferies Financial Group dropped their price target on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $226.21 on Monday. The business’s fifty day simple moving average is $212.58 and its 200 day simple moving average is $229.21. The firm has a market capitalization of $90.42 billion, a P/E ratio of 21.10 and a beta of 0.84. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.Automatic Data Processing’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, analysts anticipate that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders 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 dividend payout ratio (DPR) is currently 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.