Cascade Investment Group Inc. Has $622,000 Position in Automatic Data Processing, Inc. $ADP
Cascade Investment Group Inc. reduced its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 29.5% in Q1, now holding 2,035 shares valued at $622,000. Other institutional investors, including Vanguard and Ameriprise, also increased their stakes. Analysts have mixed ratings on ADP, with a consensus hold rating and a target price of $317. ADP's stock opened at $303.45, with a market cap of $122.91 billion and a recent EPS of $2.26, surpassing estimates.
Cascade Investment Group Inc. lowered its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 29.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,035 shares of the business services provider's stock after selling 851 shares during the period. Cascade Investment Group Inc.'s holdings in Automatic Data Processing were worth $622,000 as of its most recent SEC filing.
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A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Automatic Data Processing by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 40,949,884 shares of the business services provider's stock valued at $12,511,418,000 after purchasing an additional 218,614 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Automatic Data Processing by 15.7% in the 1st quarter. Ameriprise Financial Inc. now owns 4,431,478 shares of the business services provider's stock valued at $1,348,805,000 after purchasing an additional 601,400 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Automatic Data Processing by 3.7% in the 1st quarter. Invesco Ltd. now owns 4,031,713 shares of the business services provider's stock valued at $1,231,809,000 after purchasing an additional 145,161 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Automatic Data Processing by 16.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,771,011 shares of the business services provider's stock valued at $1,103,888,000 after purchasing an additional 532,485 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Automatic Data Processing by 22.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,059,100 shares of the business services provider's stock valued at $934,647,000 after purchasing an additional 564,187 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on ADP shares. Morgan Stanley boosted their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Dbs Bank upgraded shares of Automatic Data Processing to a "hold" rating in a research note on Thursday, August 21st. BMO Capital Markets raised Automatic Data Processing to a "hold" rating and set a $340.00 price target for the company in a report on Thursday, July 10th. TD Securities lifted their price target on Automatic Data Processing from $298.00 to $321.00 and gave the company a "hold" rating in a report on Wednesday, May 21st. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $315.00 price target on shares of Automatic Data Processing in a report on Thursday, June 5th. Two investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $317.00.
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Get Our Latest Analysis on Automatic Data Processing
Automatic Data Processing Stock Performance
Automatic Data Processing stock opened at $303.45 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.64. Automatic Data Processing, Inc. has a 1 year low of $267.79 and a 1 year high of $329.93. The company has a market cap of $122.91 billion, a PE ratio of 30.41, a PEG ratio of 2.78 and a beta of 0.81. The company's 50-day moving average is $304.94 and its two-hundred day moving average is $305.58.
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Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The company had revenue of $5.13 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same period in the prior year, the company posted $2.09 EPS. The company's revenue was up 6.3% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.
Automatic Data Processing Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be given a dividend of $1.54 per share. The ex-dividend date is Friday, September 12th. This represents a $6.16 dividend on an annualized basis and a yield of 2.0%. Automatic Data Processing's dividend payout ratio is presently 61.72%.
Automatic Data Processing Company 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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