Brendel Financial Advisors LLC Lowers Stock Position in Automatic Data Processing, Inc. $ADP

Brendel Financial Advisors LLC trimmed its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 88.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,413 shares of the business services provider’s stock after selling 10,636 shares during the quarter. Brendel Financial Advisors LLC’s holdings in Automatic Data Processing were worth $415,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Laurel Wealth Advisors LLC increased its stake in Automatic Data Processing by 30,110.7% in the second quarter. Laurel Wealth Advisors LLC now owns 4,668,758 shares of the business services provider’s stock valued at $1,439,845,000 after purchasing an additional 4,653,304 shares during the period. Norges Bank purchased a new position in shares of Automatic Data Processing during the second quarter worth about $696,841,000. Amundi grew its holdings in shares of Automatic Data Processing by 24.9% during the second quarter. Amundi now owns 3,109,120 shares of the business services provider’s stock worth $948,549,000 after buying an additional 619,829 shares during the last quarter. JPMorgan Chase & Co. increased its position in Automatic Data Processing by 26.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,812,637 shares of the business services provider’s stock valued at $867,445,000 after acquiring an additional 591,800 shares during the period. Finally, Invesco Ltd. raised its stake in Automatic Data Processing by 13.5% during the 2nd quarter. Invesco Ltd. now owns 4,576,681 shares of the business services provider’s stock valued at $1,411,449,000 after acquiring an additional 544,968 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Trading Down 0.0%

Shares of ADP opened at $259.50 on Wednesday. Automatic Data Processing, Inc. has a twelve month low of $247.18 and a twelve month high of $329.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $104.95 billion, a P/E ratio of 25.62 and a beta of 0.86. The firm’s 50-day moving average is $259.81 and its two-hundred day moving average is $285.47.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.44 by $0.05. The business had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. On average, research 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 company also recently declared a quarterly dividend, which will be paid on Thursday, January 1st. Stockholders of record on Friday, December 12th will be given a $1.70 dividend. This is an increase from Automatic Data Processing’s previous quarterly dividend of $1.54. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, December 12th. Automatic Data Processing’s dividend payout ratio (DPR) is 67.13%.

Analyst Upgrades and Downgrades

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

Automatic Data Processing Company 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.