Drucker Wealth 3.0 LLC Makes New $754,000 Investment in Automatic Data Processing, Inc. $ADP

Drucker Wealth 3.0 LLC acquired a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,713 shares of the business services provider’s stock, valued at approximately $754,000.

Several other institutional investors have also modified their holdings of ADP. Simmons Bank boosted its holdings in shares of Automatic Data Processing by 2.0% in the 1st quarter. Simmons Bank now owns 5,490 shares of the business services provider’s stock worth $1,115,000 after purchasing an additional 108 shares during the period. Detalus Advisors LLC raised its holdings in Automatic Data Processing by 3.9% during the 1st quarter. Detalus Advisors LLC now owns 1,555 shares of the business services provider’s stock valued at $316,000 after buying an additional 59 shares during the period. Matrix Asset Advisors Inc. NY purchased a new stake in Automatic Data Processing during the 1st quarter valued at $2,761,000. Patriot Financial Group Insurance Agency LLC lifted its position in Automatic Data Processing by 122.0% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 3,530 shares of the business services provider’s stock worth $717,000 after buying an additional 1,940 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC lifted its position in Automatic Data Processing by 2.1% in the first quarter. MeadowBrook Investment Advisors LLC now owns 6,969 shares of the business services provider’s stock worth $1,416,000 after buying an additional 140 shares during the last quarter. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Stock Up 0.6%

NASDAQ:ADP opened at $224.97 on Tuesday. The company has a market cap of $89.93 billion, a price-to-earnings ratio of 20.99 and a beta of 0.84. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98. 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 fifty day simple moving average of $217.21 and a 200-day simple moving average of $226.32.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results 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 firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. 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 business posted $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Analysts anticipate that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s payout ratio is 63.43%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADP. Mizuho cut their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Cantor Fitzgerald dropped their price target on shares of 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. Robert W. Baird cut their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Citigroup reduced their price objective on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Finally, Jefferies Financial Group decreased their price objective on shares of Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $244.29.

Automatic Data Processing 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.