Confluence Wealth Services Inc. Buys 4,640 Shares of Automatic Data Processing, Inc. $ADP

Confluence Wealth Services Inc. boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 252.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,480 shares of the business services provider’s stock after buying an additional 4,640 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Automatic Data Processing were worth $1,667,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Imprint Wealth LLC bought a new position in Automatic Data Processing in the 3rd quarter valued at approximately $25,000. TruNorth Capital Management LLC bought a new position in Automatic Data Processing in the 3rd quarter valued at approximately $28,000. Cloud Capital Management LLC bought a new position in Automatic Data Processing in the 3rd quarter valued at approximately $29,000. Board of the Pension Protection Fund bought a new position in Automatic Data Processing in the 4th quarter valued at approximately $31,000. Finally, Y.D. More Investments Ltd bought a new position in Automatic Data Processing in the 3rd quarter valued at approximately $32,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $201.69 on Thursday. The company has a market cap of $81.21 billion, a price-to-earnings ratio of 19.39 and a beta of 0.85. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $329.93. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average of $207.91 and a 200-day moving average of $241.90.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, January 28th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.57 by $0.05. The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.34 billion. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. Automatic Data Processing’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.35 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. On average, equities analysts forecast that Automatic Data Processing, Inc. will post 10.96 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be issued a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 annualized dividend and a yield of 3.4%. Automatic Data Processing’s dividend payout ratio is 65.38%.

Automatic Data Processing announced that its Board of Directors has approved a share repurchase program on Wednesday, January 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the business services provider to buy up to 5.8% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Citigroup dropped their price objective on shares of Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Morgan Stanley lowered their price target on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Thursday, January 29th. Cantor Fitzgerald lowered their price target on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a report on Tuesday. Stifel Nicolaus lowered their price target on shares of Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a report on Monday, February 9th. Finally, Guggenheim assumed coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They set a “buy” rating and a $270.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $273.85.

Insider Buying and Selling at Automatic Data Processing

In related news, VP Brian L. Michaud sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $234.18, for a total value of $234,180.00. Following the transaction, the vice president directly owned 15,310 shares in the company, valued at approximately $3,585,295.80. This represents a 6.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 that occurred on Monday, March 16th. The shares were sold at an average price of $208.45, for a total transaction of $113,188.35. Following the transaction, the vice president owned 8,912 shares in the company, valued at $1,857,706.40. The trade was a 5.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,809 shares of company stock valued at $410,410 over the last three months. 0.20% of the stock is currently owned by insiders.

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.