Truist Financial Corp Has $86.29 Million Stake in Automatic Data Processing, Inc. $ADP

Truist Financial Corp lowered its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.8% during the third quarter, HoldingsChannel reports. The fund owned 294,003 shares of the business services provider’s stock after selling 8,328 shares during the quarter. Truist Financial Corp’s holdings in Automatic Data Processing were worth $86,290,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ADP. Paragon Private Wealth Management LLC grew its holdings in shares of Automatic Data Processing by 3.5% during the third quarter. Paragon Private Wealth Management LLC now owns 7,220 shares of the business services provider’s stock worth $2,119,000 after purchasing an additional 242 shares during the last quarter. Saxon Interests Inc. boosted its position in Automatic Data Processing by 12.7% during the 3rd quarter. Saxon Interests Inc. now owns 745 shares of the business services provider’s stock worth $227,000 after buying an additional 84 shares during the period. Bank of Jackson Hole Trust grew its holdings in Automatic Data Processing by 69.7% during the 3rd quarter. Bank of Jackson Hole Trust now owns 1,193 shares of the business services provider’s stock worth $350,000 after acquiring an additional 490 shares during the last quarter. CFS Investment Advisory Services LLC increased its position in Automatic Data Processing by 1.9% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 10,048 shares of the business services provider’s stock valued at $2,823,000 after acquiring an additional 192 shares during the period. Finally, Purkiss Capital Advisors LLC increased its position in Automatic Data Processing by 35.2% in the 3rd quarter. Purkiss Capital Advisors LLC now owns 3,761 shares of the business services provider’s stock valued at $1,104,000 after acquiring an additional 980 shares during the period. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Stock Performance

ADP stock opened at $250.69 on Thursday. The firm has a market cap of $101.39 billion, a PE ratio of 24.75 and a beta of 0.86. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $258.55 and a 200-day moving average price of $278.55. Automatic Data Processing, Inc. has a 1-year low of $247.18 and a 1-year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, topping the consensus estimate of $2.57 by $0.05. The business had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The firm’s revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.35 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. As a group, equities research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

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

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be paid a $1.70 dividend. The ex-dividend date is Friday, March 13th. This represents a $6.80 annualized dividend and a dividend yield of 2.7%. Automatic Data Processing’s payout ratio is currently 67.13%.

Insiders Place Their Bets

In other news, VP David Kwon sold 900 shares of the company’s stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $260.00, for a total transaction of $234,000.00. Following the transaction, the vice president owned 11,993 shares in the company, valued at approximately $3,118,180. This represents a 6.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $262.29, for a total transaction of $142,423.47. Following the transaction, the vice president directly owned 9,998 shares in the company, valued at $2,622,375.42. This trade represents a 5.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,249 shares of company stock worth $589,852 in the last quarter. 0.20% of the stock is owned by corporate insiders.

Key Headlines Impacting Automatic Data Processing

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

• Positive Sentiment: Q2 results topped estimates — EPS $2.62 vs. $2.58 and revenue up ~6.2% year-over-year; ADP said demand for payroll/HR services remains steady, and it nudged up parts of its outlook. ADP lifts annual revenue forecast on demand for payroll services
• Positive Sentiment: Cantor Fitzgerald initiated coverage with an “overweight” rating and $306 price target, signaling institutional optimism and ~22% upside to the cited target. Cantor Fitzgerald initiates coverage of Automatic Data Processing (ADP) with overweight recommendation
• Positive Sentiment: Management is advancing product innovation — ADP launched new AI “Assist” agents aimed at automating HR and payroll tasks, which could expand stickiness and long-term margins. ADP® Accelerates AI Leadership with Launch of New AI Agents Designed to Solve Workforce Challenges
• Positive Sentiment: Corporate actions: management recently authorized a sizable share-repurchase program (~$6B), which supports EPS and could be a catalyst as buybacks are deployed. 3 Large Cap Stocks Announce Big Buyback Boosts Amid +20% Falls (ADP)
• Neutral Sentiment: Earnings call and filings are available (transcript/slides) for deeper detail on segment trends and margin drivers; these materials will shape analyst revisions. Automatic Data Processing, Inc. (ADP) Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Reported short-interest data in the feed is anomalous (zeros/NaN) and provides no actionable signal on current positioning. Short interest data (anomalous)
• Negative Sentiment: Valuation and macro concerns: at least one analyst note argues ADP remains expensive given macro headwinds (slower hiring), a key demand risk since ADP’s revenue is tied to payroll counts. Automatic Data Processing: Still Expensive Given Macro Headwinds
• Negative Sentiment: Guidance nuance: FY EPS range published sits near but slightly around consensus — some investors may view the guidance band and commentary as conservative relative to expectations, prompting profit-taking. ADP Reports Second Quarter Fiscal 2026 Results

Wall Street Analyst Weigh In

ADP has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Wells Fargo & Company cut their target price on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Cantor Fitzgerald initiated coverage on Automatic Data Processing in a research note on Tuesday. They issued an “overweight” rating and a $306.00 price target for the company. Citigroup initiated coverage on Automatic Data Processing in a research report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and a consensus target price of $306.38.

Automatic Data Processing 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.