Leavell Investment Management Inc. Trims Position in Automatic Data Processing, Inc. $ADP

Leavell Investment Management Inc. lowered its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 21.3% in the third quarter, Holdings Channel.com reports. The firm owned 11,669 shares of the business services provider’s stock after selling 3,155 shares during the period. Leavell Investment Management Inc.’s holdings in Automatic Data Processing were worth $3,446,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC lifted its holdings in shares of Automatic Data Processing by 141.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 13,283 shares of the business services provider’s stock worth $3,899,000 after acquiring an additional 7,782 shares during the period. Treasurer of the State of North Carolina grew its holdings in Automatic Data Processing by 35.2% in the second quarter. Treasurer of the State of North Carolina now owns 312,473 shares of the business services provider’s stock valued at $96,367,000 after purchasing an additional 81,323 shares during the period. Farther Finance Advisors LLC increased its position in Automatic Data Processing by 17.5% during the third quarter. Farther Finance Advisors LLC now owns 13,956 shares of the business services provider’s stock worth $4,096,000 after purchasing an additional 2,075 shares during the last quarter. Peak Financial Advisors LLC purchased a new position in Automatic Data Processing during the third quarter worth approximately $2,309,000. Finally, MGO One Seven LLC boosted its holdings in shares of Automatic Data Processing by 18.3% in the 2nd quarter. MGO One Seven LLC now owns 13,578 shares of the business services provider’s stock valued at $4,187,000 after purchasing an additional 2,105 shares during the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $262.29, for a total value of $142,423.47. Following the completion of the sale, the vice president owned 9,998 shares in the company, valued at approximately $2,622,375.42. The trade was a 5.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David Kwon sold 806 shares of the stock in a transaction on Monday, January 12th. The shares were sold at an average price of $264.80, for a total transaction of $213,428.80. Following the transaction, the vice president owned 11,187 shares in the company, valued at $2,962,317.60. This trade represents a 6.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,249 shares of company stock valued at $589,852. 0.20% of the stock is owned by insiders.

Automatic Data Processing Stock Up 0.1%

Shares of NASDAQ:ADP opened at $260.44 on Friday. The company has a market capitalization of $105.33 billion, a price-to-earnings ratio of 25.71 and a beta of 0.86. The company has a 50 day moving average of $257.93 and a two-hundred day moving average of $281.36. Automatic Data Processing, Inc. has a 52-week low of $247.18 and a 52-week high of $329.93. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.62.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.44 by $0.05. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The business had revenue of $5.18 billion during the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the prior year, the firm earned $2.33 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing declared that its board has initiated a share buyback program on Wednesday, January 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date is Friday, March 13th. Automatic Data Processing’s dividend payout ratio (DPR) is 67.13%.

Wall Street Analyst Weigh In

ADP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 29th. Wells Fargo & Company reduced their price objective on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a research note on Thursday, October 30th. Jefferies Financial Group reissued an “underperform” rating and set a $230.00 target price (down previously from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Finally, Citigroup assumed coverage on shares of Automatic Data Processing in a research report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price target on the stock. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and a consensus target price of $306.42.

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.