Trueblood Wealth Management LLC Cuts Stock Position in Automatic Data Processing, Inc. $ADP

Trueblood Wealth Management LLC trimmed its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 45.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,115 shares of the business services provider’s stock after selling 2,623 shares during the quarter. Trueblood Wealth Management LLC’s holdings in Automatic Data Processing were worth $801,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Imprint Wealth LLC purchased a new stake in shares of Automatic Data Processing during the third quarter worth $25,000. Howard Hughes Medical Institute purchased a new position in Automatic Data Processing in the second quarter worth approximately $27,000. TruNorth Capital Management LLC acquired a new position in Automatic Data Processing during the 3rd quarter worth approximately $28,000. Cloud Capital Management LLC acquired a new position in Automatic Data Processing during the 3rd quarter worth approximately $29,000. Finally, Board of the Pension Protection Fund purchased a new stake in shares of Automatic Data Processing in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $204.01 on Monday. The stock has a fifty day moving average price of $218.31 and a two-hundred day moving average price of $249.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $82.14 billion, a price-to-earnings ratio of 19.62 and a beta of 0.85. Automatic Data Processing, Inc. has a 1 year low of $197.08 and a 1 year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released 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. The firm had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.34 billion. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.35 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. As a group, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing announced that its Board of Directors has initiated a stock 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 reacquire up to 5.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were given a dividend of $1.70 per share. The ex-dividend date was Friday, March 13th. This represents a $6.80 dividend on an annualized basis and a yield of 3.3%. Automatic Data Processing’s payout ratio is presently 65.38%.

Insider Buying and Selling

In other news, VP David Foskett sold 266 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was 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 represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian L. Michaud sold 1,000 shares of Automatic Data Processing stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $234.18, for a total transaction of $234,180.00. Following the sale, the vice president owned 15,310 shares of the company’s stock, valued at approximately $3,585,295.80. This trade represents a 6.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 4,058 shares of company stock valued at $1,000,263. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 29th. Morgan Stanley decreased their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Thursday, January 29th. Wells Fargo & Company reduced their price objective on shares of Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating for the company in a research report on Friday, March 27th. Cantor Fitzgerald began 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 for the company. Finally, Guggenheim started coverage on Automatic Data Processing in a research report on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $284.77.

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.