Oxbow Advisors LLC Increases Stock Position in Automatic Data Processing, Inc. $ADP

Oxbow Advisors LLC boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 401.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,630 shares of the business services provider’s stock after acquiring an additional 24,525 shares during the quarter. Oxbow Advisors LLC’s holdings in Automatic Data Processing were worth $7,879,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. CGC Financial Services LLC raised its stake in shares of Automatic Data Processing by 13.7% in the third quarter. CGC Financial Services LLC now owns 323 shares of the business services provider’s stock worth $95,000 after purchasing an additional 39 shares during the last quarter. Coston McIsaac & Partners increased its holdings in Automatic Data Processing by 13.2% in the 3rd quarter. Coston McIsaac & Partners now owns 335 shares of the business services provider’s stock worth $98,000 after buying an additional 39 shares in the last quarter. Northcape Wealth Management LLC increased its holdings in Automatic Data Processing by 0.6% in the 4th quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock worth $1,692,000 after buying an additional 39 shares in the last quarter. Private Advisory Group LLC raised its position in Automatic Data Processing by 4.8% in the 3rd quarter. Private Advisory Group LLC now owns 867 shares of the business services provider’s stock worth $254,000 after buying an additional 40 shares during the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC raised its position in Automatic Data Processing by 0.3% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,179 shares of the business services provider’s stock worth $4,455,000 after buying an additional 41 shares during the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Citigroup dropped their price target on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Stifel Nicolaus lowered their price objective on shares of Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. Wells Fargo & Company dropped their target price on shares of Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating on the stock in a report on Friday, March 27th. Robert W. Baird cut their target price on shares of Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Finally, BMO Capital Markets lowered their price target on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and an average target price of $253.50.

Insider Activity

In related news, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $208.45, for a total value of $113,188.35. Following the completion of the sale, the vice president directly owned 8,912 shares of the company’s stock, valued at approximately $1,857,706.40. This represents a 5.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Down 0.5%

NASDAQ:ADP opened at $212.99 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $85.14 billion, a price-to-earnings ratio of 19.87 and a beta of 0.83. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $329.93. The business has a fifty day moving average price of $206.79 and a 200-day moving average price of $236.48.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the business earned $3.06 earnings per share. Automatic Data Processing’s quarterly revenue was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Sell-side analysts forecast that Automatic Data Processing, Inc. will post 11.06 EPS for the current year.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s payout ratio is presently 63.43%.

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

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.