State of Alaska Department of Revenue Sells 3,345 Shares of Automatic Data Processing, Inc. $ADP

State of Alaska Department of Revenue lessened its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,128 shares of the business services provider’s stock after selling 3,345 shares during the quarter. State of Alaska Department of Revenue’s holdings in Automatic Data Processing were worth $10,322,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fairvoy Private Wealth LLC grew its position in Automatic Data Processing by 4.2% during the 3rd quarter. Fairvoy Private Wealth LLC now owns 863 shares of the business services provider’s stock worth $253,000 after purchasing an additional 35 shares during the last quarter. Central Pacific Bank Trust Division grew its position in Automatic Data Processing by 4.3% during the 3rd quarter. Central Pacific Bank Trust Division now owns 889 shares of the business services provider’s stock worth $261,000 after purchasing an additional 37 shares during the last quarter. Baker Tilly Wealth Management LLC grew its position in Automatic Data Processing by 2.7% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 1,431 shares of the business services provider’s stock worth $420,000 after purchasing an additional 38 shares during the last quarter. BSW Wealth Partners grew its position in Automatic Data Processing by 1.1% during the 3rd quarter. BSW Wealth Partners now owns 3,746 shares of the business services provider’s stock worth $1,099,000 after purchasing an additional 39 shares during the last quarter. Finally, CGC Financial Services LLC grew its position in Automatic Data Processing by 13.7% during the 3rd quarter. CGC Financial Services LLC now owns 323 shares of the business services provider’s stock worth $95,000 after purchasing an additional 39 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Insider Activity

In other news, VP David Foskett sold 266 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $237.00, for a total value of $63,042.00. Following the sale, the vice president directly owned 10,954 shares of the company’s stock, valued at $2,596,098. This represents a 2.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brian L. Michaud sold 1,000 shares of the company’s stock in a transaction 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 completion of the sale, the vice president directly owned 15,310 shares in the company, valued at $3,585,295.80. This trade represents a 6.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,809 shares of company stock valued at $410,410 in the last ninety days. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

ADP has been the topic of several research analyst reports. UBS Group dropped their target price on shares of Automatic Data Processing from $220.00 to $210.00 and set a “neutral” rating on the stock in a research report on Monday. 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 on the stock. Citigroup dropped their target price on shares of Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating on the stock in a research report on Thursday, January 29th. Guggenheim initiated coverage on shares of Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 target price on the stock. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Automatic Data Processing in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Automatic Data Processing has a consensus rating of “Hold” and an average price target of $278.62.

Automatic Data Processing Stock Up 3.5%

ADP stock opened at $195.38 on Tuesday. The firm’s fifty day simple moving average is $212.01 and its 200-day simple moving average is $246.07. The company has a market capitalization of $78.67 billion, a P/E ratio of 18.79 and a beta of 0.85. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03. 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 released its quarterly earnings data on Wednesday, January 28th. The business services provider reported $2.62 EPS for the quarter, beating the consensus estimate of $2.57 by $0.05. The business had revenue of $5.36 billion for the quarter, compared to the consensus estimate of $5.34 billion. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.35 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. As a group, equities research analysts forecast that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing announced that its Board of Directors has initiated a share buyback program on Wednesday, January 14th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 5.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be issued a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing’s dividend payout ratio is 65.38%.

Automatic Data Processing Company 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.