Automatic Data Processing, Inc. $ADP Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 20.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 635,921 shares of the business services provider’s stock after buying an additional 105,819 shares during the quarter. SG Americas Securities LLC owned approximately 0.16% of Automatic Data Processing worth $129,206,000 as of its most recent filing with the SEC.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on ADP. Jefferies Financial Group decreased their price target on shares of Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Robert W. Baird cut their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Morgan Stanley reduced their price objective on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 28th. Cantor Fitzgerald decreased their target price on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, BMO Capital Markets lowered their target price on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $244.29.

Automatic Data Processing Price Performance

ADP opened at $218.41 on Monday. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98. The business has a 50-day moving average of $214.26 and a two-hundred day moving average of $227.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $87.31 billion, a price-to-earnings ratio of 20.37 and a beta of 0.84.

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 for the quarter, topping the consensus estimate of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period in the prior year, the firm posted $3.06 EPS. The company’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. On average, research analysts expect that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The business also recently declared 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 of this dividend is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 3.1%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.43%.

Automatic Data Processing Company 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.