Brasada Capital Management LP Sells 2,760 Shares of Automatic Data Processing, Inc. $ADP

Brasada Capital Management LP trimmed its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 56.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,171 shares of the business services provider’s stock after selling 2,760 shares during the quarter. Brasada Capital Management LP’s holdings in Automatic Data Processing were worth $549,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ADP. Northcape Wealth Management LLC lifted its position in shares of Automatic Data Processing by 0.6% during the 4th quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock worth $1,692,000 after buying an additional 39 shares during the last quarter. Private Advisory Group LLC lifted its position in shares of Automatic Data Processing by 4.8% during the 3rd quarter. Private Advisory Group LLC now owns 867 shares of the business services provider’s stock worth $254,000 after buying an additional 40 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Automatic Data Processing by 0.3% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,179 shares of the business services provider’s stock worth $4,455,000 after buying an additional 41 shares during the last quarter. Rathbones Group PLC lifted its position in shares of Automatic Data Processing by 1.1% during the 4th quarter. Rathbones Group PLC now owns 4,027 shares of the business services provider’s stock worth $1,036,000 after buying an additional 42 shares during the last quarter. Finally, Zullo Investment Group Inc. lifted its position in shares of Automatic Data Processing by 2.3% during the 4th quarter. Zullo Investment Group Inc. now owns 1,885 shares of the business services provider’s stock worth $485,000 after buying an additional 42 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $208.45, for a total value of $113,188.35. Following the completion of the transaction, the vice president owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This represents a 5.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by insiders.

Automatic Data Processing Price Performance

Shares of ADP opened at $226.21 on Friday. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $315.98. The business has a 50-day simple moving average of $212.58 and a two-hundred day simple moving average of $229.36. 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 stock has a market cap of $90.42 billion, a PE ratio of 21.10 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the prior year, the firm earned $3.06 EPS. The business’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. Analysts anticipate that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal 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 issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is presently 63.43%.

Analyst Ratings Changes

Several brokerages recently weighed in on ADP. Citigroup dropped their price objective on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. TD Cowen upgraded Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. Guggenheim began coverage on Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 price objective for the company. BMO Capital Markets dropped their price objective on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. Finally, Jefferies Financial Group dropped their price objective on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.