Automatic Data Processing, Inc. $ADP Stock Position Decreased by Florida Financial Advisors LLC

Florida Financial Advisors LLC cut its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 63.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,192 shares of the business services provider’s stock after selling 3,851 shares during the quarter. Florida Financial Advisors LLC’s holdings in Automatic Data Processing were worth $565,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ADP. Nomura Asset Management Co. Ltd. raised its holdings in shares of Automatic Data Processing by 2.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 282,110 shares of the business services provider’s stock worth $72,567,000 after acquiring an additional 6,314 shares in the last quarter. Rockline Wealth Management LLC raised its holdings in shares of Automatic Data Processing by 1.7% during the fourth quarter. Rockline Wealth Management LLC now owns 13,816 shares of the business services provider’s stock worth $3,554,000 after acquiring an additional 227 shares in the last quarter. Verity & Verity LLC raised its holdings in shares of Automatic Data Processing by 12.3% during the fourth quarter. Verity & Verity LLC now owns 3,847 shares of the business services provider’s stock worth $990,000 after acquiring an additional 420 shares in the last quarter. Essex Financial Services Inc. raised its holdings in shares of Automatic Data Processing by 4.0% during the fourth quarter. Essex Financial Services Inc. now owns 6,392 shares of the business services provider’s stock worth $1,644,000 after acquiring an additional 244 shares in the last quarter. Finally, Founders Financial Securities LLC purchased a new stake in shares of Automatic Data Processing during the fourth quarter worth $1,768,000. 80.03% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction that occurred 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 directly owned 8,912 shares of the company’s stock, valued at approximately $1,857,706.40. The trade was a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Up 5.4%

ADP stock opened at $233.74 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The business’s 50-day simple moving average is $208.09 and its 200 day simple moving average is $230.62. The company has a market cap of $93.43 billion, a PE ratio of 21.80 and a beta of 0.83. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $329.93.

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

Automatic Data Processing Announces Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. Argus cut their price objective on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Mizuho cut their price objective on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Citigroup cut their price objective on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Wells Fargo & Company upgraded Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 target price on the stock in a report on Monday, May 18th. Finally, TD Cowen upgraded Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $249.00.

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.