Huntington National Bank Cuts Position in Automatic Data Processing, Inc. $ADP

Key Points

• Huntington National Bank reduced its ADP stake by 5.2% in the fourth quarter, selling 11,889 shares and ending with 215,524 shares valued at about $55.4 million.
• Wall Street sentiment is mixed: several analysts cut price targets, and ADP now carries a consensus rating of “Hold” with a consensus target price of $249.00.
• ADP reported solid quarterly results and raised its dividend appeal, beating earnings and revenue expectations, issuing FY2026 EPS guidance of $11.01-$11.11, and announcing a quarterly dividend of $1.70 per share.

Huntington National Bank lessened its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 215,524 shares of the business services provider's stock after selling 11,889 shares during the quarter. Huntington National Bank owned about 0.05% of Automatic Data Processing worth $55,439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADP. Brighton Jones LLC grew its holdings in Automatic Data Processing by 92.1% in the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider's stock worth $2,935,000 after purchasing an additional 4,808 shares during the period. Bison Wealth LLC grew its holdings in Automatic Data Processing by 22.8% in the fourth quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider's stock worth $1,073,000 after purchasing an additional 681 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of Automatic Data Processing by 21.8% in the second quarter. Schnieders Capital Management LLC. now owns 1,259 shares of the business services provider's stock worth $388,000 after buying an additional 225 shares in the last quarter. Osterweis Capital Management Inc. bought a new position in shares of Automatic Data Processing in the second quarter worth approximately $108,000. Finally, Diversify Advisory Services LLC lifted its stake in shares of Automatic Data Processing by 17.5% in the second quarter. Diversify Advisory Services LLC now owns 5,477 shares of the business services provider's stock worth $1,641,000 after buying an additional 815 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Argus dropped their target price on shares of Automatic Data Processing from $300.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, May 5th. JPMorgan Chase & Co. dropped their target price on shares of 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. UBS Group upped their target price 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. BMO Capital Markets dropped their target price on shares of Automatic Data Processing from $281.00 to $234.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 7th. Finally, Stifel Nicolaus dropped their target price on shares of Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Automatic Data Processing presently has a consensus rating of "Hold" and a consensus target price of $249.00.

Insiders Place Their Bets

In related news, VP Christopher D'ambrosio sold 543 shares of the stock in a transaction that occurred 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 transaction, the vice president owned 8,912 shares in the company, valued at $1,857,706.40. This represents a 5.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is currently owned by company insiders.

Automatic Data Processing Trading Down 0.3%

Shares of NASDAQ ADP opened at $217.65 on Thursday. The firm's 50 day moving average price is $207.15 and its 200-day moving average price is $231.24. The company has a market cap of $87.00 billion, a PE ratio of 20.30 and a beta of 0.83. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $329.93. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04.

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

Automatic Data Processing Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be given a dividend of $1.70 per share. The ex-dividend date is Friday, June 12th. This represents a $6.80 dividend on an annualized basis and a yield of 3.1%. Automatic Data Processing's dividend payout ratio is 63.43%.

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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