Wesbanco Bank Inc. Sells 2,610 Shares of Automatic Data Processing, Inc. $ADP

Wesbanco Bank Inc. decreased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 26.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,098 shares of the business services provider’s stock after selling 2,610 shares during the period. Wesbanco Bank Inc.’s holdings in Automatic Data Processing were worth $1,826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CGC Financial Services LLC raised its stake in Automatic Data Processing by 13.7% during the 3rd quarter. CGC Financial Services LLC now owns 323 shares of the business services provider’s stock worth $95,000 after acquiring an additional 39 shares during the period. Coston McIsaac & Partners raised its stake in Automatic Data Processing by 13.2% during the 3rd quarter. Coston McIsaac & Partners now owns 335 shares of the business services provider’s stock worth $98,000 after acquiring an additional 39 shares during the period. Northcape Wealth Management LLC raised its stake in 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 acquiring an additional 39 shares during the period. Private Advisory Group LLC raised its stake in 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 acquiring an additional 40 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC raised its stake in 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 acquiring an additional 41 shares during the period. Institutional investors own 80.03% of the company’s stock.

Insider Buying and Selling at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 543 shares of the firm’s 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 completion of the transaction, the vice president directly owned 8,912 shares of the company’s stock, valued at approximately $1,857,706.40. This trade represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Down 0.5%

ADP stock opened at $212.99 on Friday. The firm has a fifty day moving average price of $206.79 and a 200 day moving average price of $236.48. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $329.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market cap of $85.14 billion, a PE ratio of 19.87 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share 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 firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the firm 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. Sell-side analysts anticipate that Automatic Data Processing, Inc. will post 11.06 earnings per share for the current fiscal year.

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

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued 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 dividend yield of 3.2%. Automatic Data Processing’s dividend payout ratio (DPR) is 63.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Robert W. Baird reduced their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Citigroup reduced their price objective 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. Morgan Stanley reduced their price objective on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. JPMorgan Chase & Co. reduced their price objective on shares of Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating on the stock in a research report on Thursday, January 29th. Finally, 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 objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $253.50.

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.