Horizon Investments LLC Has $6.73 Million Position in Automatic Data Processing, Inc. $ADP

Horizon Investments LLC grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 34.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,144 shares of the business services provider's stock after acquiring an additional 6,655 shares during the period. Horizon Investments LLC's holdings in Automatic Data Processing were worth $6,725,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Danske Bank A S increased its position in Automatic Data Processing by 15.5% in the 4th quarter. Danske Bank A S now owns 293,453 shares of the business services provider's stock worth $75,485,000 after purchasing an additional 39,387 shares during the last quarter. Mutual Advisors LLC lifted its holdings in shares of Automatic Data Processing by 6.5% during the 4th quarter. Mutual Advisors LLC now owns 9,918 shares of the business services provider's stock valued at $2,551,000 after buying an additional 608 shares during the last quarter. Sigma Planning Corp lifted its holdings in shares of Automatic Data Processing by 1.8% during the 4th quarter. Sigma Planning Corp now owns 4,717 shares of the business services provider's stock valued at $1,213,000 after buying an additional 83 shares during the last quarter. North Star Investment Management Corp. grew its stake in shares of Automatic Data Processing by 2.7% in the 4th quarter. North Star Investment Management Corp. now owns 2,041 shares of the business services provider's stock valued at $525,000 after buying an additional 54 shares in the last quarter. Finally, Activest Wealth Management increased its holdings in Automatic Data Processing by 275.6% in the fourth quarter. Activest Wealth Management now owns 169 shares of the business services provider's stock worth $43,000 after buying an additional 124 shares during the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on ADP. Wells Fargo & Company cut their price objective on shares of Automatic Data Processing from $262.00 to $214.00 and set an "underweight" rating on the stock in a research report on Friday, March 27th. Cantor Fitzgerald dropped 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 research note on Wednesday. UBS Group raised their price target on shares of Automatic Data Processing from $210.00 to $218.00 and gave the company a "neutral" rating in a report on Thursday. Jefferies Financial Group reduced their price objective on shares of Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday. Finally, Mizuho decreased their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Automatic Data Processing currently has an average rating of "Hold" and an average target price of $254.40.

Insiders Place Their Bets

In other Automatic Data Processing news, VP Christopher D'ambrosio sold 543 shares of the business's stock in a transaction 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 completion of the transaction, the vice president owned 8,912 shares of the company's stock, valued at $1,857,706.40. The trade was a 5.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Brian L. Michaud sold 1,000 shares of the company's stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $234.18, for a total transaction of $234,180.00. Following the sale, the vice president owned 15,310 shares of the company's stock, valued at $3,585,295.80. This trade represents a 6.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,809 shares of company stock valued at $410,410 in the last quarter. Insiders own 0.20% of the company's stock.

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

Automatic Data Processing Stock Up 1.1%

Shares of Automatic Data Processing 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 quick ratio of 1.03, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average price of $206.67 and a two-hundred day moving average price of $238.32. The stock has a market capitalization of $86.25 billion, a P/E ratio of 19.98 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating 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 company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the firm posted $3.06 earnings per share. The company's quarterly 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 analysts expect that Automatic Data Processing, Inc. will post 11.07 earnings per share for the current year.

Automatic Data Processing Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a $1.70 dividend. This represents a $6.80 annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, June 12th. Automatic Data Processing's dividend payout ratio (DPR) is 63.43%.

Automatic Data Processing declared that its Board of Directors has initiated a share buyback program on Wednesday, January 14th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to buy up to 5.8% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its stock is undervalued.

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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