Lido Advisors Reduces $3M in Automatic Data Processing, Inc. ($ADP)
Lido Advisors cut its stake in ADP by over 25%, reflecting a reduced position in the latest 13F filing.
Key Points
- Lido Advisors reduced its stake in ADP by 14,713 shares, now holding 42,928 shares valued at $9.62 million as of the latest 13F filing.
- ADP shares traded around $224.10, with a market cap of approximately $90.4 billion and a P/E ratio of 21.1.
- Insider and analyst activities include planned sales by executives and varied analyst ratings, with a consensus 'hold' recommendation.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Lido Advisors has reduced its position in Automatic Data Processing, Inc. (NasdaqGS: ADP) by 14,713 shares. This cut represents a 25.5% reduction, leaving the fund with 42,928 shares valued at approximately $9.62 million. The data comes from the latest Form 13F filing with the SEC, reflecting holdings as of the reporting period.
What Changed in Lido Advisors' ADP Position
Lido Advisors trimmed its stake in ADP from 57,641 shares to 42,928 shares, a decrease of 14,713 shares or 25.5%. The current holding is valued at about $9.62 million. This reduction indicates a strategic move by the fund in its investment portfolio.
Other Institutional Activity in ADP
Several other funds also adjusted their positions in ADP. BlackRock, Inc. reduced its holdings by 1,043,872 shares, now holding 35,499,016 shares worth approximately $7.21 billion. Vanguard Capital Management LLC added 26,150,698 shares, bringing its total to the same number, valued at $5.31 billion. State Street Corp increased its position by 385,962 shares, holding 19,326,803 shares worth about $3.96 billion. Meanwhile, Geode Capital Management added 416,634 shares, resulting in a total of 11,993,206 shares valued at $2.44 billion.
Automatic Data Processing, Inc. Stock Down 22.0%
Shares of ADP traded near $224.10. The company boasts a market cap of roughly $90.4 billion and a P/E ratio of 21.1. ADP's stock has seen a 52-week low of $188.16 and a high of $315.98. Its 50-day moving average is $212.00, while the 200-day moving average stands at $245.03. The company maintains a current ratio of 1.043 and a debt-to-equity ratio of 69.259.
$ADP stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
ADP reported revenue of approximately $21.6 billion, reflecting a 7% growth. The company's net margin stands at 20.1%, with a return on equity of 71.2%. Earnings per share reached $10.72. The next earnings report is expected on April 29, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
3 target cuts vs 1 raises.
-
EPS & revenue
EPS beat estimates by 1.7%. Revenue beat estimates by 0.5%.
-
Profit surprise
EBITDA met by 1 percent. Operating income met by 1 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
1 target raise, 3 target cuts.
-
Earnings quality
Gross margin down 3.4 points. Operating margin up 0.7 points. Positive free cash flow.
Earnings Call Summary
ADP delivered solid first quarter results with 7 percent revenue growth and 7 percent adjusted earnings per share growth. Employer services bookings accelerated, with strong momentum in ADP Lyric HCM and Workforce Now Next-Gen capturing 80 percent of new mid-market sales. Pays per control rounded to zero percent as clients remained cautious about hiring. PEO revenue grew 7 percent, beating expectations, while the company made strategic progress with the Pequity compensation management acquisition and continued expansion of embedded payroll partnerships with Fiserv.
Guidance ADP reaffirmed its full year revenue growth of 5 to 6 percent and adjusted earnings per share growth of 8 to 10 percent. The company expects employer services revenue to grow 5 to 6 percent for the year, with flat pays per control. PEO revenue is expected to grow 5 to 7 percent, with worksite employee growth of 2 to 3 percent. Client funds interest revenue was raised by 10 million dollars to 1.30 to 1.32 billion dollars.
Clearly negative report. The company missed important expectations and likely triggers downward revisions.
Dividend
ADP offers an annual dividend rate of $6.80, yielding 3.01%. The dividend payout ratio is 60.45%, providing a steady income stream for investors.
Insider Buying and Selling at Automatic Data Processing, Inc.
Executive VP Brian Michaud sold 848 shares on May 8, 2026, at an average price of $212.13 under a planned transaction. On May 7, 2026, Robert Holmes Swan bought 3,619 shares at $206.05. Corporate VP Christopher D'Ambrosio executed multiple planned sales earlier in the year.
Analysts Set New Price Targets
On May 5, 2026, Argus Research maintained a 'buy' rating with a $240 price target. UBS and TD Cowen both reiterated 'hold' ratings with targets of $218 and $216, respectively, on April 30, 2026. The consensus rating for ADP remains 'hold', with a mean target price of $246.80 across 15 analysts.
About ADP
Automatic Data Processing, Inc. (ADP) provides cloud-based human capital management solutions globally. It operates through two segments: Employer Services and Professional Employer Organization (PEO). The company offers platforms for payroll, HR, and compliance services, catering to small and large businesses. ADP is headquartered in Roseland, New Jersey, and led by CEO Maria Black. With a workforce of 67,000 employees, ADP has been a leader in its industry since 1949.
Bottom Line
Lido Advisors' decision to reduce its stake in ADP by 25.5% is a notable adjustment in its investment strategy. Investors often track these filings to gauge institutional sentiment, though it's important to remember that 13F filings represent past positions. ADP remains a significant player in the technology sector, with diverse institutional and analyst interest.
Get Automatic Data Processing, Inc. alerts
New 13F filings, insider trades, and analyst moves on $ADP, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.