10,707 Shares in Automatic Data Processing, Inc. $ADP Purchased by Third View Private Wealth LLC

Key Points

• Third View Private Wealth LLC opened a new position in Automatic Data Processing, buying 10,707 shares in Q4 valued at about $2.75 million, while institutional investors own roughly 80.03% of ADP.
• ADP slightly beat quarterly expectations with $2.62 EPS (vs. $2.57) and $5.36 billion in revenue (up 6.2% YoY), and issued FY2026 guidance of $10.091–$11.011 in EPS.
• The board authorized a $6.0 billion share buyback (about 5.8% of shares) and declared a quarterly dividend of $1.70 per share (annualized $6.80, ~3.5% yield).

Third View Private Wealth LLC acquired a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,707 shares of the business services provider's stock, valued at approximately $2,754,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADP. Exchange Traded Concepts LLC grew its position in Automatic Data Processing by 141.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 13,283 shares of the business services provider's stock worth $3,899,000 after purchasing an additional 7,782 shares during the last quarter. Mitchell Capital Management Co. grew its position in Automatic Data Processing by 325.0% in the 3rd quarter. Mitchell Capital Management Co. now owns 6,800 shares of the business services provider's stock worth $1,996,000 after purchasing an additional 5,200 shares during the last quarter. Atlantic Union Bankshares Corp grew its position in Automatic Data Processing by 136.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 47,974 shares of the business services provider's stock worth $14,080,000 after purchasing an additional 27,644 shares during the last quarter. CIBC Asset Management Inc grew its position in Automatic Data Processing by 2.6% in the 3rd quarter. CIBC Asset Management Inc now owns 183,561 shares of the business services provider's stock worth $53,875,000 after purchasing an additional 4,720 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its position in Automatic Data Processing by 18.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 138,215 shares of the business services provider's stock worth $40,566,000 after purchasing an additional 21,444 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Jefferies Financial Group restated an "underperform" rating and issued a $230.00 target price (down from $245.00) on shares of Automatic Data Processing in a research report on Tuesday, December 16th. JPMorgan Chase & Co. decreased their target price on shares of Automatic Data Processing from $295.00 to $275.00 and set an "underweight" rating for the company in a research report on Thursday, January 29th. Cantor Fitzgerald assumed coverage on shares of Automatic Data Processing in a research report on Tuesday, January 27th. They issued an "overweight" rating and a $306.00 target price for the company. Guggenheim assumed coverage on shares of Automatic Data Processing in a research report on Thursday, March 19th. They issued a "buy" rating and a $270.00 target price for the company. Finally, Morgan Stanley decreased their target price on shares of Automatic Data Processing from $311.00 to $274.00 and set an "equal weight" rating for the company in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Automatic Data Processing currently has an average rating of "Hold" and a consensus target price of $278.62.

Insider Activity at Automatic Data Processing

In related news, VP Christopher D'ambrosio sold 543 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were 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 in the company, valued at $1,857,706.40. This trade represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Brian L. Michaud sold 1,000 shares of the firm'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 transaction, the vice president owned 15,310 shares in the company, valued at $3,585,295.80. This represents a 6.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,809 shares of company stock worth $410,410 over the last quarter. 0.20% of the stock is currently owned by company insiders.

Automatic Data Processing Price Performance

NASDAQ ADP opened at $195.38 on Tuesday. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $329.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $78.67 billion, a PE ratio of 18.79 and a beta of 0.85. The company's 50 day simple moving average is $212.01 and its 200 day simple moving average is $246.07.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $5.34 billion. During the same quarter last year, the business earned $2.35 earnings per share. The business's revenue for the quarter was up 6.2% on a year-over-year basis. 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 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, June 12th. Automatic Data Processing's dividend payout ratio (DPR) is currently 65.38%.

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

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.

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