5,712 Shares in Automatic Data Processing, Inc. $ADP Acquired by Argos Wealth Advisors LLC

Argos Wealth Advisors LLC purchased a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,712 shares of the business services provider’s stock, valued at approximately $1,469,000.

A number of other institutional investors and hedge funds have also modified their holdings of ADP. Imprint Wealth LLC purchased a new position in shares of Automatic Data Processing during the 3rd quarter worth $25,000. Cloud Capital Management LLC purchased a new position in shares of Automatic Data Processing during the 3rd quarter worth $29,000. Y.D. More Investments Ltd acquired a new stake in shares of Automatic Data Processing during the 3rd quarter worth $32,000. Board of the Pension Protection Fund acquired a new stake in shares of Automatic Data Processing during the 4th quarter worth $31,000. Finally, AlphaQuest LLC acquired a new stake in shares of Automatic Data Processing during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on ADP shares. TD Cowen increased their price target on Automatic Data Processing from $208.00 to $216.00 and gave the company a “hold” rating in a report on Thursday, April 30th. BMO Capital Markets lowered their target price on 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. UBS Group raised their target price on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Jefferies Financial Group lowered their target price on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Finally, Argus reduced their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $253.50.

Automatic Data Processing Stock Performance

Shares of NASDAQ ADP opened at $213.81 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The firm’s 50-day moving average price is $206.62 and its two-hundred day moving average price is $234.98. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $329.93. The stock has a market capitalization of $85.47 billion, a P/E ratio of 19.94 and a beta of 0.83.

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. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the company posted $3.06 earnings per share. Automatic Data Processing’s revenue was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, sell-side analysts forecast that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be issued a $1.70 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 3.2%. Automatic Data Processing’s dividend payout ratio (DPR) is currently 63.43%.

Automatic Data Processing announced that its board has authorized 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 reacquire up to 5.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing 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 value of $113,188.35. Following the transaction, the vice president owned 8,912 shares of the company’s stock, valued at $1,857,706.40. This trade represents a 5.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is owned by corporate 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.