Stifel Nicolaus Issues Positive Forecast for Automatic Data Processing (NASDAQ:ADP) Stock Price

Automatic Data Processing (NASDAQ:ADP) had its price target lifted by Stifel Nicolaus from $240.00 to $260.00 in a report published on Wednesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the business services provider’s stock.

A number of other brokerages also recently issued reports on ADP. Wells Fargo & Company raised shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target on the stock in a report on Monday, May 18th. Cantor Fitzgerald cut their price objective on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Mizuho decreased their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Jefferies Financial Group lowered their target price on shares of Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Finally, TD Cowen raised their target price on Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average target price of $246.21.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $241.37 on Wednesday. Automatic Data Processing has a 52-week low of $188.16 and a 52-week high of $315.98. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The stock has a market cap of $96.48 billion, a PE ratio of 22.52 and a beta of 0.83. The business has a 50-day simple moving average of $222.62 and a 200-day simple moving average of $225.10.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.30 by $0.07. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.Automatic Data Processing’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the company earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities analysts expect that Automatic Data Processing will post 11.08 EPS for the current year.

Hedge Funds Weigh In On Automatic Data Processing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Imprint Wealth LLC acquired a new stake in Automatic Data Processing in the 3rd quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Automatic Data Processing in the fourth quarter worth approximately $26,000. Bard Associates Inc. acquired a new stake in shares of Automatic Data Processing in the fourth quarter worth approximately $28,000. Whipplewood Advisors LLC increased its position in shares of Automatic Data Processing by 2,740.0% during the first quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock worth $29,000 after purchasing an additional 137 shares in the last quarter. Finally, Board of the Pension Protection Fund acquired a new position in Automatic Data Processing in the 4th quarter valued at $31,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

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.