Broderick Brian C Raises Position in Automatic Data Processing, Inc. $ADP

Broderick Brian C increased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 55,341 shares of the business services provider’s stock after buying an additional 3,043 shares during the quarter. Automatic Data Processing comprises 2.1% of Broderick Brian C’s portfolio, making the stock its 18th largest position. Broderick Brian C’s holdings in Automatic Data Processing were worth $11,244,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of ADP. Horizon Investments LLC boosted its position in Automatic Data Processing by 34.1% in 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 stake 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 valued at $52,400,000 after acquiring an additional 5,899 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. increased its position in shares of Automatic Data Processing by 64.0% during 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 acquiring an additional 5,757 shares during the last quarter. Columbus Macro LLC increased its position in shares of Automatic Data Processing by 27.6% during the fourth quarter. Columbus Macro LLC now owns 31,571 shares of the business services provider’s stock worth $8,121,000 after acquiring an additional 6,837 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake 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 acquiring an additional 49,774 shares in the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $255.26 on Monday. The firm has a market cap of $102.04 billion, a PE ratio of 23.81 and a beta of 0.83. The firm’s 50-day simple moving average is $228.00 and its 200-day simple moving average is $224.61. 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.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly 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 business had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities analysts forecast that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. TD Cowen increased their price target on Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a report on Monday, July 6th. Argus cut their target price on 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. Stifel Nicolaus upped their target price on Automatic Data Processing from $240.00 to $260.00 and gave the company a “hold” rating in a research report on Wednesday, July 8th. Robert W. Baird reduced their target price on Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Finally, Jefferies Financial Group decreased their price target on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $248.64.

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.