Crossmark Global Holdings Inc. Sells 34,063 Shares of Automatic Data Processing, Inc. $ADP

Crossmark Global Holdings Inc. reduced its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 35.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 62,116 shares of the business services provider’s stock after selling 34,063 shares during the period. Crossmark Global Holdings Inc.’s holdings in Automatic Data Processing were worth $15,978,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ADP. Ethic Inc. increased its position in shares of Automatic Data Processing by 3.7% during the fourth quarter. Ethic Inc. now owns 75,607 shares of the business services provider’s stock worth $19,448,000 after acquiring an additional 2,664 shares in the last quarter. BHK Investment Advisors LLC lifted its position in Automatic Data Processing by 30.1% in the 4th quarter. BHK Investment Advisors LLC now owns 3,593 shares of the business services provider’s stock valued at $924,000 after acquiring an additional 831 shares in the last quarter. Strategic Wealth Advisors LLC acquired a new position in Automatic Data Processing in the 4th quarter worth $131,000. Strengthening Families & Communities LLC boosted its stake in Automatic Data Processing by 3.3% in the 4th quarter. Strengthening Families & Communities LLC now owns 11,564 shares of the business services provider’s stock worth $2,975,000 after purchasing an additional 368 shares during the period. Finally, CGC Financial Services LLC increased its holdings in Automatic Data Processing by 35.9% during the 4th quarter. CGC Financial Services LLC now owns 439 shares of the business services provider’s stock worth $113,000 after purchasing an additional 116 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

ADP opened at $212.99 on Friday. The business’s 50-day simple moving average is $206.79 and its 200 day simple moving average is $236.48. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $329.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The firm has a market capitalization of $85.14 billion, a PE ratio of 19.87 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The firm 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 business’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, sell-side analysts expect that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 3.2%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.43%.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Guggenheim assumed coverage on Automatic Data Processing in a research report on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price on the stock. Robert W. Baird decreased their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Argus lowered their price objective on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday. Citigroup cut their price objective 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, Morgan Stanley reduced their target price on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $253.50.

Insiders Place Their Bets

In related news, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $208.45, for a total transaction of $113,188.35. Following the transaction, the vice president directly owned 8,912 shares in the company, valued at approximately $1,857,706.40. The trade was a 5.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

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.