Automatic Data Processing, Inc. $ADP Shares Sold by Keybank National Association OH

Keybank National Association OH cut its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 183,091 shares of the business services provider’s stock after selling 7,474 shares during the quarter. Keybank National Association OH’s holdings in Automatic Data Processing were worth $37,200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Imprint Wealth LLC acquired a new stake in Automatic Data Processing during the third quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new position in Automatic Data Processing in the 4th quarter valued at $26,000. Bard Associates Inc. purchased a new position in shares of Automatic Data Processing during the 4th quarter worth $28,000. Board of the Pension Protection Fund purchased a new position in shares of Automatic Data Processing during the 4th quarter worth $31,000. Finally, Prosperity Bancshares Inc purchased a new position in shares of Automatic Data Processing during the 4th quarter worth $33,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ADP. Cantor Fitzgerald lowered their price objective on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Mizuho reduced their target price on Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Robert W. Baird reduced their target price on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Guggenheim began coverage on Automatic Data Processing in a research note on Thursday, March 19th. They issued a “buy” rating and a $270.00 price target on the stock. Finally, Morgan Stanley lowered their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Stock Up 2.8%

Shares of ADP opened at $242.27 on Friday. The firm has a market cap of $96.84 billion, a PE ratio of 22.60 and a beta of 0.83. The company’s fifty day moving average is $219.13 and its two-hundred day moving average is $225.70. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two 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.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Analysts forecast that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th were given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, June 12th. Automatic Data Processing’s payout ratio is 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.