Calamos Advisors LLC Has $24.65 Million Stock Position in Automatic Data Processing, Inc. $ADP

Calamos Advisors LLC reduced its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 95,826 shares of the business services provider’s stock after selling 3,891 shares during the period. Calamos Advisors LLC’s holdings in Automatic Data Processing were worth $24,649,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Imprint Wealth LLC acquired a new stake in Automatic Data Processing during the 3rd quarter worth approximately $25,000. TruNorth Capital Management LLC acquired a new stake in Automatic Data Processing during the 3rd quarter worth approximately $28,000. Cloud Capital Management LLC acquired a new stake in Automatic Data Processing during the 3rd quarter worth approximately $29,000. Y.D. More Investments Ltd acquired a new stake in Automatic Data Processing during the 3rd quarter worth approximately $32,000. Finally, Board of the Pension Protection Fund acquired a new stake in Automatic Data Processing during the 4th quarter worth approximately $31,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Automatic Data Processing

In related news, VP Brian L. Michaud sold 1,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $234.18, for a total value of $234,180.00. Following the completion of the transaction, the vice president directly owned 15,310 shares of the company’s stock, valued at approximately $3,585,295.80. This trade represents a 6.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction on 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 SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,809 shares of company stock valued at $410,410. 0.20% of the stock is owned by corporate insiders.

Automatic Data Processing Price Performance

Shares of ADP opened at $196.53 on Friday. The stock has a market capitalization of $79.13 billion, a P/E ratio of 18.90 and a beta of 0.85. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $329.93. The company has a 50 day moving average of $207.37 and a 200-day moving average of $240.94. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.62.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $5.34 billion. During the same period last year, the business earned $2.35 EPS. The business’s quarterly revenue was up 6.2% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. As a group, equities research analysts forecast that Automatic Data Processing, Inc. will post 10.96 EPS for the current fiscal year.

Automatic Data Processing declared that its board has authorized a stock repurchase plan on Wednesday, January 14th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the business services provider to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 3.5%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 65.38%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup dropped their target price 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. Wells Fargo & Company decreased their price target 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, March 27th. Morgan Stanley decreased their price target on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 29th. Finally, Cantor Fitzgerald decreased their price target on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research note on Tuesday. One equities 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’s stock. According to MarketBeat.com, Automatic Data Processing currently has a consensus rating of “Hold” and an average price target of $273.85.

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.