Rakuten Investment Management Inc. Has $19.49 Million Stake in Automatic Data Processing, Inc. $ADP

Rakuten Investment Management Inc. lifted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 297.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 75,063 shares of the business services provider’s stock after buying an additional 56,179 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Automatic Data Processing were worth $19,487,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Imprint Wealth LLC acquired a new stake in shares of Automatic Data Processing during the 3rd quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Automatic Data Processing during the 4th quarter worth approximately $26,000. Bard Associates Inc. acquired a new stake in shares of Automatic Data Processing during the 4th quarter worth approximately $28,000. Board of the Pension Protection Fund acquired a new stake in shares of Automatic Data Processing during the 4th quarter worth approximately $31,000. Finally, Y.D. More Investments Ltd bought a new position in shares of Automatic Data Processing in the 3rd quarter worth $32,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $223.22 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The stock’s fifty day simple moving average is $212.96 and its two-hundred day simple moving average is $228.98. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $315.98. The stock has a market cap of $89.23 billion, a PE ratio of 20.82 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period last year, the business earned $3.06 EPS. The business’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, analysts forecast that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid a dividend of $1.70 per share. The ex-dividend date is Friday, June 12th. This represents a $6.80 annualized dividend and a yield of 3.0%. Automatic Data Processing’s dividend payout ratio (DPR) is 63.43%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. TD Cowen upgraded Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. Jefferies Financial Group cut their target price on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. Citigroup cut their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. BMO Capital Markets cut their target price on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Finally, Robert W. Baird cut their target price on Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $244.29.

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.