Automatic Data Processing, Inc. $ADP Shares Sold by Unique Wealth LLC

Unique Wealth LLC reduced its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 55.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 2,383 shares of the business services provider’s stock after selling 2,924 shares during the quarter. Unique Wealth LLC’s holdings in Automatic Data Processing were worth $484,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Northcape Wealth Management LLC lifted its holdings in Automatic Data Processing by 0.6% in the fourth quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock valued at $1,692,000 after acquiring an additional 39 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC increased its stake in Automatic Data Processing by 0.3% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,179 shares of the business services provider’s stock worth $4,455,000 after acquiring an additional 41 shares during the last quarter. Rathbones Group PLC increased its stake in Automatic Data Processing by 1.1% during the fourth quarter. Rathbones Group PLC now owns 4,027 shares of the business services provider’s stock worth $1,036,000 after acquiring an additional 42 shares during the last quarter. Zullo Investment Group Inc. raised its position in Automatic Data Processing by 2.3% in the fourth quarter. Zullo Investment Group Inc. now owns 1,885 shares of the business services provider’s stock valued at $485,000 after purchasing an additional 42 shares during the period. Finally, Trilogy Capital Inc. raised its position in Automatic Data Processing by 5.3% in the fourth quarter. Trilogy Capital Inc. now owns 850 shares of the business services provider’s stock valued at $219,000 after purchasing an additional 43 shares during the period. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Trading Down 1.6%

NASDAQ:ADP opened at $216.31 on Friday. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $315.98. The stock has a market cap of $86.47 billion, a P/E ratio of 20.18 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a 50-day simple moving average of $216.18 and a 200-day simple moving average of $226.80.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the firm posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, analysts anticipate that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.1%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s payout ratio is 63.43%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Citigroup lowered their target price on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Argus reduced their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Cantor Fitzgerald decreased their price objective on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Wells Fargo & Company raised shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price objective for the company in a research report on Monday, May 18th. Finally, UBS Group boosted their target price on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and an average target price of $244.29.

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.