Turtle Creek Wealth Advisors LLC Has $1.72 Million Stake in Automatic Data Processing, Inc. $ADP

Turtle Creek Wealth Advisors LLC boosted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 37.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,485 shares of the business services provider’s stock after acquiring an additional 2,301 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Automatic Data Processing were worth $1,724,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. New York State Teachers Retirement System grew its holdings in Automatic Data Processing by 0.6% during the first quarter. New York State Teachers Retirement System now owns 295,983 shares of the business services provider’s stock worth $60,138,000 after purchasing an additional 1,726 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in Automatic Data Processing in the first quarter valued at approximately $6,016,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Automatic Data Processing by 72.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 194,968 shares of the business services provider’s stock valued at $39,614,000 after buying an additional 82,030 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its position in shares of Automatic Data Processing by 35.5% in the first quarter. Elevation Point Wealth Partners LLC now owns 25,496 shares of the business services provider’s stock valued at $5,213,000 after buying an additional 6,681 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC boosted its stake in shares of Automatic Data Processing by 9.7% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 9,724 shares of the business services provider’s stock worth $1,976,000 after acquiring an additional 857 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

ADP has been the topic of a number of recent analyst reports. Citigroup decreased their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. BMO Capital Markets reduced their price objective on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. Morgan Stanley decreased 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 report on Tuesday, April 28th. Mizuho dropped their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Finally, Stifel Nicolaus dropped their price objective on shares of Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. One equities 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 stock has an average rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing Trading Up 2.8%

Shares of NASDAQ:ADP opened at $242.27 on Friday. 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 $219.13 and a 200-day moving average of $225.70. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The stock has a market cap of $96.84 billion, a PE ratio of 22.60 and a beta of 0.83.

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

Automatic Data Processing Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, June 12th. This represents a $6.80 annualized dividend and a yield of 2.8%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 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.