Automatic Data Processing, Inc. $ADP Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 6.4% in the fourth quarter, Holdings Channel reports. The firm owned 66,152 shares of the business services provider’s stock after buying an additional 3,997 shares during the period. Pacer Advisors Inc.’s holdings in Automatic Data Processing were worth $17,016,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ADP. Lynch Investment Planning LLC acquired a new stake in Automatic Data Processing in the 4th quarter worth about $637,000. MV Capital Management Inc. purchased a new position in shares of Automatic Data Processing in the fourth quarter worth about $282,000. Cambient Family Office LLC purchased a new position in Automatic Data Processing in the 4th quarter worth approximately $9,379,000. T. Rowe Price Investment Management Inc. lifted its position in Automatic Data Processing by 106.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 7,355 shares of the business services provider’s stock worth $1,892,000 after buying an additional 3,791 shares in the last quarter. Finally, Claris Financial LLC purchased a new position in shares of Automatic Data Processing during the 4th quarter worth $545,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley decreased their price objective on 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. Cantor Fitzgerald decreased their price target on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. UBS Group increased their price target on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Jefferies Financial Group cut their price objective on Automatic Data Processing from $230.00 to $190.00 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 target price on the stock in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and a consensus target price of $244.29.

Automatic Data Processing Stock Performance

ADP opened at $218.41 on Friday. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $315.98. 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 business has a fifty day simple moving average of $214.26 and a 200-day simple moving average of $228.17. The firm has a market cap of $87.31 billion, a P/E ratio of 20.37 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results 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. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.Automatic Data Processing’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities analysts expect that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 3.1%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 63.43%.

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.