PFG Advisors Sells 9,095 Shares of Automatic Data Processing, Inc. $ADP

PFG Advisors reduced its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 44.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,535 shares of the business services provider’s stock after selling 9,095 shares during the period. PFG Advisors’ holdings in Automatic Data Processing were worth $2,967,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Richards Merrill & Peterson Inc. bought a new position in shares of Automatic Data Processing in the fourth quarter worth $103,000. Davidson Trust Co. boosted its stake in Automatic Data Processing by 3.6% during the fourth quarter. Davidson Trust Co. now owns 9,676 shares of the business services provider’s stock valued at $2,489,000 after buying an additional 332 shares during the period. TD Waterhouse Canada Inc. boosted its stake in Automatic Data Processing by 5.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 14,214 shares of the business services provider’s stock valued at $3,656,000 after buying an additional 740 shares during the period. Tred Avon Family Wealth LLC boosted its stake in Automatic Data Processing by 36.9% during the fourth quarter. Tred Avon Family Wealth LLC now owns 1,971 shares of the business services provider’s stock valued at $507,000 after buying an additional 531 shares during the period. Finally, Revisor Wealth Management LLC boosted its stake in Automatic Data Processing by 11.9% during the fourth quarter. Revisor Wealth Management LLC now owns 2,707 shares of the business services provider’s stock valued at $705,000 after buying an additional 288 shares during the period. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Trading Up 0.2%

Shares of ADP stock opened at $202.87 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $208.23 and a two-hundred day moving average price of $242.18. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $329.93. The firm has a market cap of $81.68 billion, a P/E ratio of 19.51 and a beta of 0.85.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, January 28th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the previous year, the company posted $2.35 earnings per share. The company’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. Equities analysts anticipate that Automatic Data Processing, Inc. will post 10.96 EPS for the current fiscal year.

Automatic Data Processing announced that its Board of Directors has initiated a stock buyback program on Wednesday, January 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the business services provider to reacquire up to 5.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Automatic Data Processing Announces Dividend

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

Insiders Place Their Bets

In other Automatic Data Processing news, VP David Foskett sold 266 shares of Automatic Data Processing stock in a transaction dated 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 sale, the vice president owned 10,954 shares of the company’s stock, valued at $2,596,098. The trade was a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Brian L. Michaud sold 1,000 shares of Automatic Data Processing stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $234.18, for a total value of $234,180.00. Following the sale, the vice president directly owned 15,310 shares of the company’s stock, valued at approximately $3,585,295.80. This trade represents a 6.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,809 shares of company stock valued at $410,410 over the last 90 days. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ADP has been the subject of several research analyst reports. Guggenheim initiated coverage on Automatic Data Processing in a research note on Thursday, March 19th. They set a “buy” rating and a $270.00 price objective for the company. Citigroup dropped their price objective on Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating for the company in a research note on Thursday, January 29th. UBS Group dropped their price objective on Automatic Data Processing from $220.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Cantor Fitzgerald dropped their price objective on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on Automatic Data Processing from $295.00 to $275.00 and set an “underweight” rating for the company in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $273.85.

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.