Automatic Data Processing, Inc. $ADP Shares Acquired by Quantinno Capital Management LP

by · The Cerbat Gem

Quantinno Capital Management LP boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) by 19.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 119,593 shares of the business services provider’s stock after acquiring an additional 19,324 shares during the period. Quantinno Capital Management LP’s holdings in Automatic Data Processing were worth $36,883,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Activest Wealth Management lifted its stake in shares of Automatic Data Processing by 2,600.0% in the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 78 shares during the last quarter. Harbor Asset Planning Inc. purchased a new stake in Automatic Data Processing in the 2nd quarter valued at about $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in Automatic Data Processing in the second quarter valued at about $26,000. Howard Hughes Medical Institute acquired a new position in Automatic Data Processing in the second quarter valued at about $27,000. Finally, Solstein Capital LLC purchased a new position in Automatic Data Processing during the second quarter worth about $28,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $264.69 on Friday. The firm has a market capitalization of $107.05 billion, a PE ratio of 26.13 and a beta of 0.86. The business’s fifty day moving average price is $266.44 and its 200 day moving average price is $291.41. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05. Automatic Data Processing, Inc. has a 12 month low of $247.18 and a 12 month high of $329.93.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.05. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The business had revenue of $5.18 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same period in the prior year, the firm posted $2.33 EPS. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, December 12th. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.54. This represents a $6.80 dividend on an annualized basis and a yield of 2.6%. Automatic Data Processing’s dividend payout ratio is 60.81%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research report on Thursday, August 21st. Citigroup assumed coverage on Automatic Data Processing in a research note on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price on the stock. Wells Fargo & Company lowered their target price on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. reduced their price target on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Automatic Data Processing presently has a consensus rating of “Hold” and an average target price of $312.67.

Check Out Our Latest Report on ADP

Automatic Data Processing Profile

(Free Report)

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.

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