Zevin Asset Management LLC Has $24.06 Million Stake in Automatic Data Processing, Inc. $ADP

Zevin Asset Management LLC trimmed its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 12.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,981 shares of the business services provider’s stock after selling 11,786 shares during the period. Automatic Data Processing comprises about 3.5% of Zevin Asset Management LLC’s holdings, making the stock its 9th largest position. Zevin Asset Management LLC’s holdings in Automatic Data Processing were worth $24,061,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Howard Hughes Medical Institute acquired a new position in Automatic Data Processing during the 2nd quarter valued at about $27,000. Solstein Capital LLC bought a new position in shares of Automatic Data Processing in the second quarter valued at approximately $28,000. Westside Investment Management Inc. boosted its position in shares of Automatic Data Processing by 80.0% during the second quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock valued at $28,000 after buying an additional 40 shares during the last quarter. TruNorth Capital Management LLC purchased a new position in shares of Automatic Data Processing during the third quarter valued at approximately $28,000. Finally, Cloud Capital Management LLC bought a new stake in Automatic Data Processing during the third quarter worth $29,000. 80.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Stifel Nicolaus reduced their target price on shares of Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a research note on Monday, February 9th. Morgan Stanley cut their price target on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a report on Thursday, January 29th. Jefferies Financial Group reiterated an “underperform” rating and issued a $230.00 price objective (down previously from $245.00) on shares of Automatic Data Processing in a research note on Tuesday, December 16th. Wells Fargo & Company dropped their target price on shares of Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating on the stock in a research report on Thursday, January 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus target price of $290.00.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP David Kwon sold 900 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $260.00, for a total transaction of $234,000.00. Following the sale, the vice president owned 11,993 shares in the company, valued at $3,118,180. This trade represents a 6.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Brian L. Michaud sold 1,000 shares of the firm’s stock in a transaction dated 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 disclosure for this sale is available in the SEC filing. Insiders sold 3,515 shares of company stock worth $887,074 in the last three months. Insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Down 0.7%

Shares of ADP opened at $214.47 on Monday. Automatic Data Processing, Inc. has a twelve month low of $208.62 and a twelve month high of $329.93. The stock has a market cap of $86.35 billion, a PE ratio of 20.62 and a beta of 0.85. 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 business’s 50-day moving average price is $247.87 and its 200-day moving average price is $269.05.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, January 28th. The business services provider reported $2.62 earnings per share for the quarter, topping the consensus estimate of $2.57 by $0.05. The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.35 earnings per share. 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 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a $1.70 dividend. The ex-dividend date is Friday, March 13th. This represents a $6.80 annualized dividend and a yield of 3.2%. Automatic Data Processing’s payout ratio is 65.38%.

Automatic Data Processing declared that its board has approved a stock 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 often an indication that the company’s board believes its shares are undervalued.

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.