Automatic Data Processing, Inc. $ADP Shares Purchased by Vest Financial LLC

Vest Financial LLC grew its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 324,639 shares of the business services provider’s stock after purchasing an additional 8,634 shares during the quarter. Automatic Data Processing comprises about 1.2% of Vest Financial LLC’s portfolio, making the stock its 5th largest holding. Vest Financial LLC’s holdings in Automatic Data Processing were worth $95,282,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC acquired a new position in Automatic Data Processing in the third quarter valued at about $78,000. First Interstate Bank increased its stake in Automatic Data Processing by 2.6% during the 3rd quarter. First Interstate Bank now owns 3,548 shares of the business services provider’s stock worth $1,041,000 after purchasing an additional 90 shares in the last quarter. McAdam LLC raised its holdings in Automatic Data Processing by 6.8% during the 3rd quarter. McAdam LLC now owns 2,021 shares of the business services provider’s stock worth $593,000 after buying an additional 129 shares during the period. Inscription Capital LLC boosted its holdings in shares of Automatic Data Processing by 6.8% in the third quarter. Inscription Capital LLC now owns 1,814 shares of the business services provider’s stock valued at $532,000 after buying an additional 115 shares during the period. Finally, Root Financial Partners LLC increased its position in shares of Automatic Data Processing by 90.6% during the third quarter. Root Financial Partners LLC now owns 1,405 shares of the business services provider’s stock worth $412,000 after acquiring an additional 668 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 stock in a transaction that occurred on Tuesday, January 13th. The stock was sold at an average price of $262.29, for a total value of $142,423.47. Following the transaction, the vice president owned 9,998 shares in the company, valued at approximately $2,622,375.42. This represents a 5.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David Kwon sold 806 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $264.80, for a total value of $213,428.80. Following the completion of the sale, the vice president directly owned 11,187 shares of the company’s stock, valued at approximately $2,962,317.60. This trade represents a 6.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 2,249 shares of company stock valued at $589,852. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Citigroup started coverage on Automatic Data Processing in a research report on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 target price on the stock. Wells Fargo & Company reduced their price target on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Jefferies Financial Group reissued an “underperform” rating and issued a $230.00 price objective (down previously from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $306.42.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $255.10 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $103.17 billion, a price-to-earnings ratio of 25.18 and a beta of 0.86. Automatic Data Processing, Inc. has a 12 month low of $247.18 and a 12 month high of $329.93. The stock’s 50 day moving average is $258.05 and its 200-day moving average is $280.47.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.44 by $0.05. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period in the prior year, the firm posted $2.33 EPS. Automatic Data Processing’s quarterly revenue was up 7.1% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

Automatic Data Processing declared that its Board of Directors has initiated a share buyback plan on Wednesday, January 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 5.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Automatic Data Processing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $6.80 annualized dividend and a yield of 2.7%. Automatic Data Processing’s payout ratio is 67.13%.

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.