Mission Wealth Management LP Decreases Stake in Automatic Data Processing, Inc. $ADP

Mission Wealth Management LP reduced its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 24.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,913 shares of the business services provider’s stock after selling 2,280 shares during the period. Mission Wealth Management LP’s holdings in Automatic Data Processing were worth $1,778,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Coston McIsaac & Partners grew its position in shares of Automatic Data Processing by 13.2% in the 3rd quarter. Coston McIsaac & Partners now owns 335 shares of the business services provider’s stock worth $98,000 after buying an additional 39 shares during the last quarter. Northcape Wealth Management LLC grew its position in shares of Automatic Data Processing by 0.6% in the 4th quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock worth $1,692,000 after buying an additional 39 shares during the last quarter. Private Advisory Group LLC grew its position in shares of Automatic Data Processing by 4.8% in the 3rd quarter. Private Advisory Group LLC now owns 867 shares of the business services provider’s stock worth $254,000 after buying an additional 40 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its position in shares of Automatic Data Processing by 0.3% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,179 shares of the business services provider’s stock worth $4,455,000 after buying an additional 41 shares during the last quarter. Finally, Rathbones Group PLC grew its position in shares of Automatic Data Processing by 1.1% in the 4th quarter. Rathbones Group PLC now owns 4,027 shares of the business services provider’s stock worth $1,036,000 after buying an additional 42 shares during the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Trading Up 3.9%

NASDAQ ADP opened at $222.94 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 twelve month low of $188.16 and a twelve month high of $329.93. The firm has a market capitalization of $89.12 billion, a PE ratio of 20.80 and a beta of 0.83. The stock’s 50 day moving average is $206.29 and its 200 day moving average is $233.09.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company 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 company posted $3.06 earnings per share. The firm’s 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. Research analysts forecast that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a dividend of $1.70 per share. The ex-dividend date is Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 3.1%. Automatic Data Processing’s payout ratio is currently 63.43%.

Insider Buying and Selling

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $208.45, for a total value of $113,188.35. Following the sale, the vice president directly owned 8,912 shares of the company’s stock, valued at approximately $1,857,706.40. The trade was a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ADP has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price objective on the stock in a research report on Monday. Argus cut their price objective on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. JPMorgan Chase & Co. cut their price objective on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating on the stock in a research report on Thursday, January 29th. Jefferies Financial Group cut their price objective on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Finally, BMO Capital Markets cut their price objective on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $253.50.

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.