Automatic Data Processing, Inc. $ADP Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 294,257 shares of the business services provider’s stock after selling 4,137 shares during the period. New York State Teachers Retirement System’s holdings in Automatic Data Processing were worth $75,692,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Automatic Data Processing by 0.9% in the third quarter. Vanguard Group Inc. now owns 41,689,633 shares of the business services provider’s stock valued at $12,235,907,000 after buying an additional 389,451 shares in the last quarter. Capital Research Global Investors raised its position in shares of Automatic Data Processing by 1.5% during the 3rd quarter. Capital Research Global Investors now owns 8,021,194 shares of the business services provider’s stock worth $2,354,220,000 after acquiring an additional 116,074 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Automatic Data Processing by 47.8% during the 3rd quarter. Wellington Management Group LLP now owns 6,830,294 shares of the business services provider’s stock worth $2,004,691,000 after acquiring an additional 2,208,927 shares in the last quarter. Invesco Ltd. lifted its stake in Automatic Data Processing by 5.7% during the third quarter. Invesco Ltd. now owns 4,837,993 shares of the business services provider’s stock worth $1,419,951,000 after purchasing an additional 261,312 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Automatic Data Processing by 3.3% during the third quarter. Ameriprise Financial Inc. now owns 4,323,554 shares of the business services provider’s stock worth $1,264,118,000 after purchasing an additional 136,142 shares during the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, VP David Foskett sold 266 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $237.00, for a total value of $63,042.00. Following the completion of the sale, the vice president owned 10,954 shares in the company, valued at $2,596,098. This trade represents a 2.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the sale, the vice president directly owned 8,912 shares in the company, valued at approximately $1,857,706.40. This represents a 5.74% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,809 shares of company stock worth $410,410. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

ADP has been the topic of a number of research analyst reports. BMO Capital Markets cut their price objective on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Wells Fargo & Company cut their price target on shares of Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating on the stock in a research note on Friday, March 27th. Citigroup decreased their price objective on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday. Guggenheim began coverage on Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 target price on the stock. Finally, TD Cowen upped their target price on Automatic Data Processing from $208.00 to $216.00 and gave the company a “hold” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $260.21.

Key Stories Impacting Automatic Data Processing

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: Q3 beat and raised guidance — ADP topped EPS and revenue estimates and lifted FY26 EPS guidance, supporting stronger forward earnings expectations. PR News Release
• Positive Sentiment: UBS nudged its price target up to $218 (Neutral) and TD Cowen raised its target to $216 (Hold) — small upward revisions that partially offset other cuts. Benzinga TickerReport
• Neutral Sentiment: Cantor Fitzgerald cut its price target to $244 from $306 but maintained an Overweight rating — a mixed signal that trims upside while keeping a positive stance on longer-term fundamentals. MarketScreener
• Negative Sentiment: Citigroup lowered its price target from $265 to $230 and moved to a Neutral rating — a material trim in analyst upside that likely pressured the stock. Benzinga
• Neutral Sentiment: Analyst commentary is mixed: some firms emphasize ADP’s AI momentum and raised guidance on the call, while others trimmed targets citing valuation or macro concerns — creating short-term volatility. TipRanks summary

Automatic Data Processing Price Performance

Shares of ADP opened at $211.94 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.63. The stock’s 50 day moving average is $206.67 and its two-hundred day moving average is $238.64. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $329.93. The firm has a market capitalization of $85.34 billion, a PE ratio of 19.77 and a beta of 0.85.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the prior year, the business posted $3.06 EPS. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Research analysts anticipate that Automatic Data Processing, Inc. will post 11.06 earnings per share for the current year.

Automatic Data Processing announced that its board has authorized a share repurchase program on Wednesday, January 14th that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the business services provider to buy up to 5.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be issued a $1.70 dividend. 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 3.2%. Automatic Data Processing’s dividend payout ratio (DPR) is 65.38%.

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.