2,460 Shares in Automatic Data Processing, Inc. $ADP Purchased by Lynch Investment Planning LLC

Lynch Investment Planning LLC acquired a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,460 shares of the business services provider’s stock, valued at approximately $637,000. Automatic Data Processing accounts for about 0.6% of Lynch Investment Planning LLC’s portfolio, making the stock its 28th largest position.

A number of other institutional investors have also recently made changes to their positions in ADP. Imprint Wealth LLC bought a new stake in Automatic Data Processing in the 3rd quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new position in Automatic Data Processing during the fourth quarter worth about $26,000. Bard Associates Inc. purchased a new position in shares of Automatic Data Processing in the fourth quarter worth about $28,000. Board of the Pension Protection Fund bought a new stake in shares of Automatic Data Processing in the fourth quarter valued at approximately $31,000. Finally, Y.D. More Investments Ltd bought a new stake in shares of Automatic Data Processing in the third quarter valued at approximately $32,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ADP shares. Guggenheim initiated coverage on shares of Automatic Data Processing in a research note on Thursday, March 19th. They issued a “buy” rating and a $270.00 price objective for the company. Stifel Nicolaus dropped their target price on Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. Wells Fargo & Company raised Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target for the company in a report on Monday, May 18th. Citigroup reduced their price target on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Finally, Jefferies Financial Group decreased their price objective on 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 issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $244.29.

Automatic Data Processing Stock Performance

Automatic Data Processing stock opened at $218.41 on Friday. The firm’s 50 day simple moving average is $213.90 and its 200 day simple moving average is $228.24. 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 firm has a market capitalization of $87.31 billion, a PE ratio of 20.37 and a beta of 0.84. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.30 by $0.07. The business 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% compared to the same quarter last year. During the same period in the prior 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, analysts expect that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a dividend of $1.70 per share. 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 (DPR) is currently 63.43%.

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.