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

Frank Rimerman Advisors LLC lowered its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 39.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,153 shares of the business services provider’s stock after selling 3,378 shares during the period. Frank Rimerman Advisors LLC’s holdings in Automatic Data Processing were worth $1,326,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ADP. Vanguard Group Inc. grew its stake in Automatic Data Processing by 0.9% in the third quarter. Vanguard Group Inc. now owns 41,689,633 shares of the business services provider’s stock worth $12,235,907,000 after purchasing an additional 389,451 shares in the last quarter. State Street Corp increased its holdings in Automatic Data Processing by 1.0% in the second quarter. State Street Corp now owns 18,782,407 shares of the business services provider’s stock valued at $5,820,445,000 after buying an additional 187,415 shares during the last quarter. Capital Research Global Investors raised its stake in Automatic Data Processing by 1.5% during the third quarter. Capital Research Global Investors now owns 8,021,194 shares of the business services provider’s stock valued at $2,354,220,000 after buying an additional 116,074 shares in the last quarter. Wellington Management Group LLP raised its stake in Automatic Data Processing by 47.8% during the third quarter. Wellington Management Group LLP now owns 6,830,294 shares of the business services provider’s stock valued at $2,004,691,000 after buying an additional 2,208,927 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in Automatic Data Processing by 5.7% during the 3rd quarter. Invesco Ltd. now owns 4,837,993 shares of the business services provider’s stock worth $1,419,951,000 after buying an additional 261,312 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Buying and Selling

In other news, VP David Kwon sold 900 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $260.00, for a total transaction of $234,000.00. Following the completion of the transaction, the vice president owned 11,993 shares of the company’s stock, valued at approximately $3,118,180. The trade was a 6.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Christopher D’ambrosio sold 543 shares of the company’s stock in a transaction dated 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 disclosure for this sale is available in the SEC filing. Insiders have sold 4,058 shares of company stock valued at $1,000,263 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP opened at $201.28 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.62. The firm’s 50-day moving average price is $220.50 and its two-hundred day moving average price is $251.46. Automatic Data Processing, Inc. has a 52-week low of $197.08 and a 52-week high of $329.93. The stock has a market capitalization of $81.04 billion, a P/E ratio of 19.35 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, beating the consensus estimate of $2.57 by $0.05. The company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.34 billion. Automatic Data Processing had a return on equity of 68.44% and a net margin of 19.96%.The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.35 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. As a group, sell-side analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing declared that its board has initiated a share repurchase plan on Wednesday, January 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the business services provider to purchase up to 5.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, March 13th. Automatic Data Processing’s dividend payout ratio is presently 65.38%.

Analysts Set New Price Targets

Several research analysts have recently commented on ADP shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Jefferies Financial Group reissued an “underperform” rating and set a $230.00 price target (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Wells Fargo & Company reduced their price objective on Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating on the stock in a research note on Friday, March 27th. JPMorgan Chase & Co. decreased their price objective on shares of 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, Guggenheim initiated coverage on shares of Automatic Data Processing in a research note on Thursday, March 19th. They set a “buy” rating and a $270.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $284.77.

Key Stories Impacting Automatic Data Processing

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

• Positive Sentiment: ADP’s own March National Employment Report showed private sector employment rose +62,000 and annual pay was up 4.5%, data that supports continued demand for payroll and HR services. ADP National Employment Report
• Positive Sentiment: ADP research shows small private firms (sub-50 employees) drove the bulk of payroll gains last month (+85k in a cited dataset), a favorable trend for ADP’s SMB-facing products. No Foolin’: ADP Jobs Led by Small Companies
• Positive Sentiment: Analyst commentary urging investors to retain ADP points to steady revenue growth, rising EPS outlook and a strong dividend track record — supportive for longer‑term holders. Here’s Why You Should Retain ADP Stock
• Neutral Sentiment: UBS reaffirmed a Hold rating on ADP, signaling no immediate upside from that shop but not a fresh sell signal either. UBS Reaffirms Hold on ADP
• Negative Sentiment: Investors advanced an ERISA suit over ADP 401(k) plan fees — potential legal exposure and reputational risk that can pressure the stock. ADP 401(k) Investors Advance ERISA Suit
• Negative Sentiment: Wells Fargo cut its price target sharply (to $214 from $262) and reiterated an Underweight rating, citing multiple‑compression — a clear near‑term headwind for investor sentiment. Wells Fargo Cuts Price Target on ADP
• Negative Sentiment: Short interest in ADP rose ~18% in March, indicating increasing bearish bets that can amplify downside pressure if sentiment deteriorates. ADP Short Interest Up 18%
• Negative Sentiment: High‑profile criticism from commentators (e.g., Jim Cramer) that the company can be “disenfranchised” like peers may accelerate fund flow out of the name and weigh on retail sentiment. Jim Cramer on ADP

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.