Automatic Data Processing, Inc. $ADP Stock Holdings Lowered by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. lessened its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 71.8% during the fourth quarter, Holdings Channel reports. The fund owned 7,435 shares of the business services provider’s stock after selling 18,939 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Automatic Data Processing were worth $1,913,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. PGIM Custom Harvest LLC grew its position in Automatic Data Processing by 4.9% in the 2nd quarter. PGIM Custom Harvest LLC now owns 722 shares of the business services provider’s stock worth $223,000 after purchasing an additional 34 shares during the last quarter. Heritage Wealth Management Inc. boosted its position in shares of Automatic Data Processing by 1.1% during the second quarter. Heritage Wealth Management Inc. now owns 3,340 shares of the business services provider’s stock worth $1,030,000 after buying an additional 35 shares during the period. Fairvoy Private Wealth LLC boosted its position in shares of Automatic Data Processing by 4.2% during the third quarter. Fairvoy Private Wealth LLC now owns 863 shares of the business services provider’s stock worth $253,000 after buying an additional 35 shares during the period. Central Pacific Bank Trust Division grew its holdings in Automatic Data Processing by 4.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 889 shares of the business services provider’s stock worth $261,000 after buying an additional 37 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC increased its position in Automatic Data Processing by 2.7% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 1,431 shares of the business services provider’s stock valued at $420,000 after acquiring an additional 38 shares during the period. 80.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ADP shares. Jefferies Financial Group reaffirmed an “underperform” rating and set a $230.00 target price (down from $245.00) on shares of Automatic Data Processing in a research note on Tuesday, December 16th. Wells Fargo & Company lowered their price target on Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating on the stock in a report on Friday. Stifel Nicolaus reduced 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 report on Monday, February 9th. Guggenheim began coverage on shares of Automatic Data Processing in a research report on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price for the company. Finally, Citigroup lowered their target price 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 analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $284.77.

Automatic Data Processing Price Performance

Shares of ADP stock opened at $201.25 on Monday. Automatic Data Processing, Inc. has a 1 year low of $198.59 and a 1 year high of $329.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.03. The business’s fifty day moving average is $223.75 and its 200-day moving average is $253.10. The stock has a market cap of $81.03 billion, a PE ratio of 19.35 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data 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 business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the prior year, the firm posted $2.35 earnings per share. The company’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 earnings per share for the current fiscal year.

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. This represents a $6.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Friday, March 13th. Automatic Data Processing’s dividend payout ratio is presently 65.38%.

Automatic Data Processing announced that its Board of Directors has approved a share repurchase 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 stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at Automatic Data Processing

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

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.