Automatic Data Processing, Inc. $ADP Shares Sold by Procyon Advisors LLC

Procyon Advisors LLC trimmed its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 23.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,192 shares of the business services provider’s stock after selling 6,090 shares during the quarter. Procyon Advisors LLC’s holdings in Automatic Data Processing were worth $5,194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in ADP. Brady Family Wealth LLC increased its stake in Automatic Data Processing by 4.9% during the fourth quarter. Brady Family Wealth LLC now owns 16,914 shares of the business services provider’s stock valued at $4,351,000 after purchasing an additional 787 shares during the last quarter. Harbor Investment Advisory LLC lifted its position in shares of Automatic Data Processing by 3.2% in the 4th quarter. Harbor Investment Advisory LLC now owns 4,392 shares of the business services provider’s stock worth $1,130,000 after buying an additional 137 shares during the last quarter. Fragasso Financial Advisors Inc lifted its position in shares of Automatic Data Processing by 24.3% in the 4th quarter. Fragasso Financial Advisors Inc now owns 7,527 shares of the business services provider’s stock worth $1,936,000 after buying an additional 1,470 shares during the last quarter. Exeter Financial LLC boosted its holdings in shares of Automatic Data Processing by 3.3% in the 4th quarter. Exeter Financial LLC now owns 10,449 shares of the business services provider’s stock valued at $2,688,000 after buying an additional 330 shares during the period. Finally, Precedent Wealth Partners LLC boosted its holdings in shares of Automatic Data Processing by 1.8% in the 4th quarter. Precedent Wealth Partners LLC now owns 7,411 shares of the business services provider’s stock valued at $1,906,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In other news, VP David Foskett sold 266 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $237.00, for a total value of $63,042.00. Following the sale, the vice president owned 10,954 shares of the company’s stock, valued at approximately $2,596,098. The trade was a 2.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Brian L. Michaud sold 1,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $234.18, for a total value of $234,180.00. Following the transaction, the vice president directly owned 15,310 shares of the company’s stock, valued at $3,585,295.80. This represents a 6.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,058 shares of company stock valued at $1,000,263 in the last quarter. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. 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 research note on Thursday, January 29th. Wells Fargo & Company decreased their target price on Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating for the company in a research note on Thursday, January 29th. Stifel Nicolaus lowered their target price on Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a report on Monday, February 9th. Guggenheim began coverage on Automatic Data Processing in a research report on Thursday. They set a “buy” rating and a $270.00 price target on the stock. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $230.00 price target (down from $245.00) on shares of Automatic Data Processing in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and an average target price of $288.46.

Trending Headlines about Automatic Data Processing

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

• Positive Sentiment: Guggenheim initiated coverage of ADP with a Buy / Strong‑Buy rating and a $270 price target (roughly ~29% upside from recent levels); the firm argued AI fears are premature and flagged ADP’s durable cash flows and dividend profile as positives. Guggenheim initiates coverage of Automatic Data Processing (ADP) with buy recommendation Guggenheim Initiates ADP as Buy, Says Fears around AI Are Premature Zacks summary
• Neutral Sentiment: ADP was highlighted in dividend-stock writeups (InsiderMonkey / other outlets) emphasizing its ~3%+ yield and steady income characteristics — supports longer-term investor interest but is not an immediate catalyst. 5 Dividend Stocks to Buy for Steady Income
• Neutral Sentiment: Published short‑interest data in feeds shows a large March “increase,” but the print is internally inconsistent (zeros/NaN). This appears to be a data error and shouldn’t be treated as a genuine short‑squeeze signal without corrected filings.
• Negative Sentiment: MarketWatch noted ADP underperformed peers recently despite some daily gains, a reminder that positive analyst notes don’t always produce immediate outperformance — investors may be taking profits or reacting to broader market/sector pressure. Automatic Data Processing Inc. stock underperforms

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $208.72 on Friday. Automatic Data Processing, Inc. has a fifty-two week low of $203.26 and a fifty-two week high of $329.93. The stock has a market cap of $84.04 billion, a P/E ratio of 20.07 and a beta of 0.86. The firm’s 50-day simple moving average is $229.28 and its 200 day simple moving average is $256.66. 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 posted its quarterly earnings data on Wednesday, January 28th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.05. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period last year, the firm posted $2.35 earnings per share. The business’s 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. Equities analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

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

Automatic Data Processing Announces Dividend

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

Automatic Data Processing Company 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.