Elevate Capital Advisors LLC Sells 4,972 Shares of Automatic Data Processing, Inc. $ADP

Elevate Capital Advisors LLC decreased its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 38.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,927 shares of the business services provider’s stock after selling 4,972 shares during the quarter. Automatic Data Processing accounts for 1.3% of Elevate Capital Advisors LLC’s portfolio, making the stock its 28th biggest holding. Elevate Capital Advisors LLC’s holdings in Automatic Data Processing were worth $2,039,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Imprint Wealth LLC bought a new stake in Automatic Data Processing in the 3rd quarter worth approximately $25,000. TruNorth Capital Management LLC bought a new stake in Automatic Data Processing in the 3rd quarter worth approximately $28,000. Cloud Capital Management LLC bought a new stake in Automatic Data Processing in the 3rd quarter worth approximately $29,000. Y.D. More Investments Ltd bought a new stake in Automatic Data Processing in the 3rd quarter worth approximately $32,000. Finally, Board of the Pension Protection Fund bought a new stake in Automatic Data Processing in the 4th quarter worth approximately $31,000. Institutional investors own 80.03% of the company’s stock.

Key Headlines Impacting Automatic Data Processing

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

• Positive Sentiment: ADP declared a quarterly dividend of $1.70 per share (ex‑dividend June 12, payable July 1), implying a ~3.5% yield — a cash-return anchor that can support investor demand amid price weakness.
• Neutral Sentiment: Short‑interest data published for April appears non‑informative (reported as 0 shares with an NaN change and a 0.0 days‑to‑cover), so it provides no clear signal about bearish positioning right now.
• Neutral Sentiment: General market/company pages and quote services (CNN, Yahoo Finance) are updating ADP coverage and price data but contain no single new catalyst beyond routine reporting. Automatic Data Processing, Inc. – CNN Markets
• Neutral Sentiment: Company quote and news aggregation on Yahoo Finance provides updated metrics and headlines for investors monitoring intraday moves. Automatic Data Processing, Inc. – Yahoo Finance
• Negative Sentiment: MarketWatch reports ADP has fallen to a new 52‑week low — a technical sign that heightens downside risk and may prompt momentum selling and cautious positioning by momentum/quant funds. Automatic Data Processing Inc. stock falls to new 52-week low
• Negative Sentiment: BMO Capital trimmed ADP’s price target to $234, citing both cyclical and structural pressures on ADP’s business — an analyst action that can weaken sentiment and reduce comfort for long positions, particularly given ADP’s elevated valuation relative to near‑term growth risks. BMO Capital trims ADP target to $234

Insiders Place Their Bets

In related news, VP Brian L. Michaud sold 1,000 shares of the business’s stock in a transaction on 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 transaction, the vice president owned 15,310 shares in the company, valued at $3,585,295.80. The trade was a 6.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $262.29, for a total value of $142,423.47. Following the transaction, the vice president owned 9,998 shares of the company’s stock, valued at approximately $2,622,375.42. The trade was a 5.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,158 shares of company stock worth $766,263 in the last 90 days. 0.20% of the stock is owned by insiders.

Automatic Data Processing Price Performance

Shares of Automatic Data Processing stock opened at $188.79 on Friday. The stock has a market cap of $76.01 billion, a price-to-earnings ratio of 18.15 and a beta of 0.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day moving average price of $213.06 and a 200-day moving average price of $247.04. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results 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 during the quarter, compared to analysts’ expectations of $5.34 billion. Automatic Data Processing had a return on equity of 68.44% and a net margin of 19.96%.The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.35 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. Equities analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing declared that its board has initiated a share buyback plan on Wednesday, January 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the business services provider to buy up to 5.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a dividend of $1.70 per share. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 3.6%. Automatic Data Processing’s payout ratio is presently 65.38%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ADP shares. Stifel Nicolaus reduced their price objective on Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating on the stock in a research note on Monday, February 9th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $230.00 price objective (down from $245.00) on shares of Automatic Data Processing in a research note on Tuesday, December 16th. Citigroup dropped their target price on Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday, December 29th. Finally, Guggenheim started coverage on Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price for the company. 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 given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $284.77.

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.