Nisa Investment Advisors LLC Trims Position in Automatic Data Processing, Inc. $ADP

Nisa Investment Advisors LLC cut its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 48.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 167,221 shares of the business services provider’s stock after selling 159,354 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Automatic Data Processing were worth $49,333,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ADP. Brighton Jones LLC raised its stake in Automatic Data Processing by 92.1% in the fourth 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 grew its stake in Automatic Data Processing by 22.8% in the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 681 shares during the last quarter. Integrity Alliance LLC. purchased a new stake in shares of Automatic Data Processing during the first quarter valued at about $762,000. Focus Partners Wealth boosted its holdings in shares of Automatic Data Processing by 3.8% in the 1st quarter. Focus Partners Wealth now owns 123,682 shares of the business services provider’s stock valued at $37,765,000 after buying an additional 4,529 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Automatic Data Processing by 5.0% during the first quarter. Geneos Wealth Management Inc. now owns 12,034 shares of the business services provider’s stock valued at $3,677,000 after acquiring an additional 574 shares during the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADP has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. lowered their target price on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $230.00 price target (down previously from $245.00) on shares of Automatic Data Processing in a report on Tuesday, December 16th. UBS Group cut their target price on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Finally, Citigroup began coverage on Automatic Data Processing in a report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price objective on the stock. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $306.42.

Insider Transactions at Automatic Data Processing

In other news, VP David Kwon sold 900 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $260.00, for a total value of $234,000.00. Following the transaction, the vice president owned 11,993 shares in the company, valued at $3,118,180. This trade represents a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Up 1.7%

ADP opened at $265.67 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05. Automatic Data Processing, Inc. has a fifty-two week low of $247.18 and a fifty-two week high of $329.93. The company has a fifty day moving average of $257.48 and a two-hundred day moving average of $283.43. The stock has a market capitalization of $107.45 billion, a price-to-earnings ratio of 26.23 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.05. The business had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 1st. Investors of record on Friday, December 12th were paid a $1.70 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $6.80 dividend on an annualized basis and a yield of 2.6%. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s dividend payout ratio is 67.13%.

Automatic Data Processing Profile

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.