Bradley Foster & Sargent Inc. CT Cuts Stock Holdings in Automatic Data Processing, Inc. $ADP

Bradley Foster & Sargent Inc. CT cut its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 142,238 shares of the business services provider’s stock after selling 4,064 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Automatic Data Processing were worth $41,747,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Howard Hughes Medical Institute purchased a new stake in Automatic Data Processing during the second quarter valued at about $27,000. Solstein Capital LLC purchased a new stake in shares of Automatic Data Processing during the 2nd quarter worth about $28,000. Westside Investment Management Inc. increased its position in Automatic Data Processing by 80.0% during the 2nd quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock worth $28,000 after purchasing an additional 40 shares in the last quarter. TruNorth Capital Management LLC purchased a new position in Automatic Data Processing in the third quarter valued at approximately $28,000. Finally, Cloud Capital Management LLC acquired a new position in Automatic Data Processing during the third quarter valued at approximately $29,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $205.52 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03. The company’s fifty day moving average price is $245.55 and its two-hundred day moving average price is $267.65. The firm has a market capitalization of $82.75 billion, a P/E ratio of 19.76 and a beta of 0.85. Automatic Data Processing, Inc. has a 12 month low of $203.26 and a 12 month 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 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same period last year, the firm earned $2.35 earnings per share. The company’s 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. On average, research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current fiscal year.

Automatic Data Processing Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, March 13th. Automatic Data Processing’s dividend payout ratio is presently 65.38%.

Automatic Data Processing declared that its board has approved 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 repurchase up to 5.8% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group reissued an “underperform” rating and issued a $230.00 price objective (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. 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 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. Cantor Fitzgerald initiated coverage on Automatic Data Processing in a research report on Tuesday, January 27th. They issued an “overweight” rating and a $306.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their target price on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating for the company in a research report on Thursday, January 29th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $290.00.

Insiders Place Their Bets

In other Automatic Data Processing news, VP David Kwon sold 900 shares of the stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $260.00, for a total transaction of $234,000.00. Following the transaction, the vice president directly owned 11,993 shares in the company, valued at $3,118,180. This represents a 6.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP David Foskett sold 266 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $237.00, for a total transaction of $63,042.00. Following the transaction, the vice president directly owned 10,954 shares of the company’s stock, valued at approximately $2,596,098. This represents a 2.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,515 shares of company stock valued at $887,074. Corporate 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.