Oxbow Advisors LLC Sells 24,850 Shares of Automatic Data Processing, Inc. $ADP

Oxbow Advisors LLC trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 81.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,780 shares of the business services provider’s stock after selling 24,850 shares during the period. Oxbow Advisors LLC’s holdings in Automatic Data Processing were worth $1,174,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in Automatic Data Processing by 92.1% in the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock worth $2,935,000 after acquiring an additional 4,808 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of Automatic Data Processing by 22.8% during the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after acquiring an additional 681 shares in the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of Automatic Data Processing by 21.8% during the second quarter. Schnieders Capital Management LLC. now owns 1,259 shares of the business services provider’s stock valued at $388,000 after acquiring an additional 225 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in shares of Automatic Data Processing during the second quarter valued at $108,000. Finally, Diversify Advisory Services LLC raised its position in shares of Automatic Data Processing by 17.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 5,477 shares of the business services provider’s stock worth $1,641,000 after purchasing an additional 815 shares during the last quarter. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $242.27 on Friday. The firm has a market cap of $96.84 billion, a price-to-earnings ratio of 22.60 and a beta of 0.83. The stock has a fifty day simple moving average of $219.94 and a two-hundred day simple moving average of $225.81. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.07. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities analysts predict that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is presently 63.43%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ADP shares. Argus dropped their price target 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. Stifel Nicolaus reduced their price objective on shares of Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. UBS Group lifted their target price on shares of Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Robert W. Baird dropped their target price on shares of Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Automatic Data Processing has an average rating of “Hold” and a consensus target price of $244.29.

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.