Automatic Data Processing, Inc. $ADP Shares Purchased by Columbus Macro LLC

Columbus Macro LLC boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 27.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,571 shares of the business services provider’s stock after acquiring an additional 6,837 shares during the quarter. Columbus Macro LLC’s holdings in Automatic Data Processing were worth $8,121,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing during the 3rd quarter worth $25,000. Howard Hughes Medical Institute acquired a new stake in shares of Automatic Data Processing in the second quarter valued at about $27,000. TruNorth Capital Management LLC purchased a new stake in Automatic Data Processing during the third quarter worth about $28,000. Cloud Capital Management LLC acquired a new position in Automatic Data Processing during the third quarter worth about $29,000. Finally, Board of the Pension Protection Fund acquired a new position in Automatic Data Processing during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $262.29, for a total transaction of $142,423.47. Following the transaction, the vice president owned 9,998 shares of the company’s stock, valued at $2,622,375.42. This represents a 5.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP David Kwon sold 900 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $260.00, for a total value of $234,000.00. Following the sale, the vice president owned 11,993 shares in the company, valued at $3,118,180. This trade represents a 6.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 4,058 shares of company stock valued at $1,000,263. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Price Performance

NASDAQ:ADP opened at $201.25 on Monday. Automatic Data Processing, Inc. has a 12-month low of $198.59 and a 12-month high of $329.93. The firm has a market cap of $81.03 billion, a price-to-earnings ratio of 19.35 and a beta of 0.86. The company’s 50-day moving average is $223.75 and its two-hundred day moving average is $253.10. 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 (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.05. The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.34 billion. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.35 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. Research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

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

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $1.70 dividend. The ex-dividend date is Friday, March 13th. This represents a $6.80 annualized dividend and a yield of 3.4%. Automatic Data Processing’s payout ratio is 65.38%.

Wall Street Analyst Weigh In

ADP has been the subject of a number of research reports. Guggenheim initiated 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 target for the company. Cantor Fitzgerald initiated coverage on Automatic Data Processing in a report on Tuesday, January 27th. They issued an “overweight” rating and a $306.00 price target on the stock. Wells Fargo & Company dropped 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. JPMorgan Chase & Co. reduced their price objective on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Finally, Morgan Stanley decreased their target price on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 29th. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and an average price target of $284.77.

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.