Truist Financial Corp Has $67.06 Million Position in Automatic Data Processing, Inc. $ADP

Key Points

• Truist Financial cut its ADP stake by 11.3%, selling 33,299 shares and finishing the quarter with 260,704 shares worth about $67.06 million.
• ADP beat quarterly estimates, posting $3.37 EPS (vs. $3.30 expected) and $5.94 billion in revenue, and set FY2026 guidance of $11.010–$11.110 EPS.
• The company's board authorized a $6.0 billion share buyback and declared a $1.70 quarterly dividend (about a 3.2% yield), reinforcing shareholder returns.

Truist Financial Corp lowered its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 260,704 shares of the business services provider's stock after selling 33,299 shares during the quarter. Truist Financial Corp owned about 0.06% of Automatic Data Processing worth $67,061,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ADP. Brighton Jones LLC raised its holdings in shares of Automatic Data Processing by 92.1% in the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider's stock worth $2,935,000 after acquiring an additional 4,808 shares during the last quarter. Bison Wealth LLC raised its holdings in shares of Automatic Data Processing by 22.8% in the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider's stock worth $1,073,000 after acquiring an additional 681 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of Automatic Data Processing by 21.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 1,259 shares of the business services provider's stock worth $388,000 after acquiring an additional 225 shares during the last quarter. Osterweis Capital Management Inc. acquired a new stake in shares of Automatic Data Processing in the 2nd quarter worth about $108,000. Finally, Diversify Advisory Services LLC raised its holdings in shares of Automatic Data Processing by 17.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 5,477 shares of the business services provider's stock worth $1,641,000 after acquiring an additional 815 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company's stock.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $211.32 on Tuesday. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $329.93. The stock's 50 day moving average price is $206.67 and its 200-day moving average price is $237.99. The company has a market capitalization of $85.09 billion, a PE ratio of 19.71 and a beta of 0.83. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP - Get Free Report) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $5.85 billion. During the same quarter in the previous year, the business earned $3.06 EPS. The company'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. On average, equities analysts anticipate that Automatic Data Processing, Inc. will post 11.07 EPS for the current year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be given a dividend of $1.70 per share. 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 (DPR) is currently 63.43%.

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

Wall Street Analyst Weigh In

ADP has been the topic of several analyst reports. 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 report on Friday, March 27th. 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 report on Thursday, January 29th. Robert W. Baird cut their target price on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Jefferies Financial Group cut their target price on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Finally, BMO Capital Markets cut their target price on Automatic Data Processing from $281.00 to $234.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Automatic Data Processing has an average rating of "Hold" and an average target price of $254.40.

Insider Activity

In other news, VP Christopher D'ambrosio sold 543 shares of the firm's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the completion of the sale, the vice president directly owned 8,912 shares of the company's stock, valued at $1,857,706.40. This trade represents a 5.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP David Foskett sold 266 shares of the firm's 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 sale, the vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,809 shares of company stock valued at $410,410 in the last ninety days. 0.20% of the stock is currently owned by insiders.

Automatic Data Processing 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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