Focus Partners Advisor Solutions LLC Sells 2,201 Shares of Automatic Data Processing, Inc. $ADP

Focus Partners Advisor Solutions LLC lessened its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 18.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,713 shares of the business services provider’s stock after selling 2,201 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Automatic Data Processing were worth $2,499,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ADP. Mitchell Capital Management Co. lifted its stake in Automatic Data Processing by 325.0% in the third quarter. Mitchell Capital Management Co. now owns 6,800 shares of the business services provider’s stock valued at $1,996,000 after acquiring an additional 5,200 shares during the last quarter. Hilltop Holdings Inc. acquired a new stake in Automatic Data Processing in the third quarter valued at $5,292,000. Jefferies Financial Group Inc. acquired a new stake in Automatic Data Processing in the third quarter valued at $2,794,000. Horizon Investments LLC lifted its stake in Automatic Data Processing by 34.1% in the fourth quarter. Horizon Investments LLC now owns 26,144 shares of the business services provider’s stock valued at $6,725,000 after acquiring an additional 6,655 shares during the last quarter. Finally, Cibc World Market Inc. lifted its stake in Automatic Data Processing by 86.6% in the third quarter. Cibc World Market Inc. now owns 93,586 shares of the business services provider’s stock valued at $27,467,000 after acquiring an additional 43,438 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $231.10 on Thursday. The firm has a 50-day moving average of $211.62 and a 200-day moving average of $229.57. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $92.38 billion, a PE ratio of 21.56 and a beta of 0.84. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last posted 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. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.43%.

Wall Street Analysts Forecast Growth

ADP has been the subject of a number of recent analyst reports. Argus cut their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. TD Cowen upgraded shares of Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. BMO Capital Markets cut their price target on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research note on Tuesday, April 7th. Robert W. Baird cut their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Finally, Jefferies Financial Group cut their price target on shares of Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $244.29.

Insider Activity

In other news, VP Christopher D’ambrosio sold 543 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $208.45, for a total transaction of $113,188.35. Following the completion of the sale, the vice president owned 8,912 shares in the company, valued at approximately $1,857,706.40. This trade represents a 5.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.20% of the company’s stock.

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.