Automatic Data Processing, Inc. $ADP Shares Sold by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 71.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,435 shares of the business services provider’s stock after selling 18,939 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Automatic Data Processing were worth $1,913,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Woodstock Corp grew its stake in Automatic Data Processing by 1.0% during the 4th quarter. Woodstock Corp now owns 56,128 shares of the business services provider’s stock valued at $14,438,000 after purchasing an additional 540 shares in the last quarter. Sky Investment Group LLC raised its position in shares of Automatic Data Processing by 5.4% in the 4th quarter. Sky Investment Group LLC now owns 24,155 shares of the business services provider’s stock valued at $6,213,000 after purchasing an additional 1,230 shares in the last quarter. Chesley Taft & Associates LLC raised its position in shares of Automatic Data Processing by 3.4% in the 4th quarter. Chesley Taft & Associates LLC now owns 17,588 shares of the business services provider’s stock valued at $4,524,000 after purchasing an additional 575 shares in the last quarter. Cypress Wealth Services LLC boosted its stake in shares of Automatic Data Processing by 12.5% during the 4th quarter. Cypress Wealth Services LLC now owns 1,420 shares of the business services provider’s stock valued at $365,000 after buying an additional 158 shares during the last quarter. Finally, Eastern Bank grew its position in shares of Automatic Data Processing by 1.1% during the fourth quarter. Eastern Bank now owns 88,124 shares of the business services provider’s stock worth $22,668,000 after buying an additional 933 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Buying and Selling at Automatic Data Processing

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $208.45, for a total value of $113,188.35. Following the transaction, the vice president owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This trade represents a 5.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP David Foskett sold 266 shares of Automatic Data Processing 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 owned 10,954 shares of the company’s stock, 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. Insiders have sold 4,058 shares of company stock worth $1,000,263 in the last ninety days. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of ADP opened at $201.25 on Monday. The stock has a market capitalization of $81.03 billion, a PE ratio of 19.35 and a beta of 0.86. The business’s fifty day moving average price is $223.75 and its 200 day moving average price is $253.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03. Automatic Data Processing, Inc. has a 12-month low of $198.59 and a 12-month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, January 28th. The business services provider reported $2.62 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the prior year, the company earned $2.35 earnings per share. The firm’s revenue 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. Equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing announced that its Board of Directors has authorized a stock buyback program on Wednesday, January 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Automatic Data Processing Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wells Fargo & Company dropped 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. Morgan Stanley decreased their price objective on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Thursday, January 29th. Cantor Fitzgerald began coverage on shares of Automatic Data Processing in a research report on Tuesday, January 27th. They issued an “overweight” rating and a $306.00 target price for the company. Jefferies Financial Group reaffirmed an “underperform” rating and set a $230.00 price target (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Finally, Stifel Nicolaus decreased their price target on Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $284.77.

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.