Automatic Data Processing, Inc. $ADP Shares Sold by Equitable Trust Co.

Equitable Trust Co. decreased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 65.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,579 shares of the business services provider’s stock after selling 14,327 shares during the period. Equitable Trust Co.’s holdings in Automatic Data Processing were worth $1,540,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hilltop Holdings Inc. purchased a new stake in Automatic Data Processing during the 3rd quarter worth approximately $5,292,000. Horizon Investments LLC boosted its stake in shares of Automatic Data Processing by 34.1% during the 4th quarter. Horizon Investments LLC now owns 26,144 shares of the business services provider’s stock valued at $6,725,000 after buying an additional 6,655 shares during the last quarter. Compass Capital Management Inc. grew its position in shares of Automatic Data Processing by 3.0% during the fourth quarter. Compass Capital Management Inc. now owns 203,710 shares of the business services provider’s stock worth $52,400,000 after buying an additional 5,899 shares in the last quarter. Elevation Point Wealth Partners LLC grew its position in shares of Automatic Data Processing by 181.5% during the third quarter. Elevation Point Wealth Partners LLC now owns 16,789 shares of the business services provider’s stock worth $4,950,000 after buying an additional 10,824 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. increased its stake in shares of Automatic Data Processing by 64.0% in the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 14,757 shares of the business services provider’s stock worth $3,796,000 after buying an additional 5,757 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analysts Set New Price Targets

ADP has been the subject of several recent analyst reports. Guggenheim started coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They set a “buy” rating and a $270.00 price objective for the company. Argus reduced their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Robert W. Baird decreased their price target on Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Citigroup lowered their price objective on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Finally, UBS Group upped their price objective on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus target price of $248.64.

Automatic Data Processing Trading Up 0.3%

Automatic Data Processing stock opened at $241.92 on Friday. The firm’s 50-day moving average is $224.00 and its 200-day moving average is $225.10. 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, Inc. has a 1 year low of $188.16 and a 1 year high of $315.98. The company has a market cap of $96.70 billion, a P/E ratio of 22.57 and a beta of 0.83.

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

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.