Rockland Trust Co. Lowers Position in Automatic Data Processing, Inc. $ADP

Rockland Trust Co. lessened its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 11.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,359 shares of the business services provider’s stock after selling 4,270 shares during the quarter. Rockland Trust Co.’s holdings in Automatic Data Processing were worth $10,084,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Automatic Data Processing in the 2nd quarter valued at $26,000. Harbor Asset Planning Inc. purchased a new stake in Automatic Data Processing during the 2nd quarter worth $26,000. Howard Hughes Medical Institute acquired a new stake in Automatic Data Processing in the 2nd quarter valued at $27,000. Solstein Capital LLC purchased a new position in Automatic Data Processing in the second quarter valued at about $28,000. Finally, Westside Investment Management Inc. raised its position in 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 valued at $28,000 after purchasing an additional 40 shares during the period. 80.03% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Automatic Data Processing

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: Board authorized a $6.0 billion buyback and ADP declared a $1.70 quarterly dividend (ex-dividend March 13, payable April 1), which support buyback-driven EPS accretion and income demand. Read More.
• Neutral Sentiment: Q2 results showed a modest beat (EPS $2.62 vs. $2.57) and revenue growth ~6.2%; FY‑2026 EPS guidance was set at 10.091–11.011 — positive fundamentals but largely already priced in. Read More.
• Negative Sentiment: Insider selling: VP David Foskett sold 266 shares at an average $237 on Feb. 5 (reducing his stake ~2.4%), a small but visible insider sale that may spook short‑term sentiment. Read More.
• Negative Sentiment: Another VP, Brian L. Michaud, sold 1,000 shares at ~$234.18 on Feb. 6 (a ~6.1% reduction in his holding), adding to the insider selling narrative that coincided with a new 12‑month low. Read More.
• Negative Sentiment: Analyst action: Stifel cut its price target from $280 to $270 and kept a “hold” rating, signaling more cautious near‑term expectations and contributing to downward pressure. Read More.
• Negative Sentiment: Market commentary flagged ADP hitting a new 12‑month low amid the recent insider sales and analyst downgrades — a technical/psychological negative for momentum traders. Read More.

Insider Activity at Automatic Data Processing

In related news, VP David Kwon sold 806 shares of Automatic Data Processing stock in a transaction dated Monday, January 12th. The stock was 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 approximately $2,962,317.60. This trade represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher D’ambrosio sold 543 shares of the company’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 value of $142,423.47. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,515 shares of company stock worth $887,074 over the last quarter. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ADP has been the subject of several analyst reports. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $230.00 target price (down previously from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Cantor Fitzgerald began coverage on Automatic Data Processing in a research report on Tuesday, January 27th. They set an “overweight” rating and a $306.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Stifel Nicolaus lowered their price objective on shares of Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a research report on Monday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $290.00.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $226.63 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a fifty-two week low of $224.93 and a fifty-two week high of $329.93. The business has a 50 day moving average price of $256.02 and a two-hundred day moving average price of $274.75. The firm has a market cap of $91.25 billion, a PE ratio of 21.79 and a beta of 0.85.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, beating the consensus estimate of $2.57 by $0.05. Automatic Data Processing had a return on equity of 68.44% and a net margin of 19.96%.The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the prior year, the business posted $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. Sell-side analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

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

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Friday, March 13th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 65.38%.

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.