O Shaughnessy Asset Management LLC Sells 20,066 Shares of Automatic Data Processing, Inc. $ADP

O Shaughnessy Asset Management LLC lessened its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 13.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 127,843 shares of the business services provider’s stock after selling 20,066 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Automatic Data Processing were worth $32,885,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ADP. Manchester Capital Management LLC grew its holdings in Automatic Data Processing by 22.1% in the 4th quarter. Manchester Capital Management LLC now owns 4,019 shares of the business services provider’s stock valued at $1,034,000 after buying an additional 728 shares during the last quarter. HFR Wealth Management LLC boosted its position in shares of Automatic Data Processing by 0.7% in the fourth quarter. HFR Wealth Management LLC now owns 48,312 shares of the business services provider’s stock valued at $12,427,000 after acquiring an additional 326 shares during the period. Clearbridge Investments LLC boosted its position in shares of Automatic Data Processing by 133.3% in the fourth quarter. Clearbridge Investments LLC now owns 1,687,793 shares of the business services provider’s stock valued at $434,151,000 after acquiring an additional 964,405 shares during the period. SouthState Bank Corp grew its stake in shares of Automatic Data Processing by 1.5% in the fourth quarter. SouthState Bank Corp now owns 17,170 shares of the business services provider’s stock worth $4,417,000 after acquiring an additional 253 shares during the last quarter. Finally, Syon Capital LLC grew its stake in shares of Automatic Data Processing by 6.9% in the fourth quarter. Syon Capital LLC now owns 7,175 shares of the business services provider’s stock worth $1,846,000 after acquiring an additional 461 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Insiders Place Their Bets

In related news, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction dated 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 owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.20% of the stock is currently owned by insiders.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP opened at $229.07 on Tuesday. The firm has a market capitalization of $91.57 billion, a price-to-earnings ratio of 21.37 and a beta of 0.84. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $325.84. The business has a fifty day simple moving average of $210.51 and a 200 day simple moving average of $229.83. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the company earned $3.06 earnings per share. The business’s 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 expect that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 3.0%. Automatic Data Processing’s payout ratio is presently 63.43%.

Analysts Set New Price Targets

Several research firms recently commented on ADP. Mizuho cut their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Argus decreased 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 report on Tuesday, May 5th. TD Cowen upgraded shares of Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. Guggenheim assumed coverage on shares of Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 price objective for the company. Finally, Robert W. Baird decreased their target price on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.