HighTower Advisors LLC Sells 11,169 Shares of Automatic Data Processing, Inc. $ADP

HighTower Advisors LLC decreased its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.0% during the fourth quarter, HoldingsChannel reports. The firm owned 270,043 shares of the business services provider’s stock after selling 11,169 shares during the quarter. HighTower Advisors LLC’s holdings in Automatic Data Processing were worth $69,463,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Mitchell Capital Management Co. lifted its position in shares of Automatic Data Processing by 325.0% during the 3rd quarter. Mitchell Capital Management Co. now owns 6,800 shares of the business services provider’s stock worth $1,996,000 after purchasing an additional 5,200 shares during the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of Automatic Data Processing by 136.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 47,974 shares of the business services provider’s stock worth $14,080,000 after purchasing an additional 27,644 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Automatic Data Processing by 2.6% during the 3rd quarter. CIBC Asset Management Inc now owns 183,561 shares of the business services provider’s stock worth $53,875,000 after purchasing an additional 4,720 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Automatic Data Processing by 18.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 138,215 shares of the business services provider’s stock worth $40,566,000 after purchasing an additional 21,444 shares during the last quarter. Finally, Hilltop Holdings Inc. acquired a new position in shares of Automatic Data Processing during the 3rd quarter worth about $5,292,000. Institutional investors own 80.03% of the company’s stock.

Insider Activity

In other news, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $208.45, for a total value of $113,188.35. Following the completion of the transaction, the vice president owned 8,912 shares in the company, valued at approximately $1,857,706.40. The trade was a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Robert W. Baird reduced their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Morgan Stanley reduced 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 Tuesday, April 28th. Mizuho reduced their price target on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a report on Monday. Finally, BMO Capital Markets reduced their price target on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $249.00.

Automatic Data Processing Stock Performance

Automatic Data Processing stock opened at $220.69 on Thursday. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $329.93. The stock has a fifty day moving average price of $206.13 and a two-hundred day moving average price of $232.52. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $88.22 billion, a P/E ratio of 20.59 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the company posted $3.06 earnings per share. Automatic Data Processing’s quarterly revenue was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, analysts anticipate that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a $1.70 dividend. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.1%. Automatic Data Processing’s payout ratio is 63.43%.

Key Headlines Impacting Automatic Data Processing

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

• Positive Sentiment: Wells Fargo upgraded Automatic Data Processing (ADP) to Equal Weight, adding to the bullish tone around the stock as analysts become more constructive on its outlook. Wells Fargo upgrades Automatic Data Processing (ADP)
• Positive Sentiment: ADP’s latest earnings-call commentary highlighted AI-related gains and an upgraded outlook, which may be improving investor confidence in future growth and margins. ADP Earnings Call Highlights AI Gains and Upgraded Outlook
• Positive Sentiment: Management has emphasized AI as a “defining moment” for the company, reinforcing the view that automation and product innovation could support longer-term earnings growth. Automatic Data Processing CEO says AI marks ‘defining moment’ as labor market stays muted
• Neutral Sentiment: ADP also published its weekly employment estimate, showing U.S. private employers added an average of 42,250 jobs per week through May 2. The report is supportive of ADP’s data franchise, but it is not a direct earnings catalyst. ADP National Employment Report Preliminary Estimate for May 2, 2026
• Neutral Sentiment: Other coverage focused on whether Wall Street is broadly bullish or bearish on ADP, but did not add a clearly new fundamental catalyst. Automatic Data Processing stock outlook: Is Wall Street bullish or bearish?
• Negative Sentiment: TD Cowen’s move to Hold suggests some analysts see less upside near term, which could temper enthusiasm despite the recent positive news flow. Automatic Data Processing was upgraded by TD Cowen to “hold”

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.