Shelter Rock Management LLC Invests $920,000 in Automatic Data Processing, Inc. $ADP

Shelter Rock Management LLC purchased a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,575 shares of the business services provider’s stock, valued at approximately $920,000. Automatic Data Processing comprises approximately 0.9% of Shelter Rock Management LLC’s investment portfolio, making the stock its 19th largest holding.

Other large investors have also modified their holdings of the company. Imprint Wealth LLC bought a new position in shares of Automatic Data Processing during the third quarter worth about $25,000. Cloud Capital Management LLC bought a new position in shares of Automatic Data Processing during the third quarter worth about $29,000. Board of the Pension Protection Fund bought a new position in shares of Automatic Data Processing during the fourth quarter worth about $31,000. Y.D. More Investments Ltd bought a new position in shares of Automatic Data Processing during the third quarter worth about $32,000. Finally, High Point Wealth Management LLC bought a new position in Automatic Data Processing in the fourth quarter worth about $34,000. Institutional investors own 80.03% of the company’s stock.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $208.45, for a total value of $113,188.35. Following the sale, the vice president owned 8,912 shares in the company, valued at approximately $1,857,706.40. This trade represents a 5.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating on the stock in a report on Thursday, January 29th. Morgan Stanley cut 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 report on Tuesday, April 28th. Mizuho cut their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. Finally, Citigroup cut their target price on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average price target of $249.00.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP opened at $225.31 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The firm’s 50-day moving average price is $206.43 and its two-hundred day moving average price is $232.19. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $329.93. The stock has a market capitalization of $90.06 billion, a P/E ratio of 21.02 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last issued its 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 firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the company posted $3.06 earnings per share. Automatic Data Processing’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. As a group, sell-side analysts forecast that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid a $1.70 dividend. The ex-dividend date is Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 3.0%. Automatic Data Processing’s dividend payout ratio (DPR) 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.