Automatic Data Processing, Inc. $ADP Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 168,378 shares of the business services provider’s stock after selling 4,558 shares during the quarter. Automatic Data Processing accounts for about 1.4% of KCM Investment Advisors LLC’s portfolio, making the stock its 20th largest holding. KCM Investment Advisors LLC’s holdings in Automatic Data Processing were worth $43,312,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Hilltop Holdings Inc. bought a new stake in Automatic Data Processing during the third quarter worth approximately $5,292,000. Jefferies Financial Group Inc. bought a new stake in Automatic Data Processing during the third quarter worth approximately $2,794,000. Horizon Investments LLC boosted its holdings in Automatic Data Processing by 34.1% during the fourth quarter. Horizon Investments LLC now owns 26,144 shares of the business services provider’s stock worth $6,725,000 after buying an additional 6,655 shares in the last quarter. Elevation Point Wealth Partners LLC boosted its holdings in Automatic Data Processing by 181.5% during the third quarter. Elevation Point Wealth Partners LLC now owns 16,789 shares of the business services provider’s stock worth $4,950,000 after buying an additional 10,824 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. boosted its holdings in Automatic Data Processing by 64.0% during the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 14,757 shares of the business services provider’s stock worth $3,796,000 after buying an additional 5,757 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ADP. Robert W. Baird decreased their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. TD Cowen raised shares of Automatic Data Processing to a “hold” rating in a research note on Monday, May 18th. Argus decreased their price objective on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Guggenheim began coverage on shares of Automatic Data Processing in a research note on Thursday, March 19th. They issued a “buy” rating and a $270.00 price objective for the company. Finally, Cantor Fitzgerald decreased their price objective on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $244.29.

Automatic Data Processing Trading Up 0.2%

Shares of NASDAQ:ADP opened at $226.21 on Friday. The firm has a fifty day moving average of $212.58 and a two-hundred day moving average of $229.36. The firm has a market capitalization of $90.42 billion, a P/E ratio of 21.10 and a beta of 0.84. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $315.98. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The company had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities analysts expect that Automatic Data Processing, Inc. will post 11.07 EPS for the current fiscal year.

Automatic Data Processing Dividend Announcement

The business also recently announced 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. 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 (DPR) is 63.43%.

Insider Activity

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

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.