Confluence Wealth Services Inc. Purchases 4,640 Shares of Automatic Data Processing, Inc. $ADP

Confluence Wealth Services Inc. boosted its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 252.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,480 shares of the business services provider’s stock after purchasing an additional 4,640 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Automatic Data Processing were worth $1,667,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in ADP. Imprint Wealth LLC bought a new position in Automatic Data Processing in the third quarter worth $25,000. TruNorth Capital Management LLC bought a new position in Automatic Data Processing in the third quarter worth $28,000. Cloud Capital Management LLC bought a new position in shares of Automatic Data Processing during the third quarter valued at $29,000. Board of the Pension Protection Fund bought a new position in shares of Automatic Data Processing during the fourth quarter valued at $31,000. Finally, Y.D. More Investments Ltd bought a new position in shares of Automatic Data Processing during the third quarter valued at $32,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Down 0.6%

NASDAQ ADP opened at $201.69 on Thursday. The stock’s 50 day moving average is $207.91 and its 200 day moving average is $241.90. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $329.93. The stock has a market cap of $81.21 billion, a PE ratio of 19.39 and a beta of 0.85.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the previous year, the firm earned $2.35 EPS. 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. Research analysts predict that Automatic Data Processing, Inc. will post 10.96 EPS for the current fiscal year.

Automatic Data Processing announced that its board has approved a share repurchase plan on Wednesday, January 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the business services provider to purchase up to 5.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a dividend of $1.70 per share. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 3.4%. Automatic Data Processing’s payout ratio is presently 65.38%.

Insider Activity at Automatic Data Processing

In related news, VP David Foskett sold 266 shares of the business’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 completion of the transaction, the vice president owned 10,954 shares in the company, valued at $2,596,098. The trade was a 2.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Brian L. Michaud sold 1,000 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $234.18, for a total value of $234,180.00. Following the completion of the sale, the vice president owned 15,310 shares of the company’s stock, valued at $3,585,295.80. This represents a 6.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,809 shares of company stock worth $410,410 in the last quarter. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ADP has been the subject of several analyst reports. Stifel Nicolaus reduced their price target on Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a report on Monday, February 9th. JPMorgan Chase & Co. reduced their price target on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Cantor Fitzgerald reduced their price target on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a report on Tuesday. UBS Group reduced their price objective on Automatic Data Processing from $220.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Finally, Guggenheim began coverage on Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $273.85.

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.