Automatic Data Processing, Inc. $ADP Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc reduced its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,649 shares of the business services provider’s stock after selling 2,597 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Automatic Data Processing were worth $6,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Imprint Wealth LLC purchased a new position in Automatic Data Processing during the 3rd quarter valued at about $25,000. Board of the Pension Protection Fund purchased a new position in Automatic Data Processing during the 4th quarter valued at about $31,000. Y.D. More Investments Ltd purchased a new position in Automatic Data Processing during the 3rd quarter valued at about $32,000. High Point Wealth Management LLC purchased a new position in Automatic Data Processing during the 4th quarter valued at about $34,000. Finally, AlphaQuest LLC purchased a new position in Automatic Data Processing during the 3rd quarter valued at about $38,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. TD Cowen upgraded shares of Automatic Data Processing to a “hold” rating in a report on Monday, May 18th. Mizuho dropped their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Citigroup dropped their target price on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Stifel Nicolaus dropped their target price on shares of Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. Finally, BMO Capital Markets decreased their price target on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $244.29.

Insider Buying and Selling at Automatic Data Processing

In other news, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $208.45, for a total transaction of $113,188.35. Following the transaction, the vice president directly owned 8,912 shares in the company, valued at $1,857,706.40. This represents a 5.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by insiders.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $229.07 on Tuesday. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $325.84. The stock has a market capitalization of $91.57 billion, a P/E ratio of 21.37 and a beta of 0.84. The firm’s 50-day moving average is $210.51 and its two-hundred day moving average is $229.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (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 company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period last year, the company earned $3.06 EPS. The firm’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. Equities analysts predict that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

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

About Automatic Data Processing

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.