Evelyn Partners Asset Management Ltd Decreases Position in Automatic Data Processing, Inc. $ADP

Evelyn Partners Asset Management Ltd lessened its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,441 shares of the business services provider’s stock after selling 3,224 shares during the quarter. Automatic Data Processing accounts for 2.1% of Evelyn Partners Asset Management Ltd’s investment portfolio, making the stock its 14th biggest position. Evelyn Partners Asset Management Ltd’s holdings in Automatic Data Processing were worth $9,116,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Hilltop Holdings Inc. purchased a new position in shares of Automatic Data Processing in the third quarter valued at about $5,292,000. Jefferies Financial Group Inc. purchased a new position in shares of Automatic Data Processing in the third quarter valued at about $2,794,000. Horizon Investments LLC increased its position in shares of Automatic Data Processing by 34.1% in the fourth quarter. Horizon Investments LLC now owns 26,144 shares of the business services provider’s stock valued at $6,725,000 after acquiring an additional 6,655 shares during the period. Elevation Point Wealth Partners LLC increased its position in shares of Automatic Data Processing by 181.5% in the third quarter. Elevation Point Wealth Partners LLC now owns 16,789 shares of the business services provider’s stock valued at $4,950,000 after acquiring an additional 10,824 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. increased its position in shares of Automatic Data Processing by 64.0% in the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 14,757 shares of the business services provider’s stock valued at $3,796,000 after acquiring an additional 5,757 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Insider Buying and Selling

In related news, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $208.45, for a total transaction of $113,188.35. Following the sale, the vice president owned 8,912 shares of the company’s stock, valued at $1,857,706.40. The trade was a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is owned by insiders.

Automatic Data Processing Trading Up 0.2%

Shares of ADP opened at $226.21 on Friday. The firm’s 50-day moving average price is $212.58 and its 200-day moving average price is $229.36. The firm has a market capitalization of $90.42 billion, a price-to-earnings ratio of 21.10 and a beta of 0.84. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last announced its 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 net margin of 20.12% and a return on equity of 68.82%. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the firm posted $3.06 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Sell-side analysts anticipate that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 annualized dividend and a yield of 3.0%. Automatic Data Processing’s payout ratio is presently 63.43%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ADP. Wells Fargo & Company raised shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 target price on the stock in a research note on Monday, May 18th. Guggenheim began coverage on shares of Automatic Data Processing in a research note on Thursday, March 19th. They set a “buy” rating and a $270.00 target price on the stock. Cantor Fitzgerald cut their target price on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Argus cut their target price on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Finally, Morgan Stanley cut their target price on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and a consensus price target of $244.29.

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.