Automatic Data Processing, Inc. $ADP Shares Acquired by Novem Group

Novem Group grew its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 430.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,274 shares of the business services provider’s stock after buying an additional 3,469 shares during the period. Novem Group’s holdings in Automatic Data Processing were worth $1,100,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. BSW Wealth Partners raised its stake in Automatic Data Processing by 1.1% in the 3rd quarter. BSW Wealth Partners now owns 3,746 shares of the business services provider’s stock worth $1,099,000 after acquiring an additional 39 shares during the last quarter. CGC Financial Services LLC lifted its position in Automatic Data Processing by 13.7% during the 3rd quarter. CGC Financial Services LLC now owns 323 shares of the business services provider’s stock worth $95,000 after acquiring an additional 39 shares during the period. Coston McIsaac & Partners grew its stake in Automatic Data Processing by 13.2% during the 3rd quarter. Coston McIsaac & Partners now owns 335 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 39 shares during the last quarter. Northcape Wealth Management LLC grew its stake in Automatic Data Processing by 0.6% during the 4th quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock valued at $1,692,000 after purchasing an additional 39 shares during the last quarter. Finally, Private Advisory Group LLC increased its holdings in shares of Automatic Data Processing by 4.8% in the third quarter. Private Advisory Group LLC now owns 867 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 40 shares during the period. 80.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADP has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating for the company in a research note on Friday, March 27th. Stifel Nicolaus cut their price target on shares of Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating on the stock in a report on Monday, February 9th. UBS Group decreased their price objective on shares of Automatic Data Processing from $220.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Morgan Stanley dropped their price objective on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a report on Thursday, January 29th. Finally, Citigroup cut their price objective on shares of Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. 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 two have assigned a Sell rating to the company. Based on data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and a consensus price target of $273.85.

Insider Activity at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction 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 transaction, the vice president directly owned 8,912 shares in the company, valued at $1,857,706.40. The trade was a 5.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David Foskett sold 266 shares of the stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $237.00, for a total transaction of $63,042.00. Following the sale, the vice president directly owned 10,954 shares in the company, valued at $2,596,098. This trade represents a 2.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,809 shares of company stock worth $410,410 in the last three months. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Up 0.2%

Shares of ADP opened at $202.87 on Wednesday. The company has a market capitalization of $81.68 billion, a price-to-earnings ratio of 19.51 and a beta of 0.85. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $329.93. The stock’s 50-day moving average price is $208.23 and its 200-day moving average price is $242.18. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.62.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, January 28th. The business services provider reported $2.62 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.05. Automatic Data Processing had a return on equity of 68.44% and a net margin of 19.96%.The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period last year, the business earned $2.35 earnings per share. Automatic Data Processing’s quarterly revenue was up 6.2% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. On average, sell-side analysts predict that Automatic Data Processing, Inc. will post 10.96 EPS for the current year.

Automatic Data Processing declared that its Board of Directors has authorized a stock buyback plan on Wednesday, January 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the business services provider to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s payout ratio is 65.38%.

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.