Automatic Data Processing, Inc. $ADP Shares Bought by Cynosure Group LLC

Cynosure Group LLC boosted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 192.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,701 shares of the business services provider’s stock after acquiring an additional 2,436 shares during the period. Cynosure Group LLC’s holdings in Automatic Data Processing were worth $952,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ADP. Imprint Wealth LLC purchased a new stake in shares of Automatic Data Processing during the third quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Automatic Data Processing in the fourth quarter valued at approximately $26,000. Y.D. More Investments Ltd acquired a new position in shares of Automatic Data Processing in the third quarter valued at approximately $32,000. Bard Associates Inc. acquired 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 acquired a new position in shares of Automatic Data Processing in the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ADP. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. Morgan Stanley cut their price objective on shares of 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. Stifel Nicolaus cut their price objective on shares of Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. Jefferies Financial Group cut their price objective on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Finally, Citigroup cut their price objective on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. One research 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, the company currently has a consensus rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $223.22 on Tuesday. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $315.98. The firm has a 50 day moving average price of $212.96 and a 200 day moving average price of $228.98. The company has a market cap of $89.23 billion, a price-to-earnings ratio of 20.82 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the firm earned $3.06 earnings per share. Automatic Data Processing’s revenue 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 predict that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s payout ratio is presently 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.