Automatic Data Processing, Inc. $ADP Shares Purchased by Procyon Advisors LLC

Procyon Advisors LLC lifted its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 14.2% in the third quarter, HoldingsChannel reports. The firm owned 26,282 shares of the business services provider’s stock after buying an additional 3,260 shares during the period. Procyon Advisors LLC’s holdings in Automatic Data Processing were worth $7,714,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Harbor Asset Planning Inc. acquired a new stake in shares of Automatic Data Processing during the 2nd quarter worth approximately $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in Automatic Data Processing in the second quarter valued at approximately $26,000. Howard Hughes Medical Institute purchased a new position in Automatic Data Processing in the second quarter worth approximately $27,000. Solstein Capital LLC acquired a new stake in Automatic Data Processing during the second quarter worth $28,000. Finally, Westside Investment Management Inc. increased its stake in Automatic Data Processing by 80.0% during the second quarter. Westside Investment Management Inc. now owns 90 shares of the business services provider’s stock worth $28,000 after acquiring an additional 40 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Automatic Data Processing

In related news, VP David Kwon sold 806 shares of Automatic Data Processing stock in a transaction on Monday, January 12th. The stock was sold at an average price of $264.80, for a total value of $213,428.80. Following the completion of the transaction, the vice president directly owned 11,187 shares in the company, valued at approximately $2,962,317.60. This trade represents a 6.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $262.29, for a total value of $142,423.47. Following the transaction, the vice president directly owned 9,998 shares of the company’s stock, valued at $2,622,375.42. The trade was a 5.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,249 shares of company stock worth $589,852. Insiders own 0.20% of the company’s stock.

More Automatic Data Processing News

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

• Positive Sentiment: Board approved a $6.0 billion stock buyback (about 5.8% of outstanding shares). Buybacks reduce share count, can lift EPS and signal management believes shares are undervalued — a common catalyst for positive investor reaction. Read More.
• Positive Sentiment: Board declared the regular quarterly dividend of $1.70/share (payable April 1, record March 13) — steady yield (about 2.6%) and a 67% payout ratio reinforce cash-flow stability and attract income-focused investors. Read More.
• Neutral Sentiment: ADP’s National Employment Report (NER Pulse) shows continued private payroll gains (~11,750 jobs/week for four weeks ending Dec 20, 2025), supporting demand for ADP’s payroll/HCM data and services, but not an immediate earnings surprise. Read More.
• Neutral Sentiment: Analyst coverage and target adjustments are shifting the narrative; mixed revisions (some cuts, some holds) mean analyst action could amplify moves, but the net impact will depend on follow-up changes. Read More.
• Negative Sentiment: Insider sale: VP David Kwon sold 806 shares (~$213k) on Jan 12, a ~6.7% reduction in his holding — routine but may be viewed slightly negatively by some investors. Read More.
• Negative Sentiment: Insider sale: VP Christopher D’ambrosio sold 543 shares (~$142k) on Jan 13, a ~5.1% cut in his stake — another modest insider sale investors may note, though small relative to total float. Read More.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ADP. Citigroup began coverage on Automatic Data Processing in a research note on Thursday, October 23rd. They issued a “neutral” rating and a $303.00 price target on the stock. UBS Group dropped their price target on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating for the company in a research report on Wednesday, September 17th. JPMorgan Chase & Co. reduced their price target on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a $230.00 target price (down previously 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 assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $306.42.

Automatic Data Processing Trading Up 0.6%

NASDAQ ADP opened at $258.50 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $104.55 billion, a price-to-earnings ratio of 25.52 and a beta of 0.86. The firm has a 50 day simple moving average of $257.64 and a 200-day simple moving average of $282.05. Automatic Data Processing, Inc. has a one year low of $247.18 and a one year high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, October 29th. The business services provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.05. The firm had revenue of $5.18 billion for the quarter, compared to the consensus estimate of $5.14 billion. Automatic Data Processing had a net margin of 19.79% and a return on equity of 70.63%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.33 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

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

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a dividend of $1.70 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 2.6%. Automatic Data Processing’s dividend payout ratio is currently 67.13%.

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.