Copeland Capital Management LLC Has $849,000 Stock Holdings in Automatic Data Processing, Inc. $ADP

Copeland Capital Management LLC decreased its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 90.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,178 shares of the business services provider’s stock after selling 38,477 shares during the period. Copeland Capital Management LLC’s holdings in Automatic Data Processing were worth $849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Horizon Investments LLC grew its position in Automatic Data Processing by 34.1% during the fourth quarter. Horizon Investments LLC now owns 26,144 shares of the business services provider’s stock worth $6,725,000 after buying an additional 6,655 shares in the last quarter. Compass Capital Management Inc. lifted its position in shares of Automatic Data Processing by 3.0% during the 4th quarter. Compass Capital Management Inc. now owns 203,710 shares of the business services provider’s stock valued at $52,400,000 after acquiring an additional 5,899 shares during the period. Generali Investments CEE investicni spolecnost a.s. lifted its position in shares of Automatic Data Processing by 64.0% during the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 14,757 shares of the business services provider’s stock valued at $3,796,000 after acquiring an additional 5,757 shares during the period. Columbus Macro LLC grew its holdings in shares of Automatic Data Processing by 27.6% during the 4th quarter. Columbus Macro LLC now owns 31,571 shares of the business services provider’s stock worth $8,121,000 after purchasing an additional 6,837 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Automatic Data Processing by 27.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 234,273 shares of the business services provider’s stock worth $60,262,000 after purchasing an additional 49,774 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Trading Down 0.5%

Shares of ADP stock opened at $255.26 on Friday. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98. The stock’s fifty day simple moving average is $228.00 and its 200 day simple moving average is $224.86. 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 firm has a market capitalization of $102.04 billion, a P/E ratio of 23.81 and a beta of 0.83.

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, beating the consensus estimate of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The firm had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period last year, the company earned $3.06 earnings per share. The business’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. As a group, sell-side analysts predict that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ADP. UBS Group increased their price objective on shares of Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Automatic Data Processing in a research report on Tuesday, July 7th. Morgan Stanley cut their price target on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. BMO Capital Markets decreased their price objective 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. Finally, Stifel Nicolaus boosted their price objective on shares of Automatic Data Processing from $240.00 to $260.00 and gave the company a “hold” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $248.64.

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.