Automatic Data Processing, Inc. $ADP Shares Sold by Alliance Wealth Advisors LLC UT

Key Points

• Alliance Wealth Advisors LLC UT cut its stake in Automatic Data Processing by 33.1%, selling 4,962 shares and leaving 10,019 shares valued at about $2.58 million.
• ADP beat quarterly expectations with $3.37 EPS versus $3.30 expected and revenue of $5.94 billion (up 7% year‑over‑year), and set FY2026 guidance of 11.010–11.110 EPS (analysts expect ~11.07).
• The board authorized a $6.0 billion share repurchase (about 5.8% of stock) and declared a quarterly dividend of $1.70 ($6.80 annualized, ~3.2% yield).

Alliance Wealth Advisors LLC UT cut its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 33.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,019 shares of the business services provider's stock after selling 4,962 shares during the period. Alliance Wealth Advisors LLC UT's holdings in Automatic Data Processing were worth $2,577,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CGC Financial Services LLC increased its stake in Automatic Data Processing by 13.7% in the third 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. Coston McIsaac & Partners boosted its stake in Automatic Data Processing by 13.2% in the 3rd quarter. Coston McIsaac & Partners now owns 335 shares of the business services provider's stock worth $98,000 after buying an additional 39 shares during the last quarter. Northcape Wealth Management LLC grew its holdings in Automatic Data Processing by 0.6% in the 4th quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider's stock valued at $1,692,000 after buying an additional 39 shares during the period. Private Advisory Group LLC grew its holdings in Automatic Data Processing by 4.8% in the 3rd quarter. Private Advisory Group LLC now owns 867 shares of the business services provider's stock valued at $254,000 after buying an additional 40 shares during the period. Finally, Laird Norton Wetherby Wealth Management LLC increased its stake in shares of Automatic Data Processing by 0.3% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,179 shares of the business services provider's stock valued at $4,455,000 after acquiring an additional 41 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $211.32 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $329.93. The firm has a market capitalization of $85.09 billion, a P/E ratio of 19.71 and a beta of 0.83. The business's 50-day simple moving average is $206.67 and its 200-day simple moving average is $237.99.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last posted its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the company earned $3.06 EPS. The company's revenue was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities analysts predict that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing announced that its board has initiated a share repurchase plan on Wednesday, January 14th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the business services provider to buy up to 5.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board believes its shares are undervalued.

Automatic Data Processing Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a $1.70 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 3.2%. Automatic Data Processing's dividend payout ratio is presently 63.43%.

Insider Activity

In related news, VP Brian L. Michaud sold 1,000 shares of the company's stock in a transaction 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 completion of the sale, the vice president directly owned 15,310 shares of the company's stock, valued at approximately $3,585,295.80. This represents a 6.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP David Foskett sold 266 shares of the stock in a transaction on 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 sale, the vice president owned 10,954 shares of the company's stock, valued at approximately $2,596,098. This represents a 2.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,809 shares of company stock valued at $410,410. Company insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ADP. Citigroup decreased their target price on shares of Automatic Data Processing from $265.00 to $230.00 and set a "neutral" rating on the stock in a research report on Thursday, April 30th. Wells Fargo & Company dropped 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 research report on Friday, March 27th. UBS Group increased their price target on shares of Automatic Data Processing from $210.00 to $218.00 and gave the stock a "neutral" rating in a research note on Thursday, April 30th. Cantor Fitzgerald decreased their price target on shares of Automatic Data Processing from $306.00 to $244.00 and set an "overweight" rating on the stock in a report on Wednesday, April 29th. Finally, Jefferies Financial Group lowered their price objective on shares of Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Automatic Data Processing has a consensus rating of "Hold" and a consensus target price of $254.40.

About Automatic Data Processing

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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