Life Cycle Investment Partners Ltd Takes $136.71 Million Position in Automatic Data Processing, Inc. $ADP

Life Cycle Investment Partners Ltd bought a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 531,460 shares of the business services provider’s stock, valued at approximately $136,707,000. Automatic Data Processing makes up approximately 1.0% of Life Cycle Investment Partners Ltd’s investment portfolio, making the stock its 26th largest position.

A number of other hedge funds also recently modified their holdings of the business. Shelter Rock Management LLC purchased a new stake in shares of Automatic Data Processing in the fourth quarter valued at $920,000. Jefferies Financial Group Inc. lifted its holdings in shares of Automatic Data Processing by 439.2% in the fourth quarter. Jefferies Financial Group Inc. now owns 51,341 shares of the business services provider’s stock valued at $13,206,000 after purchasing an additional 41,820 shares in the last quarter. MQS Management LLC lifted its holdings in shares of Automatic Data Processing by 117.7% in the fourth quarter. MQS Management LLC now owns 3,917 shares of the business services provider’s stock valued at $1,008,000 after purchasing an additional 2,118 shares in the last quarter. SGL Investment Advisors Inc. grew its position in Automatic Data Processing by 3.3% during the fourth quarter. SGL Investment Advisors Inc. now owns 1,762 shares of the business services provider’s stock valued at $412,000 after purchasing an additional 57 shares in the last quarter. Finally, Principle Wealth Partners LLC grew its position in Automatic Data Processing by 5.8% during the fourth quarter. Principle Wealth Partners LLC now owns 10,927 shares of the business services provider’s stock valued at $2,811,000 after purchasing an additional 596 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $225.31 on Friday. 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, Inc. has a 1 year low of $188.16 and a 1 year high of $329.93. The business has a fifty day simple moving average of $206.43 and a 200 day simple moving average of $232.19. The firm has a market cap of $90.06 billion, a price-to-earnings ratio of 21.02 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the company earned $3.06 earnings per share. Automatic Data Processing’s quarterly 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. As a group, sell-side analysts predict that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm 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 dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is presently 63.43%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Citigroup lowered their price objective on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Guggenheim assumed coverage on shares of Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 price objective on the stock. Morgan Stanley lowered their price objective on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. UBS Group increased their price objective on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group cut their price objective 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, three have given a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $249.00.

Insider Buying and Selling

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $208.45, for a total transaction of $113,188.35. Following the transaction, the vice president directly owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.

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.