Exchange Traded Concepts LLC Buys 2,479 Shares of Automatic Data Processing, Inc. $ADP

Exchange Traded Concepts LLC grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 18.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,762 shares of the business services provider’s stock after purchasing an additional 2,479 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Automatic Data Processing were worth $4,054,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADP. Imprint Wealth LLC bought a new position in shares of Automatic Data Processing in the third quarter valued at $25,000. Howard Hughes Medical Institute bought a new stake in Automatic Data Processing during the second quarter worth $27,000. TruNorth Capital Management LLC acquired a new stake in Automatic Data Processing in the third quarter valued at $28,000. Cloud Capital Management LLC acquired a new stake in Automatic Data Processing in the third quarter valued at $29,000. Finally, Y.D. More Investments Ltd bought a new position in shares of Automatic Data Processing in the 3rd quarter valued at about $32,000. Institutional investors own 80.03% of the company’s stock.

Insider Activity at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the sale, the vice president owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This trade represents a 5.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Brian L. Michaud sold 1,000 shares of Automatic Data Processing 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 sale, the vice president directly 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. Over the last three months, insiders have sold 4,058 shares of company stock worth $1,000,263. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

ADP has been the topic of a number of recent analyst reports. Guggenheim started coverage on Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating for the company in a research report on Thursday, January 29th. Cantor Fitzgerald started coverage on Automatic Data Processing in a research note on Tuesday, January 27th. They set an “overweight” rating and a $306.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday, December 29th. Finally, Wells Fargo & Company dropped their price target on Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating on the stock in a research note on Friday. One 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $284.77.

Automatic Data Processing Stock Performance

Shares of NASDAQ:ADP opened at $205.47 on Tuesday. Automatic Data Processing, Inc. has a 12-month low of $198.59 and a 12-month high of $329.93. The company’s 50 day moving average price is $222.65 and its two-hundred day moving average price is $252.45. The firm has a market cap of $82.73 billion, a PE ratio of 19.76 and a beta of 0.86. 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 results on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, beating 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 return on equity of 68.44% and a net margin of 19.96%.Automatic Data Processing’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.35 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. Equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

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

Automatic Data Processing Dividend Announcement

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

About Automatic Data Processing

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.