9,363 Shares in Automatic Data Processing, Inc. $ADP Acquired by Argo Wealth Advisory LLC

Key Points

• Argo Wealth Advisory LLC bought a new position of 9,363 shares in Automatic Data Processing (NASDAQ:ADP) in Q4, valued at about $2.41 million and making up ~1.4% of the firm's portfolio (its 25th-largest holding).
• ADP beat quarterly EPS estimates ($2.62 vs. $2.57) with revenue of $5.36 billion (+6.2% y/y) and set FY2026 guidance of $10.091–$11.011 EPS (analysts forecast ~9.93 EPS).
• The company’s board authorized a $6.0 billion share buyback (up to ~5.8% of shares) and declared a quarterly dividend of $1.70 ($6.80 annualized), implying a ~3.4% yield.

Argo Wealth Advisory LLC bought a new position in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,363 shares of the business services provider's stock, valued at approximately $2,409,000. Automatic Data Processing makes up approximately 1.4% of Argo Wealth Advisory LLC's investment portfolio, making the stock its 25th biggest position.

Other hedge funds have also added to or reduced their stakes in the company. Fairvoy Private Wealth LLC grew its stake in shares of Automatic Data Processing by 4.2% in the 3rd quarter. Fairvoy Private Wealth LLC now owns 863 shares of the business services provider's stock valued at $253,000 after buying an additional 35 shares during the period. Central Pacific Bank Trust Division boosted its stake in Automatic Data Processing by 4.3% during the 3rd quarter. Central Pacific Bank Trust Division now owns 889 shares of the business services provider's stock valued at $261,000 after purchasing an additional 37 shares during the last quarter. Baker Tilly Wealth Management LLC boosted its stake in Automatic Data Processing by 2.7% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 1,431 shares of the business services provider's stock valued at $420,000 after purchasing an additional 38 shares during the last quarter. BSW Wealth Partners boosted its stake in Automatic Data Processing by 1.1% during the 3rd quarter. BSW Wealth Partners now owns 3,746 shares of the business services provider's stock valued at $1,099,000 after purchasing an additional 39 shares during the last quarter. Finally, CGC Financial Services LLC boosted its stake in Automatic Data Processing by 13.7% during the 3rd quarter. CGC Financial Services LLC now owns 323 shares of the business services provider's stock valued at $95,000 after purchasing an additional 39 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ADP shares. Citigroup cut their price target on Automatic Data Processing from $303.00 to $265.00 and set a "neutral" rating for the company in a research note on Thursday, January 29th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Automatic Data Processing in a research note on Monday, December 29th. Wells Fargo & Company cut their target price on Automatic Data Processing from $262.00 to $214.00 and set an "underweight" rating on the stock in a research note on Friday, March 27th. UBS Group cut their target price on Automatic Data Processing from $220.00 to $210.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. cut their target price on Automatic Data Processing from $295.00 to $275.00 and set an "underweight" rating on the stock in a research note on Thursday, January 29th. One 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $278.62.

Automatic Data Processing Stock Up 1.8%

Shares of NASDAQ:ADP opened at $200.39 on Friday. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $329.93. The firm has a fifty day moving average of $209.78 and a 200 day moving average of $244.74. The firm has a market capitalization of $80.69 billion, a PE ratio of 19.27 and a beta of 0.85. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.03 and a current ratio of 1.03.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its earnings results on Wednesday, January 28th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, topping 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 company had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.34 billion. During the same period in the previous year, the business earned $2.35 earnings per share. The firm'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. As a group, research 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 announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be issued a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, June 12th. Automatic Data Processing's dividend payout ratio is currently 65.38%.

Automatic Data Processing announced that its Board of Directors has authorized a stock buyback plan 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 shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Insider Transactions at Automatic Data Processing

In related news, VP David Foskett sold 266 shares of the stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $237.00, for a total value of $63,042.00. Following the completion of the transaction, the vice president directly owned 10,954 shares of the company's stock, valued at $2,596,098. This represents a 2.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Brian L. Michaud sold 1,000 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $234.18, for a total transaction of $234,180.00. Following the completion of the transaction, the vice president directly owned 15,310 shares of the company's stock, valued at approximately $3,585,295.80. The trade was a 6.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,809 shares of company stock worth $410,410. Company insiders own 0.20% of the company's stock.

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.

Want to see what other hedge funds are holding ADP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.