Automatic Data Processing, Inc. $ADP Shares Purchased by Howland Capital Management LLC

Howland Capital Management LLC increased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 96,550 shares of the business services provider’s stock after acquiring an additional 3,474 shares during the quarter. Howland Capital Management LLC’s holdings in Automatic Data Processing were worth $24,989,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CI Investments Inc. boosted its position in Automatic Data Processing by 27.0% during the fourth quarter. CI Investments Inc. now owns 18,879 shares of the business services provider’s stock worth $4,856,000 after acquiring an additional 4,019 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its position in Automatic Data Processing by 0.9% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 27,087 shares of the business services provider’s stock worth $6,968,000 after acquiring an additional 238 shares during the last quarter. Laurel Oak Wealth Management LLC acquired a new position in Automatic Data Processing during the fourth quarter worth about $490,000. Hamilton Point Investment Advisors LLC boosted its position in Automatic Data Processing by 1.5% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 40,112 shares of the business services provider’s stock worth $10,386,000 after acquiring an additional 576 shares during the last quarter. Finally, Bank of Jackson Hole Trust boosted its position in Automatic Data Processing by 26.5% during the fourth quarter. Bank of Jackson Hole Trust now owns 1,509 shares of the business services provider’s stock worth $388,000 after acquiring an additional 316 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Trading Up 0.2%

NASDAQ ADP opened at $226.21 on Friday. The firm’s 50-day moving average is $212.58 and its two-hundred day moving average is $229.36. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98. 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 stock has a market capitalization of $90.42 billion, a P/E ratio of 21.10 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the prior year, the company posted $3.06 earnings per share. Automatic Data Processing’s revenue for the quarter was up 7.0% compared to the same quarter last year. 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be given a $1.70 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 3.0%. Automatic Data Processing’s dividend payout ratio is presently 63.43%.

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 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 transaction, the vice president directly owned 8,912 shares in the company, valued at $1,857,706.40. This represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Guggenheim assumed coverage on shares of 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. Stifel Nicolaus lowered their price target on shares of Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. BMO Capital Markets lowered their price target on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 7th. Citigroup lowered their price target on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Finally, TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $244.29.

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.