Automatic Data Processing, Inc. $ADP Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC reduced its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 15.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,404 shares of the business services provider’s stock after selling 3,254 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in Automatic Data Processing were worth $4,477,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ADP. Imprint Wealth LLC acquired a new stake in shares of Automatic Data Processing in the third quarter valued at approximately $25,000. Board of the Pension Protection Fund acquired a new stake in shares of Automatic Data Processing in the fourth quarter valued at approximately $31,000. Y.D. More Investments Ltd acquired a new stake in shares of Automatic Data Processing during the third quarter worth $32,000. High Point Wealth Management LLC acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth $34,000. Finally, AlphaQuest LLC acquired a new stake in shares of Automatic Data Processing during the third quarter worth $38,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $208.45, for a total value of $113,188.35. Following the completion of the transaction, the vice president owned 8,912 shares in the company, valued at $1,857,706.40. This trade represents a 5.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ADP has been the subject of several recent research reports. Mizuho decreased their price target on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Cantor Fitzgerald decreased their price target on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Robert W. Baird decreased their price target on Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. BMO Capital Markets decreased their price target 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. Finally, Stifel Nicolaus decreased their price target on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $244.29.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $231.10 on Thursday. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $315.98. 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 business has a fifty day moving average of $211.62 and a two-hundred day moving average of $229.57. The company has a market cap of $92.38 billion, a P/E ratio of 21.56 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last announced 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. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the business posted $3.06 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a $1.70 dividend. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.9%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.43%.

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.