TD Asset Management Inc Sells 11,336 Shares of Automatic Data Processing, Inc. $ADP

TD Asset Management Inc decreased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 741,808 shares of the business services provider’s stock after selling 11,336 shares during the period. TD Asset Management Inc’s holdings in Automatic Data Processing were worth $217,721,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. America First Investment Advisors LLC raised its position in shares of Automatic Data Processing by 0.4% during the 3rd quarter. America First Investment Advisors LLC now owns 82,512 shares of the business services provider’s stock valued at $24,217,000 after acquiring an additional 304 shares during the last quarter. Mufg Securities Americas Inc. lifted its stake in Automatic Data Processing by 21.4% in the third quarter. Mufg Securities Americas Inc. now owns 10,923 shares of the business services provider’s stock valued at $3,206,000 after buying an additional 1,927 shares during the period. Lake Street Private Wealth LLC boosted its holdings in Automatic Data Processing by 9.2% during the third quarter. Lake Street Private Wealth LLC now owns 2,609 shares of the business services provider’s stock worth $766,000 after buying an additional 220 shares during the last quarter. First Financial Bankshares Inc grew its position in shares of Automatic Data Processing by 16.5% during the 3rd quarter. First Financial Bankshares Inc now owns 1,217 shares of the business services provider’s stock worth $357,000 after buying an additional 172 shares during the period. Finally, Compound Planning Inc. increased its stake in shares of Automatic Data Processing by 1.7% in the 3rd quarter. Compound Planning Inc. now owns 5,215 shares of the business services provider’s stock valued at $1,531,000 after acquiring an additional 88 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ADP shares. Wells Fargo & Company decreased their price objective on shares of Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Citigroup reduced their price target on shares of Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Stifel Nicolaus lowered their price objective on shares of 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. Morgan Stanley dropped their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research note on Thursday, January 29th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $230.00 target price (down from $245.00) on shares of Automatic Data Processing in a research note on Tuesday, December 16th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $290.00.

Automatic Data Processing Trading Down 0.1%

ADP opened at $205.52 on Wednesday. The stock has a market capitalization of $82.75 billion, a P/E ratio of 19.76 and a beta of 0.85. 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 12 month low of $203.26 and a 12 month high of $329.93. The firm’s fifty day simple moving average is $245.55 and its 200 day simple moving average is $267.65.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, January 28th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.05. The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Automatic Data Processing had a return on equity of 68.44% and a net margin of 19.96%.The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.35 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. As a group, research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

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

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

Insider Transactions at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $262.29, for a total value of $142,423.47. Following the sale, the vice president owned 9,998 shares of the company’s stock, valued at $2,622,375.42. The trade was a 5.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP David Kwon sold 806 shares of the stock in a transaction on Monday, January 12th. The stock was sold at an average price of $264.80, for a total transaction of $213,428.80. Following the transaction, the vice president owned 11,187 shares of the company’s stock, valued at $2,962,317.60. The trade was a 6.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,515 shares of company stock worth $887,074. 0.20% of the stock is currently owned by insiders.

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.