State of New Jersey Common Pension Fund D Has $35.36 Million Position in Automatic Data Processing, Inc. $ADP

State of New Jersey Common Pension Fund D lowered its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 137,465 shares of the business services provider’s stock after selling 3,413 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Automatic Data Processing were worth $35,360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mitchell Capital Management Co. lifted its stake in shares of Automatic Data Processing by 325.0% during the third quarter. Mitchell Capital Management Co. now owns 6,800 shares of the business services provider’s stock valued at $1,996,000 after acquiring an additional 5,200 shares during the period. Atlantic Union Bankshares Corp lifted its stake in shares of Automatic Data Processing by 136.0% during the third quarter. Atlantic Union Bankshares Corp now owns 47,974 shares of the business services provider’s stock valued at $14,080,000 after acquiring an additional 27,644 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Automatic Data Processing by 2.6% during the third quarter. CIBC Asset Management Inc now owns 183,561 shares of the business services provider’s stock valued at $53,875,000 after acquiring an additional 4,720 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Automatic Data Processing by 18.4% during the third quarter. Thrivent Financial for Lutherans now owns 138,215 shares of the business services provider’s stock valued at $40,566,000 after acquiring an additional 21,444 shares during the period. Finally, Hilltop Holdings Inc. acquired a new position in shares of Automatic Data Processing during the third quarter valued at $5,292,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Brian L. Michaud sold 1,000 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $234.18, for a total value of $234,180.00. Following the completion of the sale, the vice president directly owned 15,310 shares in the company, valued at $3,585,295.80. This represents a 6.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David Foskett sold 266 shares of the stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $237.00, for a total value of $63,042.00. Following the completion of the sale, the vice president owned 10,954 shares of the company’s stock, valued at $2,596,098. This trade represents a 2.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,809 shares of company stock worth $410,410. 0.20% of the stock is owned by insiders.

Automatic Data Processing News Roundup

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

• Positive Sentiment: Q3 beat and raised guidance — ADP topped EPS and revenue estimates and lifted FY26 EPS guidance, supporting stronger forward earnings expectations. PR News Release
• Positive Sentiment: UBS nudged its price target up to $218 (Neutral) and TD Cowen raised its target to $216 (Hold) — small upward revisions that partially offset other cuts. Benzinga TickerReport
• Neutral Sentiment: Cantor Fitzgerald cut its price target to $244 from $306 but maintained an Overweight rating — a mixed signal that trims upside while keeping a positive stance on longer-term fundamentals. MarketScreener
• Negative Sentiment: Citigroup lowered its price target from $265 to $230 and moved to a Neutral rating — a material trim in analyst upside that likely pressured the stock. Benzinga
• Neutral Sentiment: Analyst commentary is mixed: some firms emphasize ADP’s AI momentum and raised guidance on the call, while others trimmed targets citing valuation or macro concerns — creating short-term volatility. TipRanks summary

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Cantor Fitzgerald cut their price target on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research note on Wednesday. Stifel Nicolaus cut their price target on Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating on the stock in a research note on Monday, February 9th. BMO Capital Markets dropped their price objective on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. UBS Group upped their price objective on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Citigroup dropped their price objective on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Automatic Data Processing presently has an average rating of “Hold” and a consensus price target of $260.21.

Automatic Data Processing Trading Down 1.5%

NASDAQ ADP opened at $211.94 on Friday. The stock has a 50-day simple moving average of $206.67 and a 200 day simple moving average of $238.64. The company has a market capitalization of $85.34 billion, a PE ratio of 19.77 and a beta of 0.85. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.63. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.06 earnings per share. 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 11.06 EPS for the current year.

Automatic Data Processing announced that its Board of Directors has initiated a stock repurchase program on Wednesday, January 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the business services provider to purchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is currently 65.38%.

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.