Automatic Data Processing, Inc. $ADP Stock Position Decreased by Richard C. Young & CO. LTD.

Richard C. Young & CO. LTD. trimmed its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 67,958 shares of the business services provider’s stock after selling 2,532 shares during the quarter. Automatic Data Processing makes up 1.9% of Richard C. Young & CO. LTD.’s holdings, making the stock its 23rd largest holding. Richard C. Young & CO. LTD.’s holdings in Automatic Data Processing were worth $19,946,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Level Four Advisory Services LLC raised its holdings in Automatic Data Processing by 6.0% during the 3rd quarter. Level Four Advisory Services LLC now owns 4,019 shares of the business services provider’s stock worth $1,180,000 after buying an additional 228 shares during the period. Focus Partners Advisor Solutions LLC increased its position in shares of Automatic Data Processing by 12.7% in the third quarter. Focus Partners Advisor Solutions LLC now owns 11,914 shares of the business services provider’s stock worth $3,331,000 after acquiring an additional 1,347 shares in the last quarter. Becker Capital Management Inc. raised its holdings in shares of Automatic Data Processing by 6.0% during the third quarter. Becker Capital Management Inc. now owns 2,603 shares of the business services provider’s stock valued at $768,000 after acquiring an additional 147 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of Automatic Data Processing by 0.4% during the third quarter. Kingsview Wealth Management LLC now owns 28,101 shares of the business services provider’s stock valued at $8,248,000 after acquiring an additional 104 shares during the period. Finally, Elo Mutual Pension Insurance Co lifted its position in shares of Automatic Data Processing by 1.5% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 51,185 shares of the business services provider’s stock valued at $15,023,000 after acquiring an additional 743 shares in the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADP has been the topic of several research analyst reports. Morgan Stanley lowered their price objective on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 29th. Stifel Nicolaus decreased their target price on Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a research report on Monday, February 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Jefferies Financial Group reissued an “underperform” rating and issued a $230.00 price objective (down from $245.00) on shares of Automatic Data Processing in a research note on Tuesday, December 16th. Finally, Citigroup decreased their price objective on Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $290.00.

Insider Transactions at Automatic Data Processing

In other news, VP Brian L. Michaud sold 1,000 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $234.18, for a total transaction of $234,180.00. Following the transaction, the vice president owned 15,310 shares in the company, valued at $3,585,295.80. This represents a 6.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction 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 completion of the sale, the vice president directly owned 9,998 shares of the company’s stock, valued at approximately $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. Over the last three months, insiders have sold 3,515 shares of company stock worth $887,074. Corporate insiders own 0.20% of the company’s stock.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $216.27 on Wednesday. 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, Inc. has a 1 year low of $203.26 and a 1 year high of $329.93. The business has a fifty day simple moving average of $241.10 and a 200 day simple moving average of $264.60. The firm has a market cap of $87.08 billion, a price-to-earnings ratio of 20.80 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, January 28th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter last year, the firm earned $2.35 earnings per share. The business’s revenue for the quarter 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 predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a $1.70 dividend. The ex-dividend date is Friday, March 13th. This represents a $6.80 dividend on an annualized basis and a yield of 3.1%. Automatic Data Processing’s dividend payout ratio is currently 65.38%.

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

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.