Automatic Data Processing, Inc. $ADP Shares Purchased by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC raised its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2,959.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,196 shares of the business services provider’s stock after buying an additional 10,830 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Automatic Data Processing were worth $3,280,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Harbor Asset Planning Inc. acquired a new position in Automatic Data Processing during the second quarter worth approximately $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Automatic Data Processing in the 2nd quarter valued at $26,000. Howard Hughes Medical Institute purchased a new stake in shares of Automatic Data Processing during the 2nd quarter valued at $27,000. Solstein Capital LLC acquired a new stake in shares of Automatic Data Processing during the 2nd quarter worth $28,000. Finally, Westside Investment Management Inc. raised its position in shares of Automatic Data Processing by 80.0% in the 2nd quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock worth $28,000 after buying an additional 40 shares during the period. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on ADP shares. Morgan Stanley reduced their target price on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a report on Thursday, January 29th. Citigroup reduced their price objective 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. 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. Stifel Nicolaus cut their price target on shares of Automatic Data Processing from $290.00 to $280.00 and set a “hold” rating on the stock in a report on Thursday, January 29th. Finally, Cantor Fitzgerald assumed coverage on shares of Automatic Data Processing in a research note on Tuesday, January 27th. They set an “overweight” rating and a $306.00 price objective for the company. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and a consensus price target of $290.83.

Insider Transactions at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 543 shares of the firm’s 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 completion of the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David Kwon sold 900 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $260.00, for a total value of $234,000.00. Following the completion of the transaction, the vice president owned 11,993 shares in the company, valued at approximately $3,118,180. This trade represents a 6.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 2,249 shares of company stock valued at $589,852. 0.20% of the stock is currently owned by corporate insiders.

Automatic Data Processing Stock Performance

Shares of NASDAQ:ADP opened at $247.56 on Tuesday. The business’s 50-day simple moving average is $258.31 and its 200 day simple moving average is $277.25. The company has a market cap of $99.68 billion, a P/E ratio of 23.80 and a beta of 0.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.03. Automatic Data Processing, Inc. has a one year low of $243.68 and a one year high of $329.93.

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

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be issued a $1.70 dividend. The ex-dividend date is Friday, March 13th. This represents a $6.80 dividend on an annualized basis and a yield of 2.7%. Automatic Data Processing’s payout ratio is currently 65.38%.

Automatic Data Processing declared that its Board of Directors has authorized a stock buyback program on Wednesday, January 14th that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the business services provider to purchase up to 5.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.