Ritholtz Wealth Management Sells 2,663 Shares of Automatic Data Processing, Inc. $ADP

Ritholtz Wealth Management trimmed its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 10.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 22,861 shares of the business services provider’s stock after selling 2,663 shares during the period. Ritholtz Wealth Management’s holdings in Automatic Data Processing were worth $5,881,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ADP. Imprint Wealth LLC bought a new stake in Automatic Data Processing in the 3rd quarter worth about $25,000. TruNorth Capital Management LLC bought a new stake in Automatic Data Processing in the 3rd quarter worth about $28,000. Cloud Capital Management LLC bought a new stake in Automatic Data Processing in the 3rd quarter worth about $29,000. Board of the Pension Protection Fund bought a new stake in Automatic Data Processing in the 4th quarter worth about $31,000. Finally, Y.D. More Investments Ltd bought a new stake in Automatic Data Processing in the 3rd quarter worth about $32,000. 80.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Automatic Data Processing

In related news, VP David Kwon sold 806 shares of the company’s 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 sale, the vice president directly owned 11,187 shares in the company, valued at approximately $2,962,317.60. This represents a 6.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Brian L. Michaud sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $234.18, for a total transaction of $234,180.00. Following the sale, the vice president owned 15,310 shares in the company, valued at $3,585,295.80. The trade was a 6.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 3,158 shares of company stock valued at $766,263. 0.20% of the stock is owned by corporate insiders.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $188.79 on Friday. The stock has a market capitalization of $76.02 billion, a P/E ratio of 18.15 and a beta of 0.85. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The firm’s 50 day moving average is $213.06 and its 200 day moving average is $247.33. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $329.93.

Automatic Data Processing (NASDAQ:ADP) last announced 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. The company had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.34 billion. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. Automatic Data Processing’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.35 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. On average, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing announced that its board has initiated a stock buyback program 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 stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Automatic Data Processing Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is presently 65.38%.

Analyst Upgrades and Downgrades

ADP has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $230.00 price objective (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. Wells Fargo & Company reduced their target price on shares of Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating for the company in a research report on Friday, March 27th. Stifel Nicolaus reduced their target price on shares of Automatic Data Processing from $280.00 to $270.00 and set a “hold” rating for the company in a research report on Monday, February 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. Finally, Cantor Fitzgerald initiated coverage on shares of Automatic Data Processing in a research report on Tuesday, January 27th. They set an “overweight” rating and a $306.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and an average price target of $284.77.

Automatic Data Processing News Summary

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

• Positive Sentiment: ADP declared a quarterly dividend of $1.70 per share (ex‑dividend June 12, payable July 1), implying a ~3.5% yield — a cash-return anchor that can support investor demand amid price weakness.
• Neutral Sentiment: Short‑interest data published for April appears non‑informative (reported as 0 shares with an NaN change and a 0.0 days‑to‑cover), so it provides no clear signal about bearish positioning right now.
• Neutral Sentiment: General market/company pages and quote services (CNN, Yahoo Finance) are updating ADP coverage and price data but contain no single new catalyst beyond routine reporting. Automatic Data Processing, Inc. – CNN Markets
• Neutral Sentiment: Company quote and news aggregation on Yahoo Finance provides updated metrics and headlines for investors monitoring intraday moves. Automatic Data Processing, Inc. – Yahoo Finance
• Negative Sentiment: MarketWatch reports ADP has fallen to a new 52‑week low — a technical sign that heightens downside risk and may prompt momentum selling and cautious positioning by momentum/quant funds. Automatic Data Processing Inc. stock falls to new 52-week low
• Negative Sentiment: BMO Capital trimmed ADP’s price target to $234, citing both cyclical and structural pressures on ADP’s business — an analyst action that can weaken sentiment and reduce comfort for long positions, particularly given ADP’s elevated valuation relative to near‑term growth risks. BMO Capital trims ADP target to $234

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.