Havemeyer Place LP Acquires Shares of 5,357 Automatic Data Processing, Inc. $ADP

Havemeyer Place LP acquired a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,357 shares of the business services provider’s stock, valued at approximately $1,378,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Imprint Wealth LLC purchased a new stake in shares of Automatic Data Processing in the third quarter valued at $25,000. Board of the Pension Protection Fund purchased a new position in Automatic Data Processing in the 4th quarter worth about $31,000. Y.D. More Investments Ltd purchased a new position in Automatic Data Processing in the 3rd quarter worth about $32,000. High Point Wealth Management LLC purchased a new position in Automatic Data Processing in the 4th quarter worth about $34,000. Finally, AlphaQuest LLC purchased a new position in Automatic Data Processing in the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP opened at $231.95 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $329.93. The company has a 50 day simple moving average of $210.02 and a two-hundred day simple moving average of $229.98. The stock has a market cap of $92.72 billion, a price-to-earnings ratio of 21.64 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating the consensus estimate of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same period in the previous year, the business posted $3.06 EPS. The business’s quarterly revenue 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. As a group, analysts predict that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s payout ratio is 63.43%.

Analysts Set New Price Targets

A number of research analysts have commented on ADP shares. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. Stifel Nicolaus cut their target price on shares of Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. Morgan Stanley lowered their price target 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. Guggenheim started coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 price target on the stock. Finally, Robert W. Baird lowered their target price on shares of Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Automatic Data Processing presently has an average rating of “Hold” and an average price target of $244.29.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction that occurred 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 completion of the transaction, the vice president directly owned 8,912 shares of the company’s stock, valued at $1,857,706.40. The trade was a 5.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

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.