Bokf Na Has $5.75 Million Stock Position in Automatic Data Processing, Inc. $ADP

Bokf Na reduced its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 13.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,590 shares of the business services provider’s stock after selling 2,925 shares during the period. Bokf Na’s holdings in Automatic Data Processing were worth $5,750,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of ADP. Howard Hughes Medical Institute acquired a new position in Automatic Data Processing during the second quarter worth about $27,000. TruNorth Capital Management LLC acquired a new stake in shares of Automatic Data Processing in the 3rd quarter valued at approximately $28,000. Cloud Capital Management LLC bought a new stake in shares of Automatic Data Processing during the 3rd quarter valued at approximately $29,000. Y.D. More Investments Ltd bought a new stake in shares of Automatic Data Processing during the 3rd quarter valued at approximately $32,000. Finally, AlphaQuest LLC acquired a new position in Automatic Data Processing during the 3rd quarter worth approximately $38,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $262.29, for a total value of $142,423.47. Following the completion of the sale, the vice president owned 9,998 shares of the company’s stock, valued at approximately $2,622,375.42. This represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Brian L. Michaud sold 1,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $234.18, for a total value of $234,180.00. Following the transaction, the vice president owned 15,310 shares of the company’s stock, valued at $3,585,295.80. This trade represents a 6.13% 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. Corporate insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Down 2.6%

Shares of NASDAQ ADP opened at $207.45 on Friday. The firm has a 50 day moving average price of $235.47 and a two-hundred day moving average price of $260.90. The stock has a market cap of $83.53 billion, a P/E ratio of 19.95 and a beta of 0.86. Automatic Data Processing, Inc. has a 52-week low of $203.26 and a 52-week high of $329.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.03.

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

Automatic Data Processing announced that its board has approved a share buyback plan on Wednesday, January 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders 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 3.3%. The ex-dividend date is Friday, March 13th. Automatic Data Processing’s payout ratio is 65.38%.

Analyst Ratings Changes

A number of brokerages have weighed in on ADP. Citigroup cut their target price on shares of Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Stifel Nicolaus lowered their price target on shares of Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a report on Monday, February 9th. Morgan Stanley dropped their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research note on Thursday, January 29th. Jefferies Financial Group restated an “underperform” rating and set a $230.00 price objective (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Finally, Wells Fargo & Company lowered their target price on Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $290.00.

About Automatic Data Processing

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.