Automatic Data Processing, Inc. $ADP Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC raised its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 19.7% in the 4th quarter, Holdings Channel reports. The fund owned 1,268,283 shares of the business services provider’s stock after purchasing an additional 208,456 shares during the period. Automatic Data Processing accounts for 0.6% of ProShare Advisors LLC’s holdings, making the stock its 27th biggest holding. ProShare Advisors LLC’s holdings in Automatic Data Processing were worth $326,240,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ADP. Imprint Wealth LLC acquired a new stake in Automatic Data Processing in the third quarter valued at approximately $25,000. Cloud Capital Management LLC acquired a new stake in Automatic Data Processing in the third quarter valued at approximately $29,000. Board of the Pension Protection Fund acquired a new stake in Automatic Data Processing in the fourth quarter valued at approximately $31,000. Y.D. More Investments Ltd purchased a new position in shares of Automatic Data Processing during the 3rd quarter valued at approximately $32,000. Finally, High Point Wealth Management LLC purchased a new position in shares of Automatic Data Processing during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In related 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 transaction of $113,188.35. Following the transaction, the vice president directly 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 document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by company insiders.

Automatic Data Processing Stock Performance

Shares of ADP opened at $222.94 on Tuesday. The business’s fifty day moving average price is $206.29 and its 200 day moving average price is $233.09. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $329.93. The stock has a market capitalization of $89.12 billion, a PE ratio of 20.80 and a beta of 0.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04.

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 firm 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 posted $3.06 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts forecast that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors 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 3.1%. Automatic Data Processing’s dividend payout ratio (DPR) is 63.43%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ADP. BMO Capital Markets reduced their target price on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research note on Tuesday, April 7th. Citigroup reduced their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Guggenheim began coverage on Automatic Data Processing in a research note on Thursday, March 19th. They set a “buy” rating and a $270.00 target price for the company. Argus reduced their target price on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Finally, Cantor Fitzgerald reduced their target price on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Automatic Data Processing has an average rating of “Hold” and a consensus target price of $253.50.

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.