Automatic Data Processing, Inc. $ADP Shares Purchased by Ethic Inc.

Posted by Stanley Muller on Nov 8th, 2026

Ethic Inc. grew its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,126 shares of the business services provider’s stock after buying an additional 3,432 shares during the period. Ethic Inc.’s holdings in Automatic Data Processing were worth $23,516,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADP. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Automatic Data Processing in the 2nd quarter valued at $13,283,000. Royal Capital Wealth Management LLC bought a new position in shares of Automatic Data Processing in the 2nd quarter valued at $1,226,000. Canada Pension Plan Investment Board acquired a new position in shares of Automatic Data Processing during the 2nd quarter worth $152,706,000. Murphy Pohlad Asset Management LLC acquired a new position in shares of Automatic Data Processing during the 2nd quarter worth $1,044,000. Finally, Fulton Bank N.A. raised its holdings in shares of Automatic Data Processing by 192.0% during the 2nd quarter. Fulton Bank N.A. now owns 7,165 shares of the business services provider’s stock worth $1,605,000 after buying an additional 4,711 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Michael Bonarti sold 7,487 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $300.00, for a total value of $2,246,100.00. Following the completion of the transaction, the vice president directly owned 81,849 shares in the company, valued at approximately $24,554,700. This trade represents a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Maria Black sold 29,810 shares of Automatic Data Processing stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $280.91, for a total value of $8,373,927.10. Following the sale, the chief executive officer directly owned 80,624 shares in the company, valued at $22,648,087.84. The trade was a 26.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 50,207 shares of company stock valued at $14,522,300. 0.15% of the stock is currently owned by corporate insiders.

Automatic Data Processing Stock Down 1.2%

Shares of NASDAQ:ADP opened at $303.35 on Friday. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $310.98. The company has a market capitalization of $119.75 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 2.72 and a beta of 0.77. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.05 and a current ratio of 1.03. The company has a fifty day moving average of $279.18 and a 200-day moving average of $241.91.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last released its quarterly earnings data on Wednesday, October 28th. The business services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.77 by $0.05. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.48 billion. Automatic Data Processing had a return on equity of 77.01% and a net margin of 20.33%. Automatic Data Processing’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $2.49 EPS. On average, equities analysts predict that Automatic Data Processing, Inc. will post 12.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on ADP. Cantor Fitzgerald lifted their target price on Automatic Data Processing from $310.00 to $336.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $290.00 target price on shares of Automatic Data Processing in a report on Thursday, October 29th. Wells Fargo & Company raised their price target on shares of Automatic Data Processing from $248.00 to $283.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Citigroup lifted their price target on shares of Automatic Data Processing from $287.00 to $295.00 and gave the company a “neutral” rating in a report on Thursday, October 29th. Finally, Guggenheim reaffirmed a “buy” rating and set a $340.00 price target on shares of Automatic Data Processing in a report on Thursday, October 29th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Automatic Data Processing has an average rating of “Hold” and an average price target of $285.00.

Get Our Latest Stock Report on ADP

Key Automatic Data Processing News

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

Positive Sentiment: ADP’s October employment report showed private employers added 86,000 jobs, above expectations of 69,000. Continued hiring could support demand for ADP’s payroll and human-resources services. October private-sector hiring report
Neutral Sentiment: Three ADP vice presidents—Michael Bonarti, Virginia Magliulo and Jonathan Lehberger—reported share sales. Each transaction was made under a pre-arranged Rule 10b5-1 plan, so the sales are not necessarily a signal about their outlook for the company. SEC filing for Bonarti sale SEC filing for Magliulo sale SEC filing for Lehberger sale
Negative Sentiment: Recent valuation commentary argues ADP may be priced above estimated fair value, including one analysis identifying a potential 13% gap. Such concerns could temper demand for the shares, particularly after a strong run-up. ADP fair-value analysis ADP cash-flow valuation analysis

Automatic Data Processing Profile

(Free Report)

Automatic Data Processing, Inc (ADP) provides payroll processing and human resources technology and services to businesses of varying sizes. Its offerings include payroll administration, tax filing, benefits administration, workforce management, talent management, and human capital management software.

ADP also provides services such as compliance support and professional employer organization solutions, which help businesses manage employment responsibilities. Its products combine software with payroll and HR services to support organizations’ workforce operations.

Founded in 1949 as Automatic Payrolls, Inc, the company has grown from a payroll-processing business into a global provider of HR and workforce solutions.