F m Investments LLC Has $858,000 Stake in Automatic Data Processing, Inc. $ADP

F m Investments LLC trimmed its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 81.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,337 shares of the business services provider’s stock after selling 14,476 shares during the quarter. F m Investments LLC’s holdings in Automatic Data Processing were worth $858,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing during the third quarter worth approximately $25,000. Cloud Capital Management LLC acquired a new position in shares of Automatic Data Processing during the third quarter worth approximately $29,000. Y.D. More Investments Ltd acquired a new position in shares of Automatic Data Processing during the third quarter worth approximately $32,000. Board of the Pension Protection Fund acquired a new position in shares of Automatic Data Processing during the fourth quarter worth approximately $31,000. Finally, AlphaQuest LLC acquired a new position in shares of Automatic Data Processing during the third quarter worth approximately $38,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the completion of the sale, the vice president directly owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This trade represents a 5.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ADP has been the topic of a number of research reports. JPMorgan Chase & Co. lowered their target price on 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. Robert W. Baird lowered their price target on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. UBS Group increased their price target on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Wells Fargo & Company lowered their price target on Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating for the company in a research report on Friday, March 27th. Finally, Citigroup lowered their price target 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten 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 $253.50.

Automatic Data Processing Trading Down 0.0%

NASDAQ ADP opened at $212.99 on Monday. The firm has a market capitalization of $85.14 billion, a P/E ratio of 19.87 and a beta of 0.83. The business has a fifty day simple moving average of $206.79 and a 200 day simple moving average of $236.48. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $329.93. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.Automatic Data Processing’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, analysts predict that Automatic Data Processing, Inc. will post 11.06 EPS for the current fiscal year.

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

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 3.2%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.43%.

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.