Dash Acquisitions Inc. Purchases 4,363 Shares of Automatic Data Processing, Inc. $ADP

Dash Acquisitions Inc. lifted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,783 shares of the business services provider’s stock after purchasing an additional 4,363 shares during the quarter. Automatic Data Processing accounts for about 2.2% of Dash Acquisitions Inc.’s portfolio, making the stock its 16th largest position. Dash Acquisitions Inc.’s holdings in Automatic Data Processing were worth $11,213,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Imprint Wealth LLC bought a new stake in shares of Automatic Data Processing during the 3rd quarter valued at approximately $25,000. Cloud Capital Management LLC bought a new stake in shares of Automatic Data Processing during the 3rd quarter valued at approximately $29,000. Y.D. More Investments Ltd bought a new stake in shares of Automatic Data Processing during the 3rd quarter valued at approximately $32,000. Board of the Pension Protection Fund bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at approximately $31,000. Finally, AlphaQuest LLC bought a new stake in shares of Automatic Data Processing during the 3rd quarter valued at approximately $38,000. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Stock Down 0.1%

Shares of NASDAQ ADP opened at $208.37 on Friday. The company has a market capitalization of $83.29 billion, a P/E ratio of 19.44 and a beta of 0.83. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $329.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The company’s 50 day moving average price is $206.34 and its 200-day moving average price is $233.96.

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, topping analysts’ consensus estimates of $3.30 by $0.07. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities analysts forecast that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a $1.70 dividend. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.3%. Automatic Data Processing’s payout ratio is 63.43%.

Insider Activity

In related news, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $208.45, for a total transaction of $113,188.35. Following the transaction, the vice president owned 8,912 shares in the company, valued at $1,857,706.40. The trade was a 5.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their price target on shares of Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating on the stock in a report on Thursday, January 29th. TD Cowen lifted their price target on shares of Automatic Data Processing from $208.00 to $216.00 and gave the company a “hold” rating in a report on Thursday, April 30th. Guggenheim assumed coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They set a “buy” rating and a $270.00 price target on the stock. Cantor Fitzgerald decreased their price target on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Wells Fargo & Company decreased their price target on shares of Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating on the stock in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $253.50.

Automatic Data Processing Company 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.