Peachtree Investment Partners LLC Sells 3,139 Shares of Automatic Data Processing, Inc. $ADP

Peachtree Investment Partners LLC lowered its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 21.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,243 shares of the business services provider’s stock after selling 3,139 shares during the quarter. Automatic Data Processing makes up 1.0% of Peachtree Investment Partners LLC’s investment portfolio, making the stock its 20th largest position. Peachtree Investment Partners LLC’s holdings in Automatic Data Processing were worth $2,892,000 as of its most recent filing with the Securities & Exchange Commission.

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 worth about $25,000. Y.D. More Investments Ltd bought a new position in Automatic Data Processing in the 3rd quarter worth about $32,000. Board of the Pension Protection Fund bought a new position in Automatic Data Processing in the 4th quarter worth about $31,000. AlphaQuest LLC bought a new position in Automatic Data Processing in the 3rd quarter worth about $38,000. Finally, High Point Wealth Management LLC purchased a new position in Automatic Data Processing during the fourth quarter worth about $34,000. Institutional investors own 80.03% of the company’s stock.

Insider Activity

In other news, VP Christopher D’ambrosio sold 543 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was 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 directly owned 8,912 shares in the company, valued at approximately $1,857,706.40. This represents a 5.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $231.95 on Friday. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $329.93. The business has a 50-day simple moving average of $210.02 and a 200 day simple moving average of $230.12. 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 stock has a market cap of $92.72 billion, a price-to-earnings ratio of 21.64 and a beta of 0.84.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data 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 return on equity of 68.82% and a net margin of 20.12%.The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same period in the prior year, the business earned $3.06 EPS. The company’s revenue for the quarter 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. On average, research analysts forecast that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be issued a $1.70 dividend. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is presently 63.43%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Argus reduced their target price on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Robert W. Baird reduced their target price on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. UBS Group boosted their target price on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Mizuho reduced their target price on Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Finally, TD Cowen upgraded Automatic Data Processing to a “hold” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Automatic Data Processing has a consensus rating of “Hold” and an average target price of $244.29.

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.