New York State Common Retirement Fund Has $146.17 Million Stake in Automatic Data Processing, Inc. $ADP

New York State Common Retirement Fund lowered its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.3% in the third quarter, Holdings Channel reports. The fund owned 498,011 shares of the business services provider’s stock after selling 17,200 shares during the quarter. New York State Common Retirement Fund’s holdings in Automatic Data Processing were worth $146,166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Waterhouse Canada Inc. increased its position in Automatic Data Processing by 0.9% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 13,474 shares of the business services provider’s stock worth $3,929,000 after purchasing an additional 114 shares in the last quarter. JSF Financial LLC grew its stake in shares of Automatic Data Processing by 5.4% during the third quarter. JSF Financial LLC now owns 3,474 shares of the business services provider’s stock worth $1,020,000 after buying an additional 179 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Automatic Data Processing by 14.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 184,499 shares of the business services provider’s stock worth $54,150,000 after buying an additional 23,423 shares during the last quarter. Paragon Private Wealth Management LLC increased its holdings in shares of Automatic Data Processing by 3.5% during the third quarter. Paragon Private Wealth Management LLC now owns 7,220 shares of the business services provider’s stock worth $2,119,000 after buying an additional 242 shares in the last quarter. Finally, Saxon Interests Inc. lifted its stake in shares of Automatic Data Processing by 12.7% in the 3rd quarter. Saxon Interests Inc. now owns 745 shares of the business services provider’s stock valued at $227,000 after acquiring an additional 84 shares during the last quarter. 80.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ADP shares. Citigroup began coverage on Automatic Data Processing in a research report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 price objective on the stock. Wells Fargo & Company reduced their price target on Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. lowered their price objective on Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Jefferies Financial Group reiterated an “underperform” rating and set a $230.00 target price (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Finally, Cantor Fitzgerald assumed coverage on shares of Automatic Data Processing in a report on Tuesday. They set an “overweight” rating and a $306.00 target price on the stock. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and a consensus price target of $306.38.

Insiders Place Their Bets

In related news, VP David Kwon sold 900 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $260.00, for a total value of $234,000.00. Following the transaction, the vice president owned 11,993 shares in the company, valued at $3,118,180. The trade was a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher D’ambrosio sold 543 shares of the company’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $262.29, for a total transaction of $142,423.47. Following the sale, the vice president directly owned 9,998 shares in the company, valued at $2,622,375.42. This trade represents a 5.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,249 shares of company stock valued at $589,852 in the last three months. 0.20% of the stock is owned by insiders.

Automatic Data Processing News Roundup

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

• Positive Sentiment: Q2 beat and outlook lift: ADP posted Q2 EPS of $2.62 (above estimates) and revenue of $5.36B (+6.2% y/y), and updated FY?2026 EPS guidance to a range that implies continued earnings growth—an immediate catalyst for investor optimism. PR Newswire: Q2 Results
• Positive Sentiment: Buyback and management tone: Management used the earnings call to highlight an upbeat outlook and the company’s sizable buyback program, which supports EPS and signals capital-return priority. This was emphasized in post?earnings coverage. TipRanks: Earnings Call Highlights
• Positive Sentiment: Analyst initiation: Cantor Fitzgerald initiated coverage with an “overweight” rating and $306 price target (~22% above the prior close), adding buy-side attention and potential demand for the shares. AmericanBankingNews: Cantor Fitzgerald Initiates Coverage
• Positive Sentiment: AI product launch: ADP announced new ADP Assist AI agents aimed at reducing HR/payroll friction—this reinforces the company’s product-led growth story and could support long?term revenue/retention. PR Newswire: ADP AI Agents
• Neutral Sentiment: Short?interest data appears inconsistent: Recent short?interest entries show zero shares / NaN changes, suggesting the reported figures are likely erroneous or not meaningful—no actionable signal from short data yet.
• Neutral Sentiment: Macro signal from client hiring: Some reports note weak client headcount trends (slower hiring), which pressures ADP’s per?employee revenue but is partially offset by product mix and pricing. This is a mixed driver for near?term revenue. MarketBeat: Buyback + Hiring Notes
• Negative Sentiment: Valuation and macro headwinds concern some analysts: Commentary argues ADP remains relatively expensive given potential payroll weakness and macro risk—this could cap multiple expansion even after the quarter’s beat. Seeking Alpha: Valuation Concerns

Automatic Data Processing Trading Down 1.5%

Shares of ADP stock opened at $250.69 on Thursday. Automatic Data Processing, Inc. has a 1-year low of $247.18 and a 1-year high of $329.93. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.62. The stock has a market cap of $101.39 billion, a price-to-earnings ratio of 24.75 and a beta of 0.86. The stock has a 50-day moving average of $258.55 and a 200-day moving average of $278.55.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.05. The company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.34 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.35 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. On average, equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $1.70 per share. The ex-dividend date is Friday, March 13th. This represents a $6.80 annualized dividend and a dividend yield of 2.7%. Automatic Data Processing’s dividend payout ratio is 67.13%.

Automatic Data Processing declared that its Board of Directors has initiated 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 shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.