207,213 Shares in Automatic Data Processing, Inc. $ADP Purchased by Absher Wealth Management LLC

Absher Wealth Management LLC purchased a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 207,213 shares of the business services provider’s stock, valued at approximately $42,102,000. Automatic Data Processing comprises about 4.9% of Absher Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADP. Imprint Wealth LLC bought a new stake in shares of Automatic Data Processing during the third quarter worth $25,000. Cornerstone Financial Management LLC bought a new position in shares of Automatic Data Processing in the fourth quarter valued at about $26,000. Bard Associates Inc. acquired a new position in Automatic Data Processing during the 4th quarter worth about $28,000. Whipplewood Advisors LLC grew its holdings in Automatic Data Processing by 2,740.0% during the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock worth $29,000 after acquiring an additional 137 shares during the last quarter. Finally, Board of the Pension Protection Fund bought a new stake in Automatic Data Processing during the 4th quarter worth about $31,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $241.92 on Monday. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $315.98. The firm’s 50-day moving average is $224.00 and its 200-day moving average is $224.86. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $96.70 billion, a PE 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 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.85 billion. During the same period in the previous year, the firm posted $3.06 earnings per share. Automatic Data Processing’s revenue for the quarter 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. Equities analysts expect that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

Analysts Set New Price Targets

ADP has been the subject of a number of research analyst reports. Cantor Fitzgerald dropped their target price on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. BMO Capital Markets decreased their price target on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Mizuho lowered their price target on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Guggenheim began coverage on shares of Automatic Data Processing in a research report on Thursday, March 19th. They issued a “buy” rating and a $270.00 price objective for the company. Finally, Morgan Stanley reduced their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 28th. One investment 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $248.64.

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.