Automatic Data Processing, Inc. $ADP Shares Sold by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. lowered its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 39.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,783 shares of the business services provider’s stock after selling 7,139 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Automatic Data Processing were worth $2,772,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ADP. Vanguard Group Inc. raised its position in Automatic Data Processing by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 41,689,633 shares of the business services provider’s stock worth $12,235,907,000 after buying an additional 389,451 shares during the last quarter. Capital Research Global Investors raised its position in Automatic Data Processing by 1.5% during the 3rd quarter. Capital Research Global Investors now owns 8,021,194 shares of the business services provider’s stock worth $2,354,220,000 after buying an additional 116,074 shares during the last quarter. Wellington Management Group LLP raised its position in Automatic Data Processing by 47.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,830,294 shares of the business services provider’s stock worth $2,004,691,000 after buying an additional 2,208,927 shares during the last quarter. Invesco Ltd. raised its position in Automatic Data Processing by 5.7% during the 3rd quarter. Invesco Ltd. now owns 4,837,993 shares of the business services provider’s stock worth $1,419,951,000 after buying an additional 261,312 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Automatic Data Processing by 3.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,323,554 shares of the business services provider’s stock worth $1,264,118,000 after buying an additional 136,142 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Down 0.3%

ADP opened at $210.60 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The stock has a market capitalization of $84.18 billion, a price-to-earnings ratio of 19.65 and a beta of 0.83. The business has a 50-day moving average of $206.59 and a two-hundred day moving average of $237.47. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating the consensus estimate of $3.30 by $0.07. The company 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%.The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, research analysts expect that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing declared that its board has approved a share repurchase program 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 buy up to 5.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Automatic Data Processing Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued 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, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 63.43%.

Insider Activity at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the sale, the vice president directly owned 8,912 shares in the company, valued at approximately $1,857,706.40. This trade represents a 5.74% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $234,180.00. Following the sale, the vice president owned 15,310 shares of the company’s stock, valued at approximately $3,585,295.80. This trade represents a 6.13% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,809 shares of company stock worth $410,410. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Cantor Fitzgerald cut their price objective on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Wells Fargo & Company lowered their price target on shares of Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating on the stock in a research note on Friday, March 27th. Mizuho lowered their price target on shares of Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Jefferies Financial Group lowered their price target on shares of Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating on the stock in a research note on Thursday, January 29th. 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 issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $253.50.

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.