Morse Asset Management Inc Has $81,000 Holdings in Automatic Data Processing, Inc. $ADP

Morse Asset Management Inc decreased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 95.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 316 shares of the business services provider’s stock after selling 6,525 shares during the quarter. Morse Asset Management Inc’s holdings in Automatic Data Processing were worth $81,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ADP. Wellington Management Group LLP increased its stake in Automatic Data Processing by 47.8% in the 3rd quarter. Wellington Management Group LLP now owns 6,830,294 shares of the business services provider’s stock valued at $2,004,691,000 after buying an additional 2,208,927 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Automatic Data Processing by 32.1% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,273,700 shares of the business services provider’s stock worth $960,831,000 after buying an additional 796,379 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of Automatic Data Processing in the 4th quarter valued at about $139,636,000. Vanguard Group Inc. grew its holdings in shares of Automatic Data Processing by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 41,689,633 shares of the business services provider’s stock valued at $12,235,907,000 after acquiring an additional 389,451 shares in the last quarter. Finally, Cardano Risk Management B.V. acquired a new stake in shares of Automatic Data Processing in the third quarter valued at about $99,591,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Price Performance

Shares of ADP opened at $210.60 on Wednesday. The company’s 50-day moving average is $206.59 and its 200-day moving average is $237.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $84.18 billion, a PE ratio of 19.65 and a beta of 0.83. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. Automatic Data Processing’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities analysts forecast that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

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

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a $1.70 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 3.2%. Automatic Data Processing’s dividend payout ratio is presently 63.43%.

Insider Transactions at Automatic Data Processing

In related news, VP Brian L. Michaud sold 1,000 shares of the business’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 directly owned 15,310 shares in the company, valued at $3,585,295.80. The trade was a 6.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Christopher D’ambrosio sold 543 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $208.45, for a total value of $113,188.35. Following the completion of the transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,809 shares of company stock worth $410,410. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on ADP shares. Cantor Fitzgerald dropped their target price on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. UBS Group boosted their price target on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. BMO Capital Markets dropped their price objective on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Guggenheim assumed 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. Finally, TD Cowen raised their target price on shares of Automatic Data Processing from $208.00 to $216.00 and gave the company a “hold” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $253.50.

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.