Automatic Data Processing, Inc. $ADP Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 18.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 138,215 shares of the business services provider’s stock after acquiring an additional 21,444 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Automatic Data Processing were worth $40,566,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ADP. Harbor Asset Planning Inc. purchased a new stake in Automatic Data Processing during the 2nd quarter worth approximately $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Automatic Data Processing during the second quarter worth $26,000. Howard Hughes Medical Institute purchased a new stake in shares of Automatic Data Processing during the second quarter valued at $27,000. Solstein Capital LLC purchased a new stake in shares of Automatic Data Processing during the second quarter valued at $28,000. Finally, Westside Investment Management Inc. increased its position in shares of Automatic Data Processing by 80.0% in the 2nd quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $262.29, for a total value of $142,423.47. Following the completion of the transaction, the vice president owned 9,998 shares in the company, valued at $2,622,375.42. The trade was a 5.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David Kwon sold 806 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $264.80, for a total value of $213,428.80. Following the transaction, the vice president owned 11,187 shares in the company, valued at $2,962,317.60. This represents a 6.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,249 shares of company stock worth $589,852 over the last 90 days. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Morgan Stanley lowered their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research report on Thursday, January 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 29th. Cantor Fitzgerald initiated coverage on Automatic Data Processing in a research report on Tuesday, January 27th. They issued an “overweight” rating and a $306.00 target price on the stock. Stifel Nicolaus reduced their price target on shares of Automatic Data Processing from $290.00 to $280.00 and set a “hold” rating for the company in a research report on Thursday, January 29th. Finally, Citigroup decreased their price objective on shares of Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating for the company in a research note on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $290.83.

Automatic Data Processing Stock Up 0.3%

Shares of ADP stock opened at $247.56 on Tuesday. Automatic Data Processing, Inc. has a twelve month low of $243.68 and a twelve month high of $329.93. The stock has a market cap of $99.68 billion, a P/E ratio of 23.80 and a beta of 0.85. The stock has a 50 day moving average of $258.31 and a 200 day moving average of $277.25. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.05. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. The business had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter last year, the company earned $2.35 EPS. The business’s revenue was up 6.2% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. As a group, sell-side analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing declared that its board has initiated a stock buyback plan on Wednesday, January 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 5.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, March 13th. Automatic Data Processing’s dividend payout ratio is presently 65.38%.

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.