State of New Jersey Common Pension Fund D Buys 4,033 Shares of Automatic Data Processing, Inc. $ADP

State of New Jersey Common Pension Fund D raised its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,878 shares of the business services provider’s stock after acquiring an additional 4,033 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Automatic Data Processing were worth $41,348,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in 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 valued at $2,935,000 after purchasing an additional 4,808 shares in the last quarter. Bison Wealth LLC boosted its stake in Automatic Data Processing by 22.8% in the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock worth $1,073,000 after purchasing an additional 681 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of Automatic Data Processing during the second quarter worth $26,000. Angeles Wealth Management LLC increased its stake in shares of Automatic Data Processing by 13.7% in the second quarter. Angeles Wealth Management LLC now owns 1,777 shares of the business services provider’s stock valued at $548,000 after buying an additional 214 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC raised its holdings in shares of Automatic Data Processing by 1.9% in the second quarter. Nicholson Wealth Management Group LLC now owns 5,756 shares of the business services provider’s stock valued at $1,775,000 after buying an additional 110 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Insider Activity

In other news, VP David Foskett sold 266 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $237.00, for a total value of $63,042.00. Following the completion of the transaction, the vice president owned 10,954 shares of the company’s stock, valued at $2,596,098. The trade was a 2.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $262.29, for a total value of $142,423.47. Following the sale, the vice president directly owned 9,998 shares in the company, valued at $2,622,375.42. The trade was a 5.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,515 shares of company stock worth $887,074 over the last quarter. 0.20% of the stock is owned by insiders.

Automatic Data Processing Stock Performance

ADP stock opened at $212.11 on Friday. Automatic Data Processing, Inc. has a twelve month low of $208.62 and a twelve month high of $329.93. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.62. The company has a market cap of $85.40 billion, a P/E ratio of 20.40 and a beta of 0.85. The business’s fifty day moving average is $252.56 and its 200-day moving average is $272.42.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.05. Automatic Data Processing had a return on equity of 68.44% and a net margin of 19.96%.The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter in the prior year, the company posted $2.35 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. Equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

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

Automatic Data Processing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, March 13th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 65.38%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ADP shares. Jefferies Financial Group reiterated an “underperform” rating and set a $230.00 target price (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Wells Fargo & Company dropped their price objective on shares of Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating for the company in a research report on Thursday, January 29th. Cantor Fitzgerald began coverage on Automatic Data Processing in a research report on Tuesday, January 27th. They issued an “overweight” rating and a $306.00 price objective on the stock. Stifel Nicolaus lowered their target price on Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a research note on Monday, February 9th. Finally, Citigroup cut their price target on Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating on the stock in a research note on Thursday, January 29th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $290.00.

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.