Automatic Data Processing, Inc. $ADP Stock Holdings Decreased by TD Asset Management Inc

TD Asset Management Inc reduced its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 719,859 shares of the business services provider’s stock after selling 21,949 shares during the quarter. TD Asset Management Inc’s holdings in Automatic Data Processing were worth $185,169,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Coston McIsaac & Partners increased its position in shares of Automatic Data Processing by 13.2% in the third quarter. Coston McIsaac & Partners now owns 335 shares of the business services provider’s stock worth $98,000 after acquiring an additional 39 shares in the last quarter. Northcape Wealth Management LLC increased its position in shares of Automatic Data Processing by 0.6% in the fourth quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock worth $1,692,000 after acquiring an additional 39 shares in the last quarter. Private Advisory Group LLC increased its position in shares of Automatic Data Processing by 4.8% in the third quarter. Private Advisory Group LLC now owns 867 shares of the business services provider’s stock worth $254,000 after acquiring an additional 40 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its position in shares of Automatic Data Processing by 0.3% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,179 shares of the business services provider’s stock worth $4,455,000 after acquiring an additional 41 shares in the last quarter. Finally, Rathbones Group PLC increased its position in shares of Automatic Data Processing by 1.1% in the fourth quarter. Rathbones Group PLC now owns 4,027 shares of the business services provider’s stock worth $1,036,000 after acquiring an additional 42 shares in the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Up 1.6%

Automatic Data Processing stock opened at $231.31 on Friday. The firm has a market cap of $92.46 billion, a PE ratio of 21.58 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50 day moving average price is $209.43 and its two-hundred day moving average price is $230.11. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.07. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, research analysts predict that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be paid a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 2.9%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is currently 63.43%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ADP shares. Morgan Stanley dropped their target price on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. TD Cowen upgraded Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. BMO Capital Markets dropped their target price on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Argus dropped their price objective on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Finally, Stifel Nicolaus dropped their price objective on shares of Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $244.29.

Insider Buying and Selling

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $208.45, for a total value of $113,188.35. Following the completion of the sale, the vice president directly owned 8,912 shares of the company’s stock, valued at $1,857,706.40. The trade was a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by corporate insiders.

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.