Florida Financial Advisors LLC Sells 3,851 Shares of Automatic Data Processing, Inc. $ADP

Florida Financial Advisors LLC lessened its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 63.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,192 shares of the business services provider’s stock after selling 3,851 shares during the period. Florida Financial Advisors LLC’s holdings in Automatic Data Processing were worth $565,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. raised its position in Automatic Data Processing by 2.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 282,110 shares of the business services provider’s stock worth $72,567,000 after purchasing an additional 6,314 shares during the last quarter. Rockline Wealth Management LLC raised its position in Automatic Data Processing by 1.7% in the 4th quarter. Rockline Wealth Management LLC now owns 13,816 shares of the business services provider’s stock worth $3,554,000 after purchasing an additional 227 shares during the last quarter. Verity & Verity LLC raised its position in Automatic Data Processing by 12.3% in the 4th quarter. Verity & Verity LLC now owns 3,847 shares of the business services provider’s stock worth $990,000 after purchasing an additional 420 shares during the last quarter. Essex Financial Services Inc. raised its position in Automatic Data Processing by 4.0% in the 4th quarter. Essex Financial Services Inc. now owns 6,392 shares of the business services provider’s stock worth $1,644,000 after purchasing an additional 244 shares during the last quarter. Finally, Founders Financial Securities LLC bought a new position in Automatic Data Processing in the 4th quarter worth approximately $1,768,000. Institutional investors own 80.03% of the company’s stock.

Analyst Upgrades and Downgrades

ADP has been the subject of several research analyst reports. Wells Fargo & Company upgraded shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price objective for the company in a research report on Monday, May 18th. Argus dropped their target price on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Jefferies Financial Group cut their price target on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Guggenheim started coverage on Automatic Data Processing in a research report on Thursday, March 19th. They issued a “buy” rating and a $270.00 price target on the stock. Finally, Morgan Stanley decreased their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Automatic Data Processing presently has an average rating of “Hold” and an average target price of $249.00.

Automatic Data Processing Price Performance

ADP opened at $233.74 on Tuesday. 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, Inc. has a 12 month low of $188.16 and a 12 month high of $329.93. The company has a fifty day simple moving average of $208.09 and a 200 day simple moving average of $230.62. The stock has a market cap of $93.43 billion, a P/E ratio of 21.80 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the prior year, the company earned $3.06 EPS. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. 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 EPS for the current year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a $1.70 dividend. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.9%. Automatic Data Processing’s dividend payout ratio is currently 63.43%.

Insider Activity at Automatic Data Processing

In related news, VP Christopher D’ambrosio sold 543 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $208.45, for a total value of $113,188.35. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this link. 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.