Capitolis Liquid Global Markets LLC Boosts Position in Automatic Data Processing, Inc. $ADP

Capitolis Liquid Global Markets LLC raised its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 331.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 125,251 shares of the business services provider’s stock after buying an additional 96,251 shares during the quarter. Capitolis Liquid Global Markets LLC’s holdings in Automatic Data Processing were worth $32,218,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Northcape Wealth Management LLC grew its holdings in Automatic Data Processing by 0.6% during the 4th quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock valued at $1,692,000 after buying an additional 39 shares in the last quarter. Private Advisory Group LLC grew its holdings in Automatic Data Processing by 4.8% during the 3rd quarter. Private Advisory Group LLC now owns 867 shares of the business services provider’s stock valued at $254,000 after buying an additional 40 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC grew its holdings in Automatic Data Processing by 0.3% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,179 shares of the business services provider’s stock valued at $4,455,000 after buying an additional 41 shares in the last quarter. Rathbones Group PLC grew its holdings in Automatic Data Processing by 1.1% during the 4th quarter. Rathbones Group PLC now owns 4,027 shares of the business services provider’s stock valued at $1,036,000 after buying an additional 42 shares in the last quarter. Finally, Zullo Investment Group Inc. grew its holdings in Automatic Data Processing by 2.3% during the 4th quarter. Zullo Investment Group Inc. now owns 1,885 shares of the business services provider’s stock valued at $485,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on ADP shares. Stifel Nicolaus reduced their target price on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. 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 report on Tuesday, April 7th. Jefferies Financial Group dropped their price target on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Wells Fargo & Company upgraded Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target for the company in a research report on Monday, May 18th. Finally, Argus dropped their price target on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Stock Performance

Shares of ADP opened at $218.76 on Thursday. The company has a market cap of $87.44 billion, a PE ratio of 20.41 and a beta of 0.84. 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 has a 50-day moving average price of $213.61 and a 200-day moving average price of $228.50. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The firm 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 company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, equities analysts forecast that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders 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 yield of 3.1%. Automatic Data Processing’s dividend payout ratio is currently 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.