New York State Common Retirement Fund Sells 17,200 Shares of Automatic Data Processing, Inc. $ADP

New York State Common Retirement Fund lowered its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 498,011 shares of the business services provider’s stock after selling 17,200 shares during the quarter. New York State Common Retirement Fund owned approximately 0.12% of Automatic Data Processing worth $146,166,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ADP. Brighton Jones LLC lifted its position in shares of Automatic Data Processing by 92.1% in the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock valued at $2,935,000 after buying an additional 4,808 shares during the last quarter. Bison Wealth LLC increased its holdings in shares of Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock worth $1,073,000 after acquiring an additional 681 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Automatic Data Processing by 3.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 190,796 shares of the business services provider’s stock valued at $58,842,000 after acquiring an additional 5,715 shares during the period. Park Place Capital Corp lifted its holdings in Automatic Data Processing by 26.0% during the 2nd quarter. Park Place Capital Corp now owns 426 shares of the business services provider’s stock valued at $132,000 after purchasing an additional 88 shares during the last quarter. Finally, Cooper Financial Group boosted its position in Automatic Data Processing by 16.2% during the second quarter. Cooper Financial Group now owns 1,412 shares of the business services provider’s stock worth $436,000 after purchasing an additional 197 shares during the period. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Automatic Data Processing Stock Performance

NASDAQ:ADP opened at $250.69 on Thursday. The company has a market cap of $101.39 billion, a price-to-earnings ratio of 24.75 and a beta of 0.86. Automatic Data Processing, Inc. has a fifty-two week low of $247.18 and a fifty-two week high of $329.93. 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 stock has a fifty day moving average price of $258.55 and a 200-day moving average price of $278.55.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.05. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The business had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.34 billion. During the same quarter in the previous year, the firm earned $2.35 earnings per share. Automatic Data Processing’s revenue for the quarter was up 6.2% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. As a group, equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing announced that its board has authorized a stock repurchase plan on Wednesday, January 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the business services provider to purchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Automatic Data Processing Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th will be given a $1.70 dividend. The ex-dividend date is Friday, March 13th. This represents a $6.80 annualized dividend and a dividend yield of 2.7%. Automatic Data Processing’s payout ratio is presently 67.13%.

Key Headlines Impacting Automatic Data Processing

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

• Positive Sentiment: Q2 beat and outlook lift: ADP posted Q2 EPS of $2.62 (above estimates) and revenue of $5.36B (+6.2% y/y), and updated FY‑2026 EPS guidance to a range that implies continued earnings growth—an immediate catalyst for investor optimism. PR Newswire: Q2 Results
• Positive Sentiment: Buyback and management tone: Management used the earnings call to highlight an upbeat outlook and the company’s sizable buyback program, which supports EPS and signals capital-return priority. This was emphasized in post‑earnings coverage. TipRanks: Earnings Call Highlights
• Positive Sentiment: Analyst initiation: Cantor Fitzgerald initiated coverage with an “overweight” rating and $306 price target (~22% above the prior close), adding buy-side attention and potential demand for the shares. AmericanBankingNews: Cantor Fitzgerald Initiates Coverage
• Positive Sentiment: AI product launch: ADP announced new ADP Assist AI agents aimed at reducing HR/payroll friction—this reinforces the company’s product-led growth story and could support long‑term revenue/retention. PR Newswire: ADP AI Agents
• Neutral Sentiment: Short‑interest data appears inconsistent: Recent short‑interest entries show zero shares / NaN changes, suggesting the reported figures are likely erroneous or not meaningful—no actionable signal from short data yet.
• Neutral Sentiment: Macro signal from client hiring: Some reports note weak client headcount trends (slower hiring), which pressures ADP’s per‑employee revenue but is partially offset by product mix and pricing. This is a mixed driver for near‑term revenue. MarketBeat: Buyback + Hiring Notes
• Negative Sentiment: Valuation and macro headwinds concern some analysts: Commentary argues ADP remains relatively expensive given potential payroll weakness and macro risk—this could cap multiple expansion even after the quarter’s beat. Seeking Alpha: Valuation Concerns

Wall Street Analyst Weigh In

Several research firms have commented on ADP. JPMorgan Chase & Co. decreased their price objective on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Wells Fargo & Company decreased their price target on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Cantor Fitzgerald started coverage on Automatic Data Processing in a report on Tuesday. They set an “overweight” rating and a $306.00 price objective for the company. Finally, Jefferies Financial Group reaffirmed 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. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $306.38.

Automatic Data Processing 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.