Insider Selling: Automatic Data Processing (NASDAQ:ADP) VP Sells $113,188.35 in Stock

Automatic Data Processing, Inc. (NASDAQ:ADP) VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction that occurred on Monday, March 16th. The shares were 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 owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This trade represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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 transaction of $142,423.47.

Automatic Data Processing Stock Up 1.1%

Automatic Data Processing stock opened at $210.66 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 1-year low of $203.26 and a 1-year high of $329.93. The firm’s fifty day simple moving average is $230.43 and its 200-day simple moving average is $257.62. The company has a market capitalization of $84.82 billion, a P/E ratio of 20.26 and a beta of 0.86.

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

Automatic Data Processing Announces Dividend

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

Automatic Data Processing announced that its board has authorized a stock buyback program on Wednesday, January 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the business services provider to purchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ADP shares. Stifel Nicolaus dropped their price target on shares of Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating on the stock in a research report on Monday, February 9th. Jefferies Financial Group reiterated an “underperform” rating and issued a $230.00 target price (down from $245.00) on shares of Automatic Data Processing in a research note on Tuesday, December 16th. Guggenheim initiated coverage on shares of Automatic Data Processing in a report on Thursday. They issued a “buy” rating and a $270.00 target price on the stock. JPMorgan Chase & Co. cut their target price on shares of Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating for the company in a research report on Thursday, January 29th. Finally, Cantor Fitzgerald began coverage on shares of Automatic Data Processing in a report on Tuesday, January 27th. They set an “overweight” rating and a $306.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $288.46.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Stance Capital LLC boosted its position in shares of Automatic Data Processing by 251.5% in the fourth quarter. Stance Capital LLC now owns 16,093 shares of the business services provider’s stock valued at $4,140,000 after acquiring an additional 11,515 shares during the period. Cornerstone Planning LLC bought a new position in Automatic Data Processing during the fourth quarter worth $3,249,000. Osbon Capital Management LLC acquired a new position in Automatic Data Processing during the 4th quarter valued at $52,000. World Investment Advisors raised its stake in Automatic Data Processing by 164.0% during the 4th quarter. World Investment Advisors now owns 28,062 shares of the business services provider’s stock valued at $7,219,000 after purchasing an additional 17,434 shares during the last quarter. Finally, Farmers National Bank boosted its holdings in Automatic Data Processing by 2.8% in the 4th quarter. Farmers National Bank now owns 2,425 shares of the business services provider’s stock valued at $624,000 after purchasing an additional 66 shares during the period. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Company 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.