Automatic Data Processing, Inc. $ADP Shares Sold by Bridges Investment Management Inc.

Bridges Investment Management Inc. decreased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,162 shares of the business services provider’s stock after selling 3,503 shares during the quarter. Bridges Investment Management Inc.’s holdings in Automatic Data Processing were worth $24,479,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ADP. Mitchell Capital Management Co. grew its stake in Automatic Data Processing by 325.0% during the 3rd quarter. Mitchell Capital Management Co. now owns 6,800 shares of the business services provider’s stock worth $1,996,000 after purchasing an additional 5,200 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Automatic Data Processing by 18.4% in the third quarter. Thrivent Financial for Lutherans now owns 138,215 shares of the business services provider’s stock valued at $40,566,000 after purchasing an additional 21,444 shares during the period. Hilltop Holdings Inc. acquired a new stake in shares of Automatic Data Processing in the 3rd quarter worth $5,292,000. Jefferies Financial Group Inc. acquired a new stake in shares of Automatic Data Processing in the 3rd quarter worth $2,794,000. Finally, Cibc World Market Inc. grew its stake in shares of Automatic Data Processing by 86.6% during the 3rd quarter. Cibc World Market Inc. now owns 93,586 shares of the business services provider’s stock worth $27,467,000 after purchasing an additional 43,438 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insiders Place Their Bets

In related news, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction on Monday, March 16th. The stock was sold at an average price of $208.45, for a total value of $113,188.35. Following the transaction, the vice president owned 8,912 shares in the company, valued at approximately $1,857,706.40. This trade represents a 5.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ADP has been the subject of several research reports. TD Cowen raised Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. Wells Fargo & Company raised Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price objective on the stock in a research note on Monday, May 18th. Mizuho decreased their price objective on Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Cantor Fitzgerald decreased their price objective on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Finally, Citigroup decreased their price objective on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $249.00.

Automatic Data Processing Stock Performance

Automatic Data Processing stock opened at $231.18 on Wednesday. The firm has a market capitalization of $92.41 billion, a P/E ratio of 21.57 and a beta of 0.84. The stock has a fifty day moving average price of $208.09 and a 200 day moving average price of $230.62. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $329.93. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating the consensus estimate of $3.30 by $0.07. The firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a $1.70 dividend. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 2.9%. Automatic Data Processing’s dividend payout ratio (DPR) is presently 63.43%.

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.