Haverford Trust Co Buys New Position in Automatic Data Processing, Inc. $ADP

23 Aug 2026, 10:58 by Michael Walen · The Markets Daily

Haverford Trust Co bought a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) during the second quarter, HoldingsChannel.com reports. The fund bought 121,892 shares of the business services provider’s stock, valued at approximately $27,298,000.

Other hedge funds also recently modified their holdings of the company. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing in the third quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in Automatic Data Processing during the fourth quarter worth approximately $26,000. Bard Associates Inc. purchased a new stake in Automatic Data Processing in the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC raised its holdings in Automatic Data Processing by 2,740.0% in the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 137 shares during the last quarter. Finally, Prosperity Bancshares Inc acquired a new position in Automatic Data Processing in the 4th quarter valued at $33,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADP has been the topic of several recent analyst reports. Robert W. Baird reduced their target price on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Morgan Stanley increased their price objective on shares of Automatic Data Processing from $240.00 to $286.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Stifel Nicolaus raised their target price on shares of Automatic Data Processing from $260.00 to $285.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. Argus lowered their target price on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Finally, Jefferies Financial Group dropped their price target on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $273.50.

Get Our Latest Stock Report on ADP

Insider Buying and Selling

In related news, VP David Kwon sold 2,414 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $265.62, for a total value of $641,206.68. Following the completion of the sale, the vice president directly owned 9,660 shares of the company’s stock, valued at $2,565,889.20. The trade was a 19.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Up 0.6%

NASDAQ ADP opened at $280.81 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.82. The company’s fifty day simple moving average is $249.66 and its 200-day simple moving average is $226.31. The stock has a market cap of $111.55 billion, a P/E ratio of 25.67 and a beta of 0.81. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $308.89.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last announced its earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. Automatic Data Processing had a return on equity of 71.34% and a net margin of 20.11%.The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same period last year, the firm earned $2.26 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Equities research analysts predict that Automatic Data Processing, Inc. will post 12.26 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Friday, September 11th will be issued a dividend of $1.70 per share. This represents a $6.80 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, September 11th. Automatic Data Processing’s dividend payout ratio (DPR) is currently 62.16%.

About Automatic Data Processing

(Free Report)

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.