Abner Herrman & Brock LLC Decreases Stock Position in Automatic Data Processing, Inc. $ADP

Abner Herrman & Brock LLC cut its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 84.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,038 shares of the business services provider’s stock after selling 47,330 shares during the quarter. Abner Herrman & Brock LLC’s holdings in Automatic Data Processing were worth $2,325,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ADP. Imprint Wealth LLC purchased a new position in Automatic Data Processing in the 3rd quarter valued at approximately $25,000. Howard Hughes Medical Institute purchased a new stake in shares of Automatic Data Processing during the second quarter worth $27,000. TruNorth Capital Management LLC purchased a new stake in shares of Automatic Data Processing during the third quarter worth $28,000. Cloud Capital Management LLC bought a new position in shares of Automatic Data Processing in the third quarter worth $29,000. Finally, Y.D. More Investments Ltd bought a new position in shares of Automatic Data Processing in the third quarter worth $32,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ADP shares. Wells Fargo & Company decreased their price objective on Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating on the stock in a research note on Thursday, January 29th. Morgan Stanley decreased their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 29th. Citigroup lowered their price target on shares of Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating on the stock in a report on Thursday, January 29th. Guggenheim started coverage on shares of Automatic Data Processing in a research report on Thursday. They issued a “buy” rating and a $270.00 price objective for the company. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 29th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $288.46.

Insider Activity at Automatic Data Processing

In other Automatic Data Processing news, VP Brian L. Michaud sold 1,000 shares of Automatic Data Processing stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $234.18, for a total transaction of $234,180.00. Following the completion of the sale, the vice president owned 15,310 shares of the company’s stock, valued at $3,585,295.80. The trade was a 6.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Christopher D’ambrosio sold 543 shares of the company’s stock in a transaction dated 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 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 SEC filing for this sale provides additional information. Over the last quarter, insiders sold 4,058 shares of company stock valued at $1,000,263. 0.20% of the stock is currently owned by insiders.

Automatic Data Processing Stock Performance

Shares of ADP opened at $210.66 on Friday. Automatic Data Processing, Inc. has a 12-month low of $203.26 and a 12-month high of $329.93. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The company has a market cap of $84.82 billion, a PE ratio of 20.26 and a beta of 0.86. The stock has a 50-day moving average price of $230.43 and a 200-day moving average price of $257.62.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, January 28th. The business services provider reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.05. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the prior year, the business earned $2.35 earnings per share. Automatic Data Processing’s revenue for the quarter was up 6.2% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. As a group, equities analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, March 13th. Automatic Data Processing’s payout ratio is currently 65.38%.

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

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.