Tactive Advisors LLC Invests $18.21 Million in Automatic Data Processing, Inc. $ADP

Tactive Advisors LLC bought a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 89,607 shares of the business services provider’s stock, valued at approximately $18,206,000. Automatic Data Processing makes up approximately 5.1% of Tactive Advisors LLC’s investment portfolio, making the stock its biggest position.

Other hedge funds have also recently bought and sold shares of the company. Imprint Wealth LLC acquired a new position in Automatic Data Processing during the third quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Automatic Data Processing in the fourth quarter worth $26,000. Bard Associates Inc. acquired a new stake in shares of Automatic Data Processing in the fourth quarter worth $28,000. Board of the Pension Protection Fund purchased a new position in shares of Automatic Data Processing in the 4th quarter valued at $31,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of Automatic Data Processing in the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $218.41 on Monday. The stock has a market cap of $87.31 billion, a price-to-earnings ratio of 20.37 and a beta of 0.84. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year 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. The business’s 50-day simple moving average is $214.26 and its 200 day simple moving average is $227.98.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the firm earned $3.06 EPS. Automatic Data Processing’s quarterly revenue was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, sell-side analysts predict that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is 63.43%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ADP shares. Morgan Stanley reduced their target price 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. UBS Group raised their price objective on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. BMO Capital Markets reduced their price objective on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Guggenheim started coverage on Automatic Data Processing in a research report on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price for the company. Finally, Robert W. Baird decreased their target price on Automatic Data Processing from $300.00 to $270.00 in a research report 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 given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.