Harvest Fund Management Co. Ltd Has $7.77 Million Position in Automatic Data Processing, Inc. $ADP

Harvest Fund Management Co. Ltd grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 15.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 30,199 shares of the business services provider’s stock after buying an additional 4,067 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Automatic Data Processing were worth $7,768,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ADP. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing during the third quarter valued at about $25,000. Board of the Pension Protection Fund acquired a new position in shares of Automatic Data Processing during the fourth quarter valued at about $31,000. Y.D. More Investments Ltd acquired a new position in shares of Automatic Data Processing during the third quarter valued at about $32,000. High Point Wealth Management LLC acquired a new position in shares of Automatic Data Processing during the fourth quarter valued at about $34,000. Finally, AlphaQuest LLC acquired a new position in shares of Automatic Data Processing during the third quarter valued at about $38,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $231.31 on Friday. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $329.93. 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 has a market capitalization of $92.46 billion, a PE ratio of 21.58 and a beta of 0.84. The firm has a 50-day moving average price of $209.43 and a 200 day moving average price of $230.11.

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

Automatic Data Processing Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.9%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.43%.

Analyst Ratings Changes

Several research analysts recently issued reports on ADP shares. Stifel Nicolaus dropped their price target on shares of Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. Mizuho dropped their price target on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Guggenheim started coverage on shares of Automatic Data Processing in a research report on Thursday, March 19th. They issued a “buy” rating and a $270.00 price target for the company. UBS Group increased their price target on shares of Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company raised shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target for the company in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $244.29.

Insider Buying and Selling at Automatic Data Processing

In related 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 completion of the sale, the vice president owned 8,912 shares of the company’s stock, 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 document filed with the SEC, which is available at the SEC website. 0.20% of the stock is currently owned by corporate insiders.

About Automatic Data Processing

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.