Bokf Na Has $5.75 Million Stake in Automatic Data Processing, Inc. $ADP

Bokf Na lowered its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 13.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,590 shares of the business services provider’s stock after selling 2,925 shares during the quarter. Bokf Na’s holdings in Automatic Data Processing were worth $5,750,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Howard Hughes Medical Institute acquired a new stake in Automatic Data Processing in the 2nd quarter valued at about $27,000. TruNorth Capital Management LLC acquired a new position in Automatic Data Processing during the third quarter worth approximately $28,000. Cloud Capital Management LLC acquired a new position in Automatic Data Processing during the third quarter worth approximately $29,000. Y.D. More Investments Ltd bought a new stake in Automatic Data Processing in the third quarter valued at approximately $32,000. Finally, AlphaQuest LLC acquired a new stake in shares of Automatic Data Processing in the third quarter valued at approximately $38,000. Institutional investors own 80.03% of the company’s stock.

Insider Buying and Selling

In related news, VP David Foskett sold 266 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $237.00, for a total value of $63,042.00. Following the completion of the transaction, the vice president owned 10,954 shares of the company’s stock, valued at $2,596,098. The trade was a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David Kwon sold 900 shares of the company’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 directly owned 11,993 shares of the company’s stock, valued at $3,118,180. This represents a 6.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,515 shares of company stock worth $887,074 over the last three months. Company insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ADP. Stifel Nicolaus reduced their target price on 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 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. Cantor Fitzgerald initiated coverage on shares of Automatic Data Processing in a research report on Tuesday, January 27th. They set an “overweight” rating and a $306.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Automatic Data Processing from $272.00 to $262.00 and set an “underweight” rating on the stock in a report on Thursday, January 29th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $230.00 price objective (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Two 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $290.00.

Automatic Data Processing Stock Down 2.6%

Shares of ADP opened at $207.45 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. Automatic Data Processing, Inc. has a 12 month low of $203.26 and a 12 month high of $329.93. The firm’s 50 day moving average is $235.47 and its 200-day moving average is $260.90. The stock has a market capitalization of $83.53 billion, a PE ratio of 19.95 and a beta of 0.86.

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

Automatic Data Processing declared that its Board of Directors has approved a stock repurchase plan on Wednesday, January 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the business services provider to repurchase up to 5.8% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Automatic Data Processing Announces Dividend

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

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.