Vise Technologies Inc. Acquires 4,674 Shares of Automatic Data Processing, Inc. $ADP

Vise Technologies Inc. raised its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 47.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,616 shares of the business services provider’s stock after buying an additional 4,674 shares during the period. Vise Technologies Inc.’s holdings in Automatic Data Processing were worth $3,760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Coston McIsaac & Partners raised its position in shares of Automatic Data Processing by 13.2% in the third quarter. Coston McIsaac & Partners now owns 335 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 39 shares during the period. Northcape Wealth Management LLC lifted its position in Automatic Data Processing by 0.6% during the fourth quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock valued at $1,692,000 after purchasing an additional 39 shares during the last quarter. Private Advisory Group LLC lifted its position in Automatic Data Processing by 4.8% during the third quarter. Private Advisory Group LLC now owns 867 shares of the business services provider’s stock valued at $254,000 after purchasing an additional 40 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of Automatic Data Processing by 0.3% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,179 shares of the business services provider’s stock worth $4,455,000 after acquiring an additional 41 shares during the last quarter. Finally, Rathbones Group PLC lifted its holdings in shares of Automatic Data Processing by 1.1% in the 4th quarter. Rathbones Group PLC now owns 4,027 shares of the business services provider’s stock worth $1,036,000 after acquiring an additional 42 shares during the last quarter. 80.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Argus lowered their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Morgan Stanley lowered their price target on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. Jefferies Financial Group lowered their price target on shares of Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. Finally, Cantor Fitzgerald lowered their price target on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $244.29.

Insider Transactions at Automatic Data Processing

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

Automatic Data Processing Stock Up 0.3%

Shares of Automatic Data Processing stock opened at $231.95 on Friday. The company’s fifty day simple moving average is $210.02 and its two-hundred day simple moving average is $230.12. The company has a market cap of $92.72 billion, a P/E ratio of 21.64 and a beta of 0.84. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. 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, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. Automatic Data Processing’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Research analysts anticipate that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Dividend Announcement

The company 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 $1.70 dividend. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 2.9%. Automatic Data Processing’s payout ratio is presently 63.43%.

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.