Automatic Data Processing, Inc. $ADP Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. lessened its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 88.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,030 shares of the business services provider’s stock after selling 196,346 shares during the period. Bessemer Group Inc.’s holdings in Automatic Data Processing were worth $5,084,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Imprint Wealth LLC bought a new position in shares of Automatic Data Processing in the third quarter valued at approximately $25,000. Cornerstone Financial Management LLC bought a new stake in Automatic Data Processing during the fourth quarter worth approximately $26,000. Bard Associates Inc. acquired a new stake in Automatic Data Processing in the fourth quarter worth approximately $28,000. Prosperity Bancshares Inc bought a new position in Automatic Data Processing during the 4th quarter valued at $33,000. Finally, High Point Wealth Management LLC bought a new position in Automatic Data Processing during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $255.24 on Tuesday. The company has a market cap of $102.03 billion, a P/E ratio of 23.81 and a beta of 0.83. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month 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 company’s fifty day moving average is $228.87 and its two-hundred day moving average is $224.58.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping 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 in the prior year, the business earned $3.06 EPS. The business’s revenue for the quarter 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. Equities analysts expect that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADP. Morgan Stanley cut their price objective on 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. Stifel Nicolaus upped their price target on shares of Automatic Data Processing from $240.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday, July 8th. Mizuho lowered their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. BMO Capital Markets cut their target price on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research note on Tuesday, April 7th. Finally, TD Cowen raised their target price on shares of Automatic Data Processing from $216.00 to $223.00 and gave the stock a “hold” rating in a report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.