Automatic Data Processing, Inc. $ADP Stock Holdings Increased by California Public Employees Retirement System

California Public Employees Retirement System increased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 18.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,671,963 shares of the business services provider’s stock after purchasing an additional 259,937 shares during the quarter. California Public Employees Retirement System owned approximately 0.41% of Automatic Data Processing worth $490,721,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of Automatic Data Processing by 92.1% during the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock worth $2,935,000 after acquiring an additional 4,808 shares in the last quarter. Bison Wealth LLC grew its stake in Automatic Data Processing by 22.8% in the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after purchasing an additional 681 shares in the last quarter. Schnieders Capital Management LLC. grew its stake in Automatic Data Processing by 21.8% in the second quarter. Schnieders Capital Management LLC. now owns 1,259 shares of the business services provider’s stock valued at $388,000 after purchasing an additional 225 shares in the last quarter. Intrua Financial LLC increased its position in Automatic Data Processing by 37.7% in the 2nd quarter. Intrua Financial LLC now owns 2,012 shares of the business services provider’s stock worth $620,000 after purchasing an additional 551 shares during the last quarter. Finally, Foundations Investment Advisors LLC raised its stake in shares of Automatic Data Processing by 12.4% during the 2nd quarter. Foundations Investment Advisors LLC now owns 5,002 shares of the business services provider’s stock worth $1,543,000 after purchasing an additional 550 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Activity

In other Automatic Data Processing 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 transaction of $234,000.00. Following the completion of the transaction, the vice president owned 11,993 shares of the company’s stock, valued at $3,118,180. The trade was a 6.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP David Foskett sold 266 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $237.00, for a total value of $63,042.00. Following the completion of the sale, the vice president directly owned 10,954 shares in the company, valued at approximately $2,596,098. This represents a 2.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,515 shares of company stock worth $887,074 in the last 90 days. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ADP shares. Morgan Stanley reduced their price target on 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. Wells Fargo & Company dropped their price objective on Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating on the stock in a report on Thursday, January 29th. Citigroup cut their price objective on shares of 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. Finally, Cantor Fitzgerald initiated coverage on shares of Automatic Data Processing in a research note on Tuesday, January 27th. They set an “overweight” rating and a $306.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average target price of $290.00.

Automatic Data Processing Stock Up 0.5%

Shares of Automatic Data Processing stock opened at $208.52 on Friday. Automatic Data Processing, Inc. has a 12-month low of $203.26 and a 12-month 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 stock has a 50 day moving average price of $234.58 and a two-hundred day moving average price of $259.94. The stock has a market capitalization of $83.96 billion, a P/E ratio of 20.05 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.05. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. The company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same quarter last year, the firm posted $2.35 earnings per share. The company’s quarterly 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. Equities analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing declared that its Board of Directors has approved a stock buyback program 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 programs are generally an indication that the company’s leadership believes its stock is undervalued.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, March 13th. Automatic Data Processing’s dividend payout ratio (DPR) is 65.38%.

Automatic Data Processing 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.