Peachtree Investment Partners LLC Cuts Stock Position in Automatic Data Processing, Inc. $ADP

Peachtree Investment Partners LLC reduced its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 21.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 11,243 shares of the business services provider’s stock after selling 3,139 shares during the quarter. Automatic Data Processing makes up 1.0% of Peachtree Investment Partners LLC’s holdings, making the stock its 20th biggest holding. Peachtree Investment Partners LLC’s holdings in Automatic Data Processing were worth $2,892,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. MCF Advisors LLC boosted its holdings in shares of Automatic Data Processing by 112.5% in the 4th quarter. MCF Advisors LLC now owns 5,675 shares of the business services provider’s stock worth $1,469,000 after purchasing an additional 3,005 shares in the last quarter. First Command Advisory Services Inc. boosted its holdings in Automatic Data Processing by 1.8% during the 4th quarter. First Command Advisory Services Inc. now owns 2,773 shares of the business services provider’s stock valued at $713,000 after acquiring an additional 50 shares during the period. OneAscent Family Office LLC boosted its holdings in Automatic Data Processing by 25.1% during the 4th quarter. OneAscent Family Office LLC now owns 1,671 shares of the business services provider’s stock valued at $430,000 after acquiring an additional 335 shares during the period. Pinebridge Investments LLC purchased a new stake in Automatic Data Processing during the 4th quarter valued at about $28,259,000. Finally, PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in Automatic Data Processing during the 4th quarter valued at about $10,651,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADP has been the subject of several analyst reports. Cantor Fitzgerald dropped their target price on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. BMO Capital Markets dropped their target price on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. Guggenheim initiated coverage on Automatic Data Processing in a report on Thursday, March 19th. They set a “buy” rating and a $270.00 target price for the company. Stifel Nicolaus dropped their target price on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. Finally, Citigroup dropped their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Automatic Data Processing has a consensus rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing Trading Up 0.3%

ADP opened at $231.95 on Friday. The business has a 50 day simple moving average of $210.02 and a two-hundred day simple moving average of $230.12. The firm has a market capitalization of $92.72 billion, a price-to-earnings ratio of 21.64 and a beta of 0.84. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. 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 released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.Automatic Data Processing’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Analysts predict that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 2.9%. Automatic Data Processing’s dividend payout ratio is presently 63.43%.

Insider Buying and Selling

In other Automatic Data Processing news, VP Christopher D’ambrosio sold 543 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was 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 owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This represents a 5.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.20% of the stock is owned by insiders.

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.