Frank Rimerman Advisors LLC Cuts Position in Automatic Data Processing, Inc. $ADP

Frank Rimerman Advisors LLC trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 39.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,153 shares of the business services provider’s stock after selling 3,378 shares during the period. Frank Rimerman Advisors LLC’s holdings in Automatic Data Processing were worth $1,326,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Imprint Wealth LLC purchased a new position in shares of Automatic Data Processing in the 3rd quarter valued at $25,000. Howard Hughes Medical Institute acquired a new position in shares of Automatic Data Processing during the 2nd quarter valued at $27,000. TruNorth Capital Management LLC purchased a new stake in Automatic Data Processing during the 3rd quarter worth $28,000. Cloud Capital Management LLC purchased a new stake in Automatic Data Processing during the 3rd quarter worth $29,000. Finally, Board of the Pension Protection Fund acquired a new stake in Automatic Data Processing in the 4th quarter valued at $31,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADP has been the topic of several research reports. Guggenheim assumed coverage on Automatic Data Processing in a research report on Thursday, March 19th. They issued a “buy” rating and a $270.00 price objective on the stock. Stifel Nicolaus decreased their target price on Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a research report on Monday, February 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 29th. JPMorgan Chase & Co. dropped their target price on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating on the stock in a report on Thursday, January 29th. Finally, Morgan Stanley reduced 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. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $284.77.

Automatic Data Processing News Roundup

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: ADP’s own March National Employment Report showed private sector employment rose +62,000 and annual pay was up 4.5%, data that supports continued demand for payroll and HR services. ADP National Employment Report
• Positive Sentiment: ADP research shows small private firms (sub-50 employees) drove the bulk of payroll gains last month (+85k in a cited dataset), a favorable trend for ADP’s SMB-facing products. No Foolin’: ADP Jobs Led by Small Companies
• Positive Sentiment: Analyst commentary urging investors to retain ADP points to steady revenue growth, rising EPS outlook and a strong dividend track record — supportive for longer‑term holders. Here’s Why You Should Retain ADP Stock
• Neutral Sentiment: UBS reaffirmed a Hold rating on ADP, signaling no immediate upside from that shop but not a fresh sell signal either. UBS Reaffirms Hold on ADP
• Negative Sentiment: Investors advanced an ERISA suit over ADP 401(k) plan fees — potential legal exposure and reputational risk that can pressure the stock. ADP 401(k) Investors Advance ERISA Suit
• Negative Sentiment: Wells Fargo cut its price target sharply (to $214 from $262) and reiterated an Underweight rating, citing multiple‑compression — a clear near‑term headwind for investor sentiment. Wells Fargo Cuts Price Target on ADP
• Negative Sentiment: Short interest in ADP rose ~18% in March, indicating increasing bearish bets that can amplify downside pressure if sentiment deteriorates. ADP Short Interest Up 18%
• Negative Sentiment: High‑profile criticism from commentators (e.g., Jim Cramer) that the company can be “disenfranchised” like peers may accelerate fund flow out of the name and weigh on retail sentiment. Jim Cramer on ADP

Automatic Data Processing Price Performance

ADP opened at $201.28 on Thursday. Automatic Data Processing, Inc. has a twelve month low of $197.08 and a twelve month high of $329.93. The firm has a market cap of $81.04 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. The company has a fifty day simple moving average of $220.50 and a 200 day simple moving average of $251.46.

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

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Friday, March 13th were paid a $1.70 dividend. The ex-dividend date was Friday, March 13th. This represents a $6.80 annualized dividend and a dividend yield of 3.4%. Automatic Data Processing’s payout ratio is 65.38%.

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

Insiders Place Their Bets

In other Automatic Data Processing news, VP David Kwon sold 900 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $260.00, for a total transaction of $234,000.00. Following the sale, the vice president directly owned 11,993 shares in the company, valued at $3,118,180. The trade was a 6.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David Foskett sold 266 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $237.00, for a total value of $63,042.00. Following the completion of the transaction, the vice president directly owned 10,954 shares in the company, valued at approximately $2,596,098. The trade was a 2.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 4,058 shares of company stock worth $1,000,263. 0.20% of the stock is owned by insiders.

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.