Automatic Data Processing, Inc. $ADP Shares Purchased by MUFG Securities EMEA plc

MUFG Securities EMEA plc increased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 542.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 49,774 shares of the business services provider’s stock after purchasing an additional 42,021 shares during the period. MUFG Securities EMEA plc’s holdings in Automatic Data Processing were worth $12,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of ADP. Imprint Wealth LLC acquired a new stake in shares of Automatic Data Processing during the third quarter worth $25,000. Board of the Pension Protection Fund acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth $31,000. Y.D. More Investments Ltd acquired a new stake in shares of Automatic Data Processing during the third quarter worth $32,000. High Point Wealth Management LLC acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth $34,000. Finally, AlphaQuest LLC acquired a new stake in shares of Automatic Data Processing during the third quarter worth $38,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Automatic Data Processing

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on ADP shares. Robert W. Baird decreased their price target on Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Guggenheim assumed coverage on Automatic Data Processing in a report on Thursday, March 19th. They set a “buy” rating and a $270.00 price target for the company. Stifel Nicolaus reduced their target price on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. Jefferies Financial Group reduced their target price on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. Finally, Morgan Stanley reduced their target price on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Automatic Data Processing has a consensus rating of “Hold” and a consensus target price of $249.00.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $221.84 on Monday. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $329.93. 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 business has a fifty day moving average of $207.63 and a two-hundred day moving average of $230.77. The company has a market cap of $88.68 billion, a P/E ratio of 20.69 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter 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, 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 company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a $1.70 dividend. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.1%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.43%.

Automatic Data Processing 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.