Automatic Data Processing, Inc. $ADP is Nichols & Pratt Advisers LLP MA’s 5th Largest Position

Nichols & Pratt Advisers LLP MA lowered its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 307,979 shares of the business services provider’s stock after selling 5,153 shares during the period. Automatic Data Processing comprises approximately 5.7% of Nichols & Pratt Advisers LLP MA’s holdings, making the stock its 5th largest holding. Nichols & Pratt Advisers LLP MA owned about 0.08% of Automatic Data Processing worth $90,392,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ADP. Harbor Asset Planning Inc. bought a new position in shares of Automatic Data Processing during the second quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. bought a new position in Automatic Data Processing in the second quarter worth approximately $26,000. Howard Hughes Medical Institute bought a new stake in Automatic Data Processing during the 2nd quarter valued at $27,000. Solstein Capital LLC purchased a new position in shares of Automatic Data Processing in the 2nd quarter valued at $28,000. Finally, Westside Investment Management Inc. increased its holdings in shares of Automatic Data Processing by 80.0% in the 2nd quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 40 shares during the period. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Price Performance

Shares of ADP opened at $247.56 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03. The company’s fifty day moving average price is $258.31 and its 200-day moving average price is $277.25. Automatic Data Processing, Inc. has a 1-year low of $243.68 and a 1-year high of $329.93. The firm has a market capitalization of $99.68 billion, a PE ratio of 23.80 and a beta of 0.85.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results 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. Automatic Data Processing had a return on equity of 68.44% and a net margin of 19.96%.The company had revenue of $5.36 billion during the quarter, compared to analysts’ expectations of $5.34 billion. During the same quarter in the previous year, the firm posted $2.35 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. On average, equities research analysts predict that Automatic Data Processing, Inc. will post 9.93 EPS for the current year.

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

Automatic Data Processing Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $6.80 dividend on an annualized basis and a yield of 2.7%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 65.38%.

Insider Buying and Selling

In other news, VP David Kwon sold 900 shares of the company’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 sale, the vice president directly owned 11,993 shares of the company’s stock, valued at $3,118,180. This represents a 6.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $262.29, for a total transaction of $142,423.47. Following the completion of the sale, the vice president owned 9,998 shares in the company, valued at $2,622,375.42. The trade was a 5.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,249 shares of company stock valued at $589,852 over the last three months. 0.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citigroup dropped their price objective on Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $230.00 price objective (down previously from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Stifel Nicolaus reduced their price objective on shares of Automatic Data Processing from $290.00 to $280.00 and set a “hold” rating for the company in a research note on Thursday, January 29th. Finally, Wells Fargo & Company decreased their target price on shares of Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating for the company in a research report on Thursday, January 29th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $290.83.

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.