Benjamin Edwards Inc. Sells 7,229 Shares of Automatic Data Processing, Inc. $ADP

Key Points

• Benjamin Edwards Inc. trimmed its stake in Automatic Data Processing (ADP) by 3.0%, selling 7,229 shares and leaving it with 229,997 shares (about 0.06% of ADP), valued at roughly $59.18 million and representing 0.7% of its portfolio (its 28th largest position).
• ADP beat Q3 estimates and raised guidance, lifting FY‑2026 adjusted EPS growth to 10–11% and revenue growth to 6–7%, and the company authorized a $6 billion stock buyback.
• Analyst reactions are mixed but subdued: the consensus rating is a Hold with a $254.40 target after several firms revised price targets up and down following the quarter.

Benjamin Edwards Inc. reduced its stake in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 229,997 shares of the business services provider's stock after selling 7,229 shares during the quarter. Automatic Data Processing makes up approximately 0.7% of Benjamin Edwards Inc.'s investment portfolio, making the stock its 28th biggest position. Benjamin Edwards Inc. owned approximately 0.06% of Automatic Data Processing worth $59,182,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Imprint Wealth LLC purchased a new position in Automatic Data Processing during the third quarter valued at approximately $25,000. TruNorth Capital Management LLC bought a new position in shares of Automatic Data Processing in the third quarter worth about $28,000. Cloud Capital Management LLC bought a new position in shares of Automatic Data Processing in the third quarter worth about $29,000. Y.D. More Investments Ltd bought a new position in shares of Automatic Data Processing in the third quarter worth about $32,000. Finally, Board of the Pension Protection Fund bought a new position in shares of Automatic Data Processing in the fourth quarter worth about $31,000. 80.03% of the stock is owned by institutional investors.

Insider Transactions at Automatic Data Processing

In related news, VP Brian L. Michaud sold 1,000 shares of Automatic Data Processing stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $234.18, for a total value of $234,180.00. Following the completion of the transaction, the vice president owned 15,310 shares in the company, valued at approximately $3,585,295.80. This trade represents a 6.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Christopher D'ambrosio sold 543 shares of Automatic Data Processing stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $208.45, for a total value of $113,188.35. Following the completion of the transaction, the vice president owned 8,912 shares of the company's stock, valued at approximately $1,857,706.40. This represents a 5.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,809 shares of company stock valued at $410,410. 0.20% of the stock is currently owned by insiders.

Key Automatic Data Processing News

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

• Positive Sentiment: ADP beat Q3 estimates and raised guidance — the company reported EPS above expectations and lifted its FY‑2026 adjusted EPS growth to 10%–11% while raising revenue growth to 6%–7%, supporting stronger near‑term fundamentals and subscription demand. ADP forecasts FY 2026 adjusted EPS growth
• Positive Sentiment: UBS raised its price target to $218 (neutral rating) — a modest upgrade that signals some analysts see limited near‑term downside after the beat and guidance lift. ADP Price Target Raised to $218 at UBS Group
• Positive Sentiment: TD Cowen issued a positive forecast — another analyst backing a constructive view on ADP’s outlook, which can support buying interest after the earnings/guidance update. TD Cowen Issues Positive Forecast
• Positive Sentiment: Mizuho cut its target but left a high $305 target (still large upside) — shows some firms trimmed overly ambitious targets while maintaining a bullish long‑run view. Mizuho adjusts ADP PT to $305
• Neutral Sentiment: Citigroup cut its target to $230 and kept a neutral rating — less bullish than before but still implies upside; this reflects mixed analyst sentiment after the quarter. ADP Given New $230.00 Price Target at Citigroup
• Neutral Sentiment: Stifel lowered its PT to $240 (still above the current price) — a downgrade in target level but not a sell signal; suggests tempered upside expectations. Stifel Nicolaus adjusts ADP PT to $240
• Neutral Sentiment: Robert W. Baird trimmed its target to $270 — still a material upside, but the cut contributes to mixed analyst signals. Baird adjusts ADP PT to $270
• Neutral Sentiment: Cantor Fitzgerald cut its PT to $244 but kept an overweight rating — indicates confidence in longer‑term upside despite trimming near‑term valuation. Cantor Fitzgerald adjusts ADP PT to $244
• Negative Sentiment: Jefferies cut its price target sharply to $190 — the only firm in this batch with a below‑current‑price target, which could weigh on risk‑sentiment or prompt cautious positioning. Jefferies adjusts ADP PT to $190

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ADP shares. UBS Group upped their price objective on Automatic Data Processing from $210.00 to $218.00 and gave the stock a "neutral" rating in a research note on Thursday. Wells Fargo & Company dropped their price objective on Automatic Data Processing from $262.00 to $214.00 and set an "underweight" rating for the company in a research note on Friday, March 27th. TD Cowen upped their price objective on Automatic Data Processing from $208.00 to $216.00 and gave the stock a "hold" rating in a research note on Thursday. Stifel Nicolaus dropped their price objective on Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday. Finally, Guggenheim started coverage on Automatic Data Processing in a research note on Thursday, March 19th. They issued a "buy" rating and a $270.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $254.40.

Automatic Data Processing Trading Up 1.1%

Shares of ADP stock opened at $214.21 on Friday. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $329.93. The company has a current ratio of 1.04, a quick ratio of 1.03 and a debt-to-equity ratio of 0.63. The stock's 50-day moving average price is $206.67 and its 200-day moving average price is $238.64. The stock has a market capitalization of $86.25 billion, a price-to-earnings ratio of 19.98 and a beta of 0.83.

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

Automatic Data Processing declared that its Board of Directors has initiated a stock buyback plan on Wednesday, January 14th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the business services provider to reacquire up to 5.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Automatic Data Processing Dividend Announcement

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 $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, June 12th. Automatic Data Processing's payout ratio is 65.38%.

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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