Automatic Data Processing, Inc. $ADP Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc lowered its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 22.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 21,886 shares of the business services provider’s stock after selling 6,468 shares during the quarter. Prospera Financial Services Inc’s holdings in Automatic Data Processing were worth $5,634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Mitchell Capital Management Co. increased its stake in Automatic Data Processing by 325.0% during the third quarter. Mitchell Capital Management Co. now owns 6,800 shares of the business services provider’s stock worth $1,996,000 after acquiring an additional 5,200 shares during the last quarter. Atlantic Union Bankshares Corp increased its stake in Automatic Data Processing by 136.0% during the third quarter. Atlantic Union Bankshares Corp now owns 47,974 shares of the business services provider’s stock worth $14,080,000 after acquiring an additional 27,644 shares during the last quarter. CIBC Asset Management Inc increased its stake in Automatic Data Processing by 2.6% during the third quarter. CIBC Asset Management Inc now owns 183,561 shares of the business services provider’s stock worth $53,875,000 after acquiring an additional 4,720 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Automatic Data Processing by 18.4% during the third quarter. Thrivent Financial for Lutherans now owns 138,215 shares of the business services provider’s stock worth $40,566,000 after acquiring an additional 21,444 shares during the last quarter. Finally, Hilltop Holdings Inc. purchased a new stake in Automatic Data Processing in the third quarter valued at approximately $5,292,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 543 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the sale, the vice president owned 8,912 shares of the company’s stock, valued at approximately $1,857,706.40. This represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $225.31 on Monday. The company has a market cap of $90.06 billion, a P/E ratio of 21.02 and a beta of 0.83. 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 stock has a 50-day moving average of $206.43 and a two-hundred day moving average of $232.01. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping the consensus estimate 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 business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the firm posted $3.06 earnings per share. The company’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 year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.0%. Automatic Data Processing’s dividend payout ratio is currently 63.43%.

Wall Street Analysts Forecast Growth

ADP has been the topic of a number of research analyst reports. Mizuho cut their target price on Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Jefferies Financial Group cut their target price on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Cantor Fitzgerald cut their price objective on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Robert W. Baird cut their price objective on Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Finally, Stifel Nicolaus cut their price objective on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Automatic Data Processing currently has an average rating of “Hold” and a consensus target price of $249.00.

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.