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

State of Alaska Department of Revenue decreased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADP. Imprint Wealth LLC bought a new stake in Automatic Data Processing during the 3rd quarter valued at about $25,000. TruNorth Capital Management LLC bought a new stake in Automatic Data Processing during the 3rd quarter valued at about $28,000. Cloud Capital Management LLC bought a new stake in Automatic Data Processing during the 3rd quarter valued at about $29,000. Board of the Pension Protection Fund bought a new stake in Automatic Data Processing during the 4th quarter valued at about $31,000. Finally, Y.D. More Investments Ltd bought a new stake in Automatic Data Processing during the 3rd quarter valued at about $32,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 3.5%

NASDAQ:ADP opened at $195.38 on Tuesday. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $329.93. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $78.67 billion, a P/E ratio of 18.79 and a beta of 0.85. The firm has a 50-day simple moving average of $212.01 and a 200-day simple moving average of $246.07.

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 the consensus estimate of $2.57 by $0.05. Automatic Data Processing had a net margin of 19.96% and a return on equity of 68.44%. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same quarter in the previous year, the business posted $2.35 EPS. The company’s quarterly revenue 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. Equities analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Friday, June 12th. Automatic Data Processing’s payout ratio is 65.38%.

Automatic Data Processing declared that its board has approved a stock repurchase program on Wednesday, January 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the business services provider to reacquire up to 5.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ADP shares. UBS Group decreased their price objective on shares of Automatic Data Processing from $220.00 to $210.00 and set a “neutral” rating for the company in a report on Monday. Wells Fargo & Company reduced their price target on shares of Automatic Data Processing from $262.00 to $214.00 and set an “underweight” rating for the company in a report on Friday, March 27th. Cantor Fitzgerald started coverage on shares of Automatic Data Processing in a report on Tuesday, January 27th. They issued an “overweight” rating and a $306.00 price target for the company. Citigroup reduced their price target on shares of Automatic Data Processing from $303.00 to $265.00 and set a “neutral” rating for the company in a report on Thursday, January 29th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Automatic Data Processing in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $278.62.

Insider Buying and Selling

In related news, VP David Foskett sold 266 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $237.00, for a total transaction of $63,042.00. Following the completion of the transaction, the vice president owned 10,954 shares in the company, valued at $2,596,098. The trade was a 2.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Christopher D’ambrosio sold 543 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the transaction, the vice president owned 8,912 shares of the company’s stock, valued at approximately $1,857,706.40. This trade represents a 5.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,809 shares of company stock worth $410,410 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

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.