Automatic Data Processing, Inc. $ADP is First Long Island Investors LLC’s 5th Largest Position

First Long Island Investors LLC decreased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,096 shares of the business services provider’s stock after selling 8,652 shares during the quarter. Automatic Data Processing accounts for approximately 4.1% of First Long Island Investors LLC’s holdings, making the stock its 5th biggest position. First Long Island Investors LLC’s holdings in Automatic Data Processing were worth $55,793,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Fisher Asset Management LLC lifted its position in shares of Automatic Data Processing by 20.9% in the third quarter. Fisher Asset Management LLC now owns 6,619 shares of the business services provider’s stock worth $1,943,000 after purchasing an additional 1,142 shares in the last quarter. Cobblestone Capital Advisors LLC NY boosted its stake in shares of Automatic Data Processing by 1.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 2,764 shares of the business services provider’s stock valued at $811,000 after buying an additional 44 shares during the period. Hendershot Investments Inc. grew its holdings in shares of Automatic Data Processing by 0.6% during the 3rd quarter. Hendershot Investments Inc. now owns 68,735 shares of the business services provider’s stock valued at $20,174,000 after acquiring an additional 435 shares in the last quarter. New Age Alpha Advisors LLC increased its stake in shares of Automatic Data Processing by 58.4% in the third quarter. New Age Alpha Advisors LLC now owns 30,138 shares of the business services provider’s stock worth $8,846,000 after acquiring an additional 11,111 shares during the last quarter. Finally, Arete Wealth Advisors LLC grew its position in Automatic Data Processing by 2.0% in the third quarter. Arete Wealth Advisors LLC now owns 4,562 shares of the business services provider’s stock worth $1,335,000 after acquiring an additional 88 shares in the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADP has been the topic of several research analyst reports. Cantor Fitzgerald started coverage on shares of Automatic Data Processing in a research note on Tuesday, January 27th. They issued an “overweight” rating and a $306.00 price objective on the stock. Jefferies Financial Group reissued an “underperform” rating and set a $230.00 target price (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Citigroup cut their target price on 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. Wells Fargo & Company reduced their price objective on shares of Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Finally, JPMorgan Chase & Co. cut their price target on shares of Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating for the company in a research note on Thursday, January 29th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $290.00.

Insider Buying and Selling

In related news, VP David Foskett sold 266 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $237.00, for a total value of $63,042.00. Following the sale, the vice president directly owned 10,954 shares in the company, valued at $2,596,098. This trade represents a 2.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David Kwon sold 806 shares of Automatic Data Processing stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $264.80, for a total transaction of $213,428.80. Following the transaction, the vice president directly owned 11,187 shares in the company, valued at $2,962,317.60. The trade was a 6.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,515 shares of company stock valued at $887,074. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Down 1.8%

Shares of ADP stock opened at $214.36 on Monday. The company has a market capitalization of $86.31 billion, a P/E ratio of 20.61 and a beta of 0.86. Automatic Data Processing, Inc. has a 12-month low of $203.26 and a 12-month high of $329.93. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $242.81 and a 200 day moving average price of $265.81.

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

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, March 13th. Automatic Data Processing’s payout ratio is presently 65.38%.

Automatic Data Processing announced that its board has approved a share buyback plan on Wednesday, January 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the business services provider to buy up to 5.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

About Automatic Data Processing

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.