Automatic Data Processing, Inc. $ADP Shares Bought by Columbus Macro LLC

Columbus Macro LLC grew its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 27.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,571 shares of the business services provider’s stock after buying an additional 6,837 shares during the period. Columbus Macro LLC’s holdings in Automatic Data Processing were worth $8,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $201.25 on Monday. The stock has a 50 day moving average of $223.75 and a two-hundred day moving average of $253.10. Automatic Data Processing, Inc. has a twelve month low of $198.59 and a twelve month high of $329.93. The stock has a market capitalization of $81.03 billion, a price-to-earnings ratio of 19.35 and a beta of 0.86. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, January 28th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.05. Automatic Data Processing had a return on equity of 68.44% and a net margin of 19.96%.The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the previous year, the company posted $2.35 earnings per share. The company’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, research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $1.70 per share. The ex-dividend date is Friday, March 13th. This represents a $6.80 dividend on an annualized basis and a yield of 3.4%. Automatic Data Processing’s dividend payout ratio is presently 65.38%.

Automatic Data Processing declared that its Board of Directors has initiated a share repurchase program on Wednesday, January 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the business services provider to repurchase up to 5.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

ADP has been the subject of several research analyst reports. Guggenheim assumed coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 29th. Wells Fargo & Company decreased their price objective on shares of Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating for the company in a research note on Friday. Morgan Stanley dropped their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a report on Thursday, January 29th. Finally, Citigroup cut their target price on Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $284.77.

Insider Activity

In related news, VP Christopher D’ambrosio sold 543 shares of the 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 completion of the transaction, the vice president directly owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP David Kwon sold 806 shares of the firm’s stock in a transaction dated Monday, January 12th. The shares were sold at an average price of $264.80, for a total transaction of $213,428.80. Following the completion of the sale, the vice president owned 11,187 shares of the company’s stock, valued at approximately $2,962,317.60. The trade was a 6.72% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 4,058 shares of company stock worth $1,000,263 over the last quarter. Insiders own 0.20% of the company’s stock.

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.