Automatic Data Processing, Inc. $ADP Shares Sold by Argos Wealth Advisors LLC

Argos Wealth Advisors LLC lowered its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 40.8% during the first quarter, Holdings Channel.com reports. The institutional investor owned 3,380 shares of the business services provider’s stock after selling 2,332 shares during the period. Argos Wealth Advisors LLC’s holdings in Automatic Data Processing were worth $687,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of Automatic Data Processing by 92.1% in the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock valued at $2,935,000 after acquiring an additional 4,808 shares in the last quarter. Bison Wealth LLC increased its position in Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock worth $1,073,000 after purchasing an additional 681 shares in the last quarter. Schnieders Capital Management LLC. increased its position in Automatic Data Processing by 21.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,259 shares of the business services provider’s stock worth $388,000 after purchasing an additional 225 shares in the last quarter. Osterweis Capital Management Inc. acquired a new position in Automatic Data Processing in the 2nd quarter valued at about $108,000. Finally, Diversify Advisory Services LLC raised its stake in Automatic Data Processing by 17.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 5,477 shares of the business services provider’s stock valued at $1,641,000 after purchasing an additional 815 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Automatic Data Processing stock opened at $242.27 on Friday. The stock’s 50-day moving average is $219.13 and its 200-day moving average is $225.70. The company has a market cap of $96.84 billion, a price-to-earnings ratio of 22.60 and a beta of 0.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98.

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. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities analysts anticipate that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were given a $1.70 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 2.8%. Automatic Data Processing’s dividend payout ratio is presently 63.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ADP shares. Cantor Fitzgerald decreased their price target on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. UBS Group boosted their price objective on shares of Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Robert W. Baird reduced their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Stifel Nicolaus decreased their target price on shares of Automatic Data Processing from $270.00 to $240.00 in a research report on Thursday, April 30th. Finally, Wells Fargo & Company raised shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 target price for the company in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and a consensus price target of $244.29.

Automatic Data Processing 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.