Zevin Asset Management LLC Trims Position in Automatic Data Processing, Inc. $ADP

Zevin Asset Management LLC lessened its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 12.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,981 shares of the business services provider’s stock after selling 11,786 shares during the period. Automatic Data Processing comprises about 3.5% of Zevin Asset Management LLC’s holdings, making the stock its 9th largest holding. Zevin Asset Management LLC’s holdings in Automatic Data Processing were worth $24,061,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Avalon Trust Co increased its stake in Automatic Data Processing by 31.6% in the 3rd quarter. Avalon Trust Co now owns 1,952 shares of the business services provider’s stock worth $573,000 after purchasing an additional 469 shares during the period. ROI Financial Advisors LLC grew its holdings in shares of Automatic Data Processing by 4.8% in the third quarter. ROI Financial Advisors LLC now owns 7,156 shares of the business services provider’s stock worth $2,100,000 after purchasing an additional 326 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Automatic Data Processing by 0.7% in the third quarter. Ameritas Investment Partners Inc. now owns 22,031 shares of the business services provider’s stock worth $6,466,000 after purchasing an additional 154 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Automatic Data Processing by 0.6% in the third quarter. OneDigital Investment Advisors LLC now owns 43,363 shares of the business services provider’s stock worth $12,727,000 after buying an additional 238 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ raised its holdings in Automatic Data Processing by 3.7% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 129,589 shares of the business services provider’s stock valued at $38,034,000 after buying an additional 4,636 shares during the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP David Kwon sold 806 shares of Automatic Data Processing stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $264.80, for a total value of $213,428.80. Following the completion of the transaction, the vice president owned 11,187 shares of the company’s stock, valued at $2,962,317.60. The trade was a 6.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David Foskett sold 266 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $237.00, for a total transaction of $63,042.00. Following the sale, the vice president directly owned 10,954 shares in the company, valued at $2,596,098. This trade represents a 2.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,515 shares of company stock worth $887,074. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ADP shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday, December 29th. JPMorgan Chase & Co. cut their target price on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating on the stock in a research note on Thursday, January 29th. Wells Fargo & Company reduced their price target on Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating on the stock in a report on Thursday, January 29th. Cantor Fitzgerald assumed coverage on Automatic Data Processing in a report on Tuesday, January 27th. They issued an “overweight” rating and a $306.00 price objective for the company. Finally, Stifel Nicolaus cut their price objective on Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating on the stock in a research report on Monday, February 9th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and a consensus price target of $290.00.

Automatic Data Processing Price Performance

ADP opened at $214.47 on Monday. The stock has a fifty day simple moving average of $247.87 and a two-hundred day simple moving average of $269.05. The company has a market cap of $86.35 billion, a price-to-earnings ratio of 20.62 and a beta of 0.85. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 12-month low of $208.62 and a 12-month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, January 28th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.05. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period last year, the company posted $2.35 EPS. Automatic Data Processing’s revenue was up 6.2% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. Research analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing announced that its Board of Directors has authorized a stock buyback plan on Wednesday, January 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the business services provider to reacquire up to 5.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Automatic Data Processing Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, March 13th. Automatic Data Processing’s payout ratio is currently 65.38%.

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.