Automatic Data Processing, Inc. $ADP Shares Sold by Rockland Trust Co.

Rockland Trust Co. trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 11.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,359 shares of the business services provider’s stock after selling 4,270 shares during the period. Rockland Trust Co.’s holdings in Automatic Data Processing were worth $10,084,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ADP. Vanguard Group Inc. grew its position in Automatic Data Processing by 0.9% during the second quarter. Vanguard Group Inc. now owns 41,300,182 shares of the business services provider’s stock worth $12,736,976,000 after buying an additional 350,298 shares during the period. State Street Corp lifted its position in shares of Automatic Data Processing by 1.0% during the 2nd quarter. State Street Corp now owns 18,782,407 shares of the business services provider’s stock valued at $5,820,445,000 after acquiring an additional 187,415 shares during the period. Geode Capital Management LLC boosted its stake in shares of Automatic Data Processing by 3.1% during the 2nd quarter. Geode Capital Management LLC now owns 11,388,935 shares of the business services provider’s stock worth $3,511,698,000 after acquiring an additional 345,798 shares in the last quarter. Laurel Wealth Advisors LLC boosted its stake in shares of Automatic Data Processing by 30,110.7% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,668,758 shares of the business services provider’s stock worth $1,439,845,000 after acquiring an additional 4,653,304 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Automatic Data Processing by 13.5% in the 2nd quarter. Invesco Ltd. now owns 4,576,681 shares of the business services provider’s stock worth $1,411,449,000 after acquiring an additional 544,968 shares during the period. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Stock Down 2.0%

Shares of NASDAQ:ADP opened at $226.63 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 52-week low of $224.93 and a 52-week high of $329.93. The stock’s fifty day simple moving average is $256.02 and its 200-day simple moving average is $274.75. The company has a market capitalization of $91.25 billion, a P/E ratio of 21.79 and a beta of 0.85.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.05. Automatic Data Processing had a return on equity of 68.44% and a net margin of 19.96%.The firm had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter last year, the business posted $2.35 EPS. The firm’s quarterly 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. As a group, equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, March 13th. Automatic Data Processing’s payout ratio is currently 65.38%.

Automatic Data Processing announced that its board has approved a stock repurchase plan on Wednesday, January 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the business services provider to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ADP shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday, December 29th. Citigroup dropped their price target on Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating for the company in a research report on Thursday, January 29th. JPMorgan Chase & Co. cut their price target on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating for the company in a research note on Thursday, January 29th. Morgan Stanley decreased their price objective on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 29th. Finally, Wells Fargo & Company dropped their target price on shares of Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $290.00.

Key Stories Impacting Automatic Data Processing

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: Board authorized a $6.0 billion buyback and ADP declared a $1.70 quarterly dividend (ex-dividend March 13, payable April 1), which support buyback-driven EPS accretion and income demand. Read More.
• Neutral Sentiment: Q2 results showed a modest beat (EPS $2.62 vs. $2.57) and revenue growth ~6.2%; FY‑2026 EPS guidance was set at 10.091–11.011 — positive fundamentals but largely already priced in. Read More.
• Negative Sentiment: Insider selling: VP David Foskett sold 266 shares at an average $237 on Feb. 5 (reducing his stake ~2.4%), a small but visible insider sale that may spook short‑term sentiment. Read More.
• Negative Sentiment: Another VP, Brian L. Michaud, sold 1,000 shares at ~$234.18 on Feb. 6 (a ~6.1% reduction in his holding), adding to the insider selling narrative that coincided with a new 12‑month low. Read More.
• Negative Sentiment: Analyst action: Stifel cut its price target from $280 to $270 and kept a “hold” rating, signaling more cautious near‑term expectations and contributing to downward pressure. Read More.
• Negative Sentiment: Market commentary flagged ADP hitting a new 12‑month low amid the recent insider sales and analyst downgrades — a technical/psychological negative for momentum traders. Read More.

Insider Activity

In other Automatic Data Processing news, VP David Foskett sold 266 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $237.00, for a total value of $63,042.00. Following the completion of the transaction, the vice president directly owned 10,954 shares in the company, valued at approximately $2,596,098. The trade was a 2.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP David Kwon sold 900 shares of the stock in a transaction 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 directly owned 11,993 shares in the company, valued at approximately $3,118,180. This represents a 6.98% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,515 shares of company stock worth $887,074. 0.20% of the stock is currently owned by corporate insiders.

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.