Marks Group Wealth Management Inc Cuts Stake in Automatic Data Processing, Inc. $ADP

Marks Group Wealth Management Inc reduced its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,649 shares of the business services provider’s stock after selling 2,597 shares during the period. Marks Group Wealth Management Inc’s holdings in Automatic Data Processing were worth $6,598,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brighton Jones LLC increased 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 purchasing an additional 4,808 shares in the last quarter. Bison Wealth LLC increased its position in Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock worth $1,073,000 after purchasing an additional 681 shares in the last quarter. Schnieders Capital Management LLC. increased its position in Automatic Data Processing by 21.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,259 shares of the business services provider’s stock worth $388,000 after purchasing an additional 225 shares in the last quarter. Osterweis Capital Management Inc. acquired a new stake in Automatic Data Processing during the 2nd quarter worth approximately $108,000. Finally, Diversify Advisory Services LLC increased its position in Automatic Data Processing by 17.5% during the 2nd quarter. Diversify Advisory Services LLC now owns 5,477 shares of the business services provider’s stock worth $1,641,000 after purchasing an additional 815 shares in the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADP has been the subject of a number of research analyst reports. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. Robert W. Baird dropped their target price on shares of Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. BMO Capital Markets reduced their price objective on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Stifel Nicolaus reduced their price objective on Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. Finally, Citigroup reduced their price objective on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Stock Down 1.2%

NASDAQ ADP opened at $229.07 on Tuesday. The stock has a market cap of $91.57 billion, a PE ratio of 21.37 and a beta of 0.84. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $325.84. The business has a 50 day moving average price of $210.51 and a two-hundred day moving average price of $229.83. The company has a quick ratio of 1.04, a current 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 earnings per share for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, sell-side analysts predict that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is currently 63.43%.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was 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 owned 8,912 shares in the company, valued at $1,857,706.40. This represents a 5.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

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.