Y Intercept Hong Kong Ltd Invests $6.02 Million in Automatic Data Processing, Inc. $ADP

Y Intercept Hong Kong Ltd purchased a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,611 shares of the business services provider’s stock, valued at approximately $6,016,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADP. Hilltop Holdings Inc. bought a new position in shares of Automatic Data Processing during the third quarter worth approximately $5,292,000. Jefferies Financial Group Inc. bought a new stake in shares of Automatic Data Processing in the third quarter valued at approximately $2,794,000. Horizon Investments LLC grew its position in Automatic Data Processing by 34.1% during the fourth quarter. Horizon Investments LLC now owns 26,144 shares of the business services provider’s stock worth $6,725,000 after buying an additional 6,655 shares in the last quarter. Compass Capital Management Inc. grew its position in Automatic Data Processing by 3.0% during the fourth quarter. Compass Capital Management Inc. now owns 203,710 shares of the business services provider’s stock worth $52,400,000 after buying an additional 5,899 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC increased its stake in Automatic Data Processing by 181.5% during the 3rd quarter. Elevation Point Wealth Partners LLC now owns 16,789 shares of the business services provider’s stock worth $4,950,000 after acquiring an additional 10,824 shares during the period. 80.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on ADP. Argus dropped their price objective on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Jefferies Financial Group reduced their target price on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. Morgan Stanley decreased their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. BMO Capital Markets cut 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. Finally, Robert W. Baird reduced their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $244.29.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $242.27 on Friday. The stock’s fifty day moving average price is $219.94 and its two-hundred day moving average price is $225.81. The company has a market cap of $96.84 billion, a PE ratio of 22.60 and a beta of 0.83. 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 debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04.

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 the consensus estimate of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the company posted $3.06 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities analysts predict that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were paid a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, June 12th. 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.