Thurston Springer Miller Herd & Titak Inc. Has $1.09 Million Holdings in Automatic Data Processing, Inc. $ADP

Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 273.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,217 shares of the business services provider’s stock after acquiring an additional 3,089 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Automatic Data Processing were worth $1,085,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Imprint Wealth LLC acquired a new position in Automatic Data Processing in the third quarter valued at about $25,000. Howard Hughes Medical Institute bought a new stake in shares of Automatic Data Processing during the second quarter worth $27,000. TruNorth Capital Management LLC acquired a new stake in shares of Automatic Data Processing in the 3rd quarter valued at about $28,000. Cloud Capital Management LLC acquired a new stake in Automatic Data Processing in the 3rd quarter valued at approximately $29,000. Finally, Board of the Pension Protection Fund bought a new stake in shares of Automatic Data Processing in the fourth quarter worth $31,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Cantor Fitzgerald began coverage on Automatic Data Processing in a research report on Tuesday, January 27th. They set an “overweight” rating and a $306.00 price target for the company. Guggenheim initiated coverage on Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 price target on the stock. Citigroup dropped their price objective on Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. Wells Fargo & Company cut their target price on shares of Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating for the company in a research note on Friday, March 27th. Finally, Stifel Nicolaus reduced their target price on shares of Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $284.77.

Automatic Data Processing Price Performance

ADP stock opened at $204.01 on Friday. Automatic Data Processing, Inc. has a fifty-two week low of $197.08 and a fifty-two week high of $329.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $82.14 billion, a price-to-earnings ratio of 19.62 and a beta of 0.85. The business’s fifty day moving average price is $218.31 and its two-hundred day moving average price is $250.53.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, beating the consensus estimate of $2.57 by $0.05. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the prior year, the company posted $2.35 earnings per share. Automatic Data Processing’s revenue was up 6.2% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. On average, equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, March 13th. Automatic Data Processing’s dividend payout ratio is 65.38%.

Automatic Data Processing announced that its Board of Directors has approved a share buyback plan on Wednesday, January 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 5.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, VP David Kwon sold 806 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $264.80, for a total value of $213,428.80. Following the sale, the vice president directly owned 11,187 shares in the company, valued at approximately $2,962,317.60. This trade represents a 6.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Brian L. Michaud sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $234.18, for a total transaction of $234,180.00. Following the completion of the sale, the vice president owned 15,310 shares in the company, valued at $3,585,295.80. This represents a 6.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 4,058 shares of company stock worth $1,000,263. Insiders own 0.20% of the company’s stock.

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.