1,985 Automatic Data Processing, Inc. $ADP Shares Bought by Pinkerton Wealth LLC

Pinkerton Wealth LLC grew its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,604 shares of the business services provider’s stock after purchasing an additional 1,985 shares during the quarter. Pinkerton Wealth LLC’s holdings in Automatic Data Processing were worth $6,091,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Virtue Capital Management LLC acquired a new position in shares of Automatic Data Processing in the 3rd quarter valued at $251,000. Greenleaf Trust increased its stake in Automatic Data Processing by 1.0% during the third quarter. Greenleaf Trust now owns 18,350 shares of the business services provider’s stock worth $4,735,000 after acquiring an additional 180 shares during the last quarter. Bell Investment Advisors Inc raised its holdings in Automatic Data Processing by 107.2% in the third quarter. Bell Investment Advisors Inc now owns 518 shares of the business services provider’s stock valued at $134,000 after buying an additional 268 shares during the period. Columbia Bank raised its stake in shares of Automatic Data Processing by 9.2% in the 3rd quarter. Columbia Bank now owns 3,061 shares of the business services provider’s stock valued at $790,000 after acquiring an additional 259 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Automatic Data Processing during the third quarter worth about $179,592,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Automatic Data Processing

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: Raised fiscal 2027 outlook: ADP now forecasts 10%–12% growth in adjusted earnings per share and raised its outlook for client-funds interest revenue to $1.59 billion–$1.61 billion. The improved guidance is the clearest near-term catalyst for the stock. ADP forecasts fiscal 2027 adjusted EPS growth
• Positive Sentiment: Quarterly results exceeded expectations: ADP reported earnings of $2.82 per share versus the $2.77 consensus estimate, while revenue of $5.49 billion modestly topped forecasts and increased 6.1% year over year. Management also highlighted AI momentum during the earnings call. ADP fiscal 2027 first-quarter results
• Positive Sentiment: Some analysts see additional upside: Guggenheim reaffirmed a Buy rating with a $340 price target, while Stifel raised its target to $305. Jefferies also lifted its target, although it retained an Underperform rating. Guggenheim ADP rating
• Neutral Sentiment: Expansion in small-business payroll: ADP is broadening its reach among small-business customers, a move that could support long-term client and revenue growth but may require additional investment. ADP small-business payroll expansion
• Negative Sentiment: Valuation and analyst caution: Citi, Morgan Stanley, and RBC maintain neutral or equivalent ratings with targets around $288–$295, while Jefferies remains bearish. A Seeking Alpha analysis also argues that investors should not chase the rally despite ADP’s attractive dividend-growth record. ADP dividend growth and valuation analysis

Insider Buying and Selling at Automatic Data Processing

In related news, VP David Kwon sold 798 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $280.00, for a total value of $223,440.00. Following the sale, the vice president directly owned 13,193 shares in the company, valued at $3,694,040. The trade was a 5.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Maria Black sold 29,810 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $280.91, for a total value of $8,373,927.10. Following the completion of the transaction, the chief executive officer directly owned 80,624 shares in the company, valued at $22,648,087.84. This represents a 26.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 31,359 shares of company stock valued at $8,809,422 in the last ninety days. 0.15% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. UBS Group lifted their price target on shares of Automatic Data Processing from $260.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 22nd. Cantor Fitzgerald raised their target price on Automatic Data Processing from $295.00 to $310.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Citigroup raised their target price on Automatic Data Processing from $287.00 to $295.00 and gave the company a “neutral” rating in a research note on Thursday. BMO Capital Markets lifted their target price on Automatic Data Processing from $248.00 to $305.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. Finally, Guggenheim reiterated a “buy” rating and issued a $340.00 price target on shares of Automatic Data Processing in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and an average target price of $283.27.

Automatic Data Processing Price Performance

Shares of Automatic Data Processing stock opened at $293.84 on Monday. The stock has a market capitalization of $116.43 billion, a price-to-earnings ratio of 26.05, a PEG ratio of 2.64 and a beta of 0.83. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $309.40. The company has a current ratio of 1.03, a quick ratio of 1.05 and a debt-to-equity ratio of 0.98. The business’s 50 day simple moving average is $277.25 and its 200-day simple moving average is $240.83.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, October 28th. The business services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. Automatic Data Processing had a net margin of 20.33% and a return on equity of 77.01%. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the firm posted $2.49 EPS. Automatic Data Processing’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts forecast that Automatic Data Processing, Inc. will post 12.36 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Friday, September 11th were issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, September 11th. Automatic Data Processing’s payout ratio is presently 60.28%.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc (NASDAQ: ADP) is a global provider of human capital management and business outsourcing solutions. The company helps employers manage payroll, human resources, workforce administration, benefits, tax compliance, time and attendance, talent management, and related employment processes.

ADP offers cloud-based platforms and services designed for businesses of various sizes, from small enterprises to large organizations. Its portfolio includes payroll processing, human resources management, employee benefits administration, retirement services, workforce management, data analytics, and professional employer organization services through ADP TotalSource.

Founded in 1949, ADP serves businesses in the United States and international markets.