Dearborn Partners LLC Decreases Stake in Automatic Data Processing, Inc. $ADP

Dearborn Partners LLC cut its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.9% during the 4th quarter, HoldingsChannel reports. The firm owned 186,218 shares of the business services provider’s stock after selling 7,602 shares during the period. Automatic Data Processing comprises 2.4% of Dearborn Partners LLC’s investment portfolio, making the stock its 4th largest position. Dearborn Partners LLC’s holdings in Automatic Data Processing were worth $47,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Havemeyer Place LP bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at approximately $1,378,000. MCF Advisors LLC grew its holdings in shares of Automatic Data Processing by 112.5% during the 4th quarter. MCF Advisors LLC now owns 5,675 shares of the business services provider’s stock valued at $1,469,000 after purchasing an additional 3,005 shares during the last quarter. First Command Advisory Services Inc. grew its holdings in shares of Automatic Data Processing by 1.8% during the 4th quarter. First Command Advisory Services Inc. now owns 2,773 shares of the business services provider’s stock valued at $713,000 after purchasing an additional 50 shares during the last quarter. OneAscent Family Office LLC grew its holdings in shares of Automatic Data Processing by 25.1% during the 4th quarter. OneAscent Family Office LLC now owns 1,671 shares of the business services provider’s stock valued at $430,000 after purchasing an additional 335 shares during the last quarter. Finally, Pinebridge Investments LLC bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at approximately $28,259,000. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Trading Up 0.3%

ADP opened at $231.95 on Friday. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $329.93. 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 firm has a market capitalization of $92.72 billion, a price-to-earnings ratio of 21.64 and a beta of 0.84. The company’s 50 day moving average price is $210.02 and its two-hundred day moving average price is $230.12.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, topping 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 in the previous year, the firm posted $3.06 EPS. The company’s revenue for the quarter 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. As a group, research analysts predict that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

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 issued a dividend of $1.70 per share. The ex-dividend date is Friday, June 12th. This represents a $6.80 annualized dividend and a yield of 2.9%. Automatic Data Processing’s dividend payout ratio is presently 63.43%.

Insiders Place Their Bets

In other Automatic Data Processing 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 transaction of $113,188.35. Following the transaction, the vice president owned 8,912 shares in the company, valued at approximately $1,857,706.40. This represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

ADP has been the topic of several research reports. UBS Group lifted their price target on shares of Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. BMO Capital Markets decreased their price target on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Robert W. Baird decreased their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Cantor Fitzgerald decreased their price target on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Finally, Jefferies Financial Group decreased their price target on shares of Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average target price of $244.29.

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.