Focus Partners Advisor Solutions LLC Sells 2,201 Shares of Automatic Data Processing, Inc. $ADP

Focus Partners Advisor Solutions LLC cut its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 18.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,713 shares of the business services provider’s stock after selling 2,201 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Automatic Data Processing were worth $2,499,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Imprint Wealth LLC bought a new position in shares of Automatic Data Processing in the third quarter worth about $25,000. Board of the Pension Protection Fund bought a new position in shares of Automatic Data Processing in the fourth quarter worth about $31,000. Y.D. More Investments Ltd bought a new position in shares of Automatic Data Processing in the third quarter worth about $32,000. High Point Wealth Management LLC bought a new position in shares of Automatic Data Processing in the fourth quarter worth about $34,000. Finally, AlphaQuest LLC bought a new position in shares of Automatic Data Processing in the third quarter worth about $38,000. 80.03% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Automatic Data Processing Trading Down 0.0%

ADP opened at $231.10 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $92.38 billion, a price-to-earnings ratio of 21.56 and a beta of 0.84. The firm has a 50 day simple moving average of $211.62 and a 200 day simple moving average of $229.57. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last issued 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. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the firm earned $3.06 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, sell-side 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. Shareholders of record on Friday, June 12th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is presently 63.43%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ADP shares. Mizuho dropped their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Argus dropped their target price on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Guggenheim started coverage on shares of Automatic Data Processing in a research note on Thursday, March 19th. They set a “buy” rating and a $270.00 price target for the company. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. Finally, Wells Fargo & Company raised shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target for the company in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $244.29.

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.