PNC Financial Services Group Inc. Has $351.76 Million Position in Automatic Data Processing, Inc. $ADP

PNC Financial Services Group Inc. lowered its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,367,482 shares of the business services provider’s stock after selling 31,247 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Automatic Data Processing were worth $351,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of ADP. Brighton Jones LLC lifted its stake in shares of Automatic Data Processing by 92.1% during the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock worth $2,935,000 after buying an additional 4,808 shares during the last quarter. Bison Wealth LLC lifted its stake in shares of Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock worth $1,073,000 after buying an additional 681 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in shares of Automatic Data Processing by 21.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,259 shares of the business services provider’s stock worth $388,000 after buying an additional 225 shares during the last quarter. Osterweis Capital Management Inc. acquired a new stake in shares of Automatic Data Processing during the 2nd quarter worth about $108,000. Finally, Diversify Advisory Services LLC lifted its stake in shares of Automatic Data Processing by 17.5% during the 2nd quarter. Diversify Advisory Services LLC now owns 5,477 shares of the business services provider’s stock worth $1,641,000 after buying an additional 815 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Key Automatic Data Processing News

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

• Positive Sentiment: Wells Fargo upgraded ADP to Equal Weight from Underweight, suggesting the recent pullback may have improved the stock’s valuation. The bank set a $214 price target, which still implies some downside from current levels, but the upgrade can help sentiment after the selloff. Automatic Data Processing (NASDAQ:ADP) Upgraded by Wells Fargo & Company to “Equal Weight” Rating
• Positive Sentiment: ADP’s National Employment Report preliminary estimate showed U.S. private employers added an average of 42,250 jobs per week for the four weeks ending May 2, indicating continued hiring activity that supports demand for payroll and HR services. ADP National Employment Report Preliminary Estimate for May 2, 2026
• Neutral Sentiment: ADP presented at JPMorgan’s Global Technology, Media and Communications Conference, which can provide updates on business trends and outlook, but no major new operating announcement was highlighted in the transcript. Automatic Data Processing, Inc. (ADP) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Negative Sentiment: TD Cowen also moved ADP to Hold, reinforcing a more cautious stance from analysts after the stock’s recent run-up and helping explain the weakness in the shares. Automatic Data Processing was upgraded by TD Cowen to “hold”

Automatic Data Processing Price Performance

NASDAQ:ADP opened at $220.44 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $329.93. The firm has a market cap of $88.12 billion, a price-to-earnings ratio of 20.56 and a beta of 0.83. The firm’s 50-day simple moving average is $206.17 and its 200 day simple moving average is $232.81.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating the consensus estimate 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 EPS. 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. As a group, sell-side 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 announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid 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 3.1%. 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 stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the completion of the sale, the vice president directly owned 8,912 shares in the company, valued at $1,857,706.40. This represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Jefferies Financial Group lowered their price target on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Cantor Fitzgerald lowered 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 research report on Wednesday, April 29th. Wells Fargo & Company raised shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target on the stock in a research report on Monday. Citigroup lowered their price target on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Finally, Stifel Nicolaus lowered their price target on shares of Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.