55,900 Shares in Automatic Data Processing, Inc. $ADP Bought by Payden & Rygel

Payden & Rygel bought a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the 3rd quarter, Holdings Channel.com reports. The firm bought 55,900 shares of the business services provider’s stock, valued at approximately $14,426,000.

Several other large investors have also added to or reduced their stakes in ADP. Canopy Partners LLC boosted its holdings in Automatic Data Processing by 113.9% in the third quarter. Canopy Partners LLC now owns 16,822 shares of the business services provider’s stock worth $4,341,000 after acquiring an additional 8,956 shares in the last quarter. Partners Wealth Management LLC increased its position in shares of Automatic Data Processing by 94.9% during the third quarter. Partners Wealth Management LLC now owns 2,068 shares of the business services provider’s stock valued at $537,000 after acquiring an additional 1,007 shares during the last quarter. Founders Financial Securities LLC raised its stake in shares of Automatic Data Processing by 3.0% during the 3rd quarter. Founders Financial Securities LLC now owns 10,721 shares of the business services provider’s stock worth $2,767,000 after purchasing an additional 310 shares during the period. Sage Rhino Capital LLC bought a new position in shares of Automatic Data Processing during the 3rd quarter valued at approximately $207,000. Finally, Financial Network Wealth Advisors LLC raised its stake in shares of Automatic Data Processing by 21.3% in the third quarter. Financial Network Wealth Advisors LLC now owns 461 shares of the business services provider’s stock valued at $119,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Key Headlines Impacting Automatic Data Processing

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: Raised fiscal 2027 outlook: ADP now forecasts 10%–12% growth in adjusted earnings per share and raised its outlook for client-funds interest revenue to $1.59 billion–$1.61 billion. The improved guidance is the clearest near-term catalyst for the stock. ADP forecasts fiscal 2027 adjusted EPS growth
• Positive Sentiment: Quarterly results exceeded expectations: ADP reported earnings of $2.82 per share versus the $2.77 consensus estimate, while revenue of $5.49 billion modestly topped forecasts and increased 6.1% year over year. Management also highlighted AI momentum during the earnings call. ADP fiscal 2027 first-quarter results
• Positive Sentiment: Some analysts see additional upside: Guggenheim reaffirmed a Buy rating with a $340 price target, while Stifel raised its target to $305. Jefferies also lifted its target, although it retained an Underperform rating. Guggenheim ADP rating
• Neutral Sentiment: Expansion in small-business payroll: ADP is broadening its reach among small-business customers, a move that could support long-term client and revenue growth but may require additional investment. ADP small-business payroll expansion
• Negative Sentiment: Valuation and analyst caution: Citi, Morgan Stanley, and RBC maintain neutral or equivalent ratings with targets around $288–$295, while Jefferies remains bearish. A Seeking Alpha analysis also argues that investors should not chase the rally despite ADP’s attractive dividend-growth record. ADP dividend growth and valuation analysis

Automatic Data Processing Stock Up 2.7%

Shares of Automatic Data Processing stock opened at $293.84 on Friday. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $309.40. The firm’s 50 day moving average price is $277.25 and its 200-day moving average price is $240.83. The company has a quick ratio of 1.05, a current ratio of 1.03 and a debt-to-equity ratio of 0.98. The company has a market cap of $116.43 billion, a P/E ratio of 26.05, a PEG ratio of 2.58 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, October 28th. The business services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.77 by $0.05. The business had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.48 billion. Automatic Data Processing had a net margin of 20.33% and a return on equity of 77.01%. Automatic Data Processing’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.49 EPS. On average, sell-side analysts predict that Automatic Data Processing, Inc. will post 12.34 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Friday, September 11th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, September 11th. Automatic Data Processing’s payout ratio is currently 60.28%.

Insider Buying and Selling

In related news, CEO Maria Black sold 29,810 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $280.91, for a total transaction of $8,373,927.10. Following the completion of the sale, the chief executive officer owned 80,624 shares in the company, valued at $22,648,087.84. The trade was a 26.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP David Kwon sold 798 shares of Automatic Data Processing stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $280.00, for a total value of $223,440.00. Following the completion of the transaction, the vice president owned 13,193 shares in the company, valued at $3,694,040. This trade represents a 5.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 31,359 shares of company stock valued at $8,809,422. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Cantor Fitzgerald increased their price objective on Automatic Data Processing from $295.00 to $310.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Stifel Nicolaus increased their price target on shares of Automatic Data Processing from $285.00 to $305.00 and gave the company a “hold” rating in a research report on Thursday. Weiss Ratings raised Automatic Data Processing from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, September 22nd. Guggenheim restated a “buy” rating and issued a $340.00 price objective on shares of Automatic Data Processing in a research report on Thursday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $290.00 target price on shares of Automatic Data Processing in a research report on Thursday. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $283.27.

Automatic Data Processing Profile

Automatic Data Processing, Inc (NASDAQ: ADP) is a global provider of human capital management and business outsourcing solutions. The company helps employers manage payroll, human resources, workforce administration, benefits, tax compliance, time and attendance, talent management, and related employment processes.

ADP offers cloud-based platforms and services designed for businesses of various sizes, from small enterprises to large organizations. Its portfolio includes payroll processing, human resources management, employee benefits administration, retirement services, workforce management, data analytics, and professional employer organization services through ADP TotalSource.

Founded in 1949, ADP serves businesses in the United States and international markets.