Andra AP fonden Acquires 27,449 Shares of Automatic Data Processing, Inc. $ADP

Andra AP fonden lifted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 65.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,689 shares of the business services provider’s stock after buying an additional 27,449 shares during the period. Andra AP fonden’s holdings in Automatic Data Processing were worth $14,159,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Wilkerson Advisory Group LLC raised its stake in shares of Automatic Data Processing by 52.5% during the 1st quarter. Wilkerson Advisory Group LLC now owns 215 shares of the business services provider’s stock worth $44,000 after purchasing an additional 74 shares during the period. Summit Global Investments increased its holdings in Automatic Data Processing by 4.7% during the first quarter. Summit Global Investments now owns 28,943 shares of the business services provider’s stock worth $5,881,000 after buying an additional 1,298 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in Automatic Data Processing by 1.4% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 19,484 shares of the business services provider’s stock worth $3,959,000 after buying an additional 263 shares during the last quarter. Van Strum & Towne Inc. boosted its stake in Automatic Data Processing by 1.0% in the first quarter. Van Strum & Towne Inc. now owns 49,526 shares of the business services provider’s stock valued at $10,063,000 after acquiring an additional 508 shares during the last quarter. Finally, Earned Wealth Advisors LLC increased its stake in shares of Automatic Data Processing by 30.8% during the 1st quarter. Earned Wealth Advisors LLC now owns 1,833 shares of the business services provider’s stock worth $372,000 after purchasing an additional 432 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $246.22 on Wednesday. The company’s 50 day simple moving average is $229.52 and its two-hundred day simple moving average is $224.51. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick 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 stock has a market capitalization of $98.42 billion, a PE ratio of 22.97 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (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 earnings per share. Automatic Data Processing’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. Analysts predict that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ADP. Jefferies Financial Group decreased their target price on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Morgan Stanley dropped their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. Cantor Fitzgerald cut their price target on 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. Citigroup decreased 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, Wells Fargo & Company boosted their price objective on Automatic Data Processing from $214.00 to $248.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Three research analysts have rated the stock with 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 currently 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.