Automatic Data Processing, Inc. $ADP Stock Position Trimmed by Navera Investment Management Ltd.

Navera Investment Management Ltd. trimmed its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 723,792 shares of the business services provider’s stock after selling 4,330 shares during the period. Automatic Data Processing accounts for approximately 4.1% of Navera Investment Management Ltd.’s holdings, making the stock its 15th biggest position. Navera Investment Management Ltd. owned approximately 0.18% of Automatic Data Processing worth $212,398,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Harbor Asset Planning Inc. acquired a new position in shares of Automatic Data Processing during the second quarter worth approximately $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Automatic Data Processing in the 2nd quarter valued at approximately $26,000. Howard Hughes Medical Institute bought a new stake in Automatic Data Processing during the 2nd quarter valued at $27,000. Solstein Capital LLC acquired a new position in Automatic Data Processing during the 2nd quarter worth $28,000. Finally, Westside Investment Management Inc. grew its stake in shares of Automatic Data Processing by 80.0% in the second quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock worth $28,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Citigroup started coverage on shares of Automatic Data Processing in a research note on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price objective on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Jefferies Financial Group reiterated an “underperform” rating and issued a $230.00 price objective (down from $245.00) on shares of Automatic Data Processing in a report on Tuesday, December 16th. JPMorgan Chase & Co. lowered their price objective on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research note on Thursday, October 30th. Finally, Wells Fargo & Company cut their target price on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and a consensus target price of $306.42.

Automatic Data Processing Stock Up 0.1%

NASDAQ ADP opened at $260.44 on Friday. Automatic Data Processing, Inc. has a 12 month low of $247.18 and a 12 month high of $329.93. The company has a market capitalization of $105.33 billion, a P/E ratio of 25.71 and a beta of 0.86. The company’s 50 day simple moving average is $257.93 and its 200 day simple moving average is $281.36. 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 (NASDAQ:ADP) last posted its quarterly earnings results 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 net margin of 19.79% and a return on equity of 70.63%. The firm had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the business posted $2.33 earnings per share. The firm’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. Equities research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $6.80 dividend on an annualized basis and a yield of 2.6%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 67.13%.

Automatic Data Processing declared that its board has authorized a stock repurchase plan on Wednesday, January 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the business services provider to purchase up to 5.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity

In other Automatic Data Processing news, VP David Kwon sold 806 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $264.80, for a total value of $213,428.80. Following the completion of the transaction, the vice president directly owned 11,187 shares in the company, valued at $2,962,317.60. This trade represents a 6.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $262.29, for a total transaction of $142,423.47. Following the sale, the vice president owned 9,998 shares in the company, valued at $2,622,375.42. This represents a 5.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 2,249 shares of company stock worth $589,852. Corporate insiders own 0.20% of the company’s stock.

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.