Boston Trust Walden Corp Sells 26,752 Shares of Automatic Data Processing, Inc. $ADP

Boston Trust Walden Corp cut its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 470,778 shares of the business services provider’s stock after selling 26,752 shares during the quarter. Automatic Data Processing comprises approximately 1.0% of Boston Trust Walden Corp’s holdings, making the stock its 14th biggest position. Boston Trust Walden Corp owned approximately 0.12% of Automatic Data Processing worth $138,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Activest Wealth Management boosted its stake in Automatic Data Processing by 2,600.0% in the 1st quarter. Activest Wealth Management now owns 81 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 78 shares during the period. Harbor Asset Planning Inc. bought a new stake in Automatic Data Processing during the second quarter worth $26,000. Mid American Wealth Advisory Group Inc. bought a new position in Automatic Data Processing in the second quarter valued at about $26,000. Howard Hughes Medical Institute bought a new position in shares of Automatic Data Processing in the 2nd quarter valued at $27,000. Finally, Solstein Capital LLC bought a new stake in Automatic Data Processing during the 2nd quarter worth approximately $28,000. 80.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ADP shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 22nd. Jefferies Financial Group reiterated an “underperform” rating and issued a $230.00 target price (down previously from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. UBS Group decreased their price objective on Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a report on Wednesday, September 17th. JPMorgan Chase & Co. lowered their price target on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Finally, Citigroup assumed coverage on shares of Automatic Data Processing in a report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price for the company. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Automatic Data Processing has an average rating of “Hold” and an average price target of $306.42.

Automatic Data Processing Price Performance

Shares of ADP opened at $258.84 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.62. The company has a market cap of $104.69 billion, a price-to-earnings ratio of 25.55 and a beta of 0.86. The company has a 50 day moving average of $260.77 and a two-hundred day moving average of $286.16. Automatic Data Processing, Inc. has a twelve month low of $247.18 and a twelve month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, beating analysts’ consensus estimates of $2.44 by $0.05. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period in the prior year, the company earned $2.33 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. As a group, analysts predict that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 1st. Shareholders of record on Friday, December 12th will be given a $1.70 dividend. The ex-dividend date is Friday, December 12th. This represents a $6.80 annualized dividend and a yield of 2.6%. This is a boost from Automatic Data Processing’s previous quarterly dividend of $1.54. Automatic Data Processing’s payout ratio is currently 67.13%.

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.