44 Wealth Management LLC Sells 7,524 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• 44 Wealth Management LLC reduced its stake in Automatic Data Processing by 74.5%, selling 7,524 shares in Q3 and leaving it with 2,580 shares valued at $757,000 per its latest 13F filing.
• ADP slightly beat quarterly EPS estimates ($2.62 vs. $2.57) and set FY2026 guidance of 10.091–11.011 EPS, while the board approved a $6.0 billion share buyback and declared a $1.70 quarterly dividend (3.3% yield).
• Company insiders have been net sellers, selling 3,515 shares worth $887,074 in the last 90 days (including January sales by two VPs), leaving insiders with about 0.20% ownership.

44 Wealth Management LLC decreased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 74.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,580 shares of the business services provider's stock after selling 7,524 shares during the period. 44 Wealth Management LLC's holdings in Automatic Data Processing were worth $757,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Imprint Wealth LLC acquired a new stake in Automatic Data Processing in the 3rd quarter valued at $25,000. Howard Hughes Medical Institute acquired a new position in Automatic Data Processing during the second quarter worth $27,000. TruNorth Capital Management LLC bought a new position in shares of Automatic Data Processing during the third quarter valued at $28,000. Cloud Capital Management LLC bought a new position in shares of Automatic Data Processing during the third quarter valued at $29,000. Finally, Y.D. More Investments Ltd acquired a new stake in shares of Automatic Data Processing in the 3rd quarter valued at $32,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Automatic Data Processing

In other Automatic Data Processing news, VP Christopher D'ambrosio sold 543 shares of Automatic Data Processing stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of $262.29, for a total value of $142,423.47. Following the sale, the vice president directly owned 9,998 shares in the company, valued at approximately $2,622,375.42. The trade was a 5.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP David Kwon sold 806 shares of the company's stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $264.80, for a total value of $213,428.80. Following the sale, the vice president owned 11,187 shares in the company, valued at $2,962,317.60. The trade was a 6.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 3,515 shares of company stock valued at $887,074. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ADP. Morgan Stanley decreased their price objective on shares of Automatic Data Processing from $311.00 to $274.00 and set an "equal weight" rating on the stock in a research note on Thursday, January 29th. Weiss Ratings reissued a "hold (c+)" rating on shares of Automatic Data Processing in a report on Monday, December 29th. Citigroup decreased their price target on 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. Jefferies Financial Group reaffirmed an "underperform" rating and set a $230.00 price target (down from $245.00) on shares of Automatic Data Processing in a report on Tuesday, December 16th. Finally, Cantor Fitzgerald initiated coverage on Automatic Data Processing in a research report on Tuesday, January 27th. They issued an "overweight" rating and a $306.00 price objective for the company. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Automatic Data Processing presently has an average rating of "Hold" and a consensus target price of $290.00.

Automatic Data Processing Stock Up 0.5%

NASDAQ:ADP opened at $208.52 on Friday. Automatic Data Processing, Inc. has a 12-month low of $203.26 and a 12-month high of $329.93. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $83.96 billion, a P/E ratio of 20.05 and a beta of 0.86. The stock's fifty day simple moving average is $234.58 and its 200-day simple moving average is $259.94.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last issued its quarterly earnings data on Wednesday, January 28th. The business services provider reported $2.62 earnings per share (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 firm had revenue of $5.36 billion during the quarter, compared to analysts' expectations of $5.34 billion. During the same quarter in the previous year, the company 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. Equities research analysts expect that Automatic Data Processing, Inc. will post 9.93 earnings per share for the current year.

Automatic Data Processing declared that its Board of Directors has approved a stock 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 repurchase up to 5.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Automatic Data Processing Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a $1.70 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $6.80 annualized dividend and a dividend yield of 3.3%. Automatic Data Processing's dividend payout ratio (DPR) is currently 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.

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