Automatic Data Processing (NASDAQ:ADP) VP Christopher D’ambrosio Sells 543 Shares

Automatic Data Processing, Inc. (NASDAQ:ADP) VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction 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 sale, the vice president directly owned 8,912 shares of the company’s stock, valued at approximately $1,857,706.40. The trade was a 5.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Christopher D’ambrosio also recently made the following trade(s):

• On Tuesday, January 13th, Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock. The stock was sold at an average price of $262.29, for a total value of $142,423.47.

Automatic Data Processing Stock Up 0.3%

Shares of ADP traded up $0.62 during midday trading on Tuesday, reaching $209.73. 2,635,009 shares of the stock were exchanged, compared to its average volume of 3,327,752. The company has a market cap of $84.45 billion, a price-to-earnings ratio of 20.17 and a beta of 0.86. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 12-month low of $203.26 and a 12-month high of $329.93. The firm has a 50 day simple moving average of $233.62 and a 200-day simple moving average of $258.96.

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

Automatic Data Processing declared that its board has approved a stock buyback program on Wednesday, January 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 5.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Friday, March 13th. Automatic Data Processing’s dividend payout ratio is presently 65.38%.

Hedge Funds Weigh In On Automatic Data Processing

Institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in Automatic Data Processing by 92.1% during the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock worth $2,935,000 after buying an additional 4,808 shares in the last quarter. Bison Wealth LLC increased its position in Automatic Data Processing by 22.8% in the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after acquiring an additional 681 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of Automatic Data Processing by 21.8% in the second quarter. Schnieders Capital Management LLC. now owns 1,259 shares of the business services provider’s stock worth $388,000 after acquiring an additional 225 shares during the last quarter. Foundations Investment Advisors LLC raised its stake in shares of Automatic Data Processing by 12.4% in the second quarter. Foundations Investment Advisors LLC now owns 5,002 shares of the business services provider’s stock worth $1,543,000 after acquiring an additional 550 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of Automatic Data Processing by 6.4% during the second quarter. Avantax Advisory Services Inc. now owns 36,681 shares of the business services provider’s stock worth $11,312,000 after purchasing an additional 2,217 shares in the last quarter. 80.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ADP shares. JPMorgan Chase & Co. lowered their price objective on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating on the stock in a report on Thursday, January 29th. Cantor Fitzgerald began coverage on shares of Automatic Data Processing in a research report on Tuesday, January 27th. They set an “overweight” rating and a $306.00 target price on the stock. Morgan Stanley reduced their price target on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Thursday, January 29th. Stifel Nicolaus dropped their price objective on shares of Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating on the stock in a report on Monday, February 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.