Bowen Hanes & Co. Inc. Sells 147,885 Shares of Automatic Data Processing, Inc. $ADP

Bowen Hanes & Co. Inc. decreased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 75.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 48,067 shares of the business services provider’s stock after selling 147,885 shares during the quarter. Bowen Hanes & Co. Inc.’s holdings in Automatic Data Processing were worth $12,364,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Imprint Wealth LLC acquired a new position in Automatic Data Processing in the 3rd quarter valued at approximately $25,000. Board of the Pension Protection Fund acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth $31,000. Y.D. More Investments Ltd acquired a new stake in shares of Automatic Data Processing during the third quarter worth $32,000. High Point Wealth Management LLC acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth $34,000. Finally, AlphaQuest LLC acquired a new stake in shares of Automatic Data Processing during the third quarter worth $38,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Down 1.5%

Automatic Data Processing stock opened at $227.75 on Thursday. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $329.93. The firm has a market capitalization of $91.04 billion, a price-to-earnings ratio of 21.25 and a beta of 0.84. The firm’s fifty day moving average price is $208.90 and its two-hundred day moving average price is $230.27. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share 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 firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the firm earned $3.06 earnings per share. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities research analysts predict that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

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

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the firm’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 transaction, the vice president directly owned 8,912 shares of the company’s stock, valued at approximately $1,857,706.40. This trade represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ADP shares. Argus decreased their price objective 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. TD Cowen upgraded shares of Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. Wells Fargo & Company raised shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 target price on the stock in a research note on Monday, May 18th. Stifel Nicolaus cut their target price on shares of Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. Finally, Citigroup cut their target price on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $249.00.

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.