Aureus Asset Management LLC Decreases Stake in Automatic Data Processing, Inc. $ADP

Aureus Asset Management LLC lowered its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 67.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,269 shares of the business services provider’s stock after selling 4,619 shares during the quarter. Aureus Asset Management LLC’s holdings in Automatic Data Processing were worth $461,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. AR Asset Management Inc. bought a new stake in Automatic Data Processing during the 1st quarter valued at $307,000. First Trust Advisors LP grew its holdings in Automatic Data Processing by 11.1% in the 1st quarter. First Trust Advisors LP now owns 2,497,861 shares of the business services provider’s stock worth $507,515,000 after acquiring an additional 249,357 shares during the last quarter. ABN Amro Investment Solutions increased its position in shares of Automatic Data Processing by 9.5% in the first quarter. ABN Amro Investment Solutions now owns 25,609 shares of the business services provider’s stock valued at $5,203,000 after acquiring an additional 2,222 shares during the period. Oslo Pensjonsforsikring AS purchased a new position in shares of Automatic Data Processing in the first quarter valued at about $535,000. Finally, Andra AP fonden raised its stake in shares of Automatic Data Processing by 65.0% during the first quarter. Andra AP fonden now owns 69,689 shares of the business services provider’s stock valued at $14,159,000 after acquiring an additional 27,449 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

ADP has been the topic of several recent analyst reports. Cantor Fitzgerald raised their target price on Automatic Data Processing from $244.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday. Weiss Ratings raised Automatic Data Processing from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Wells Fargo & Company lifted their price objective on Automatic Data Processing from $214.00 to $248.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Citigroup reduced their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Finally, BMO Capital Markets decreased their target price on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $256.00.

Automatic Data Processing Stock Performance

Shares of ADP opened at $242.88 on Friday. 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 one year low of $188.16 and a one year high of $315.98. The firm has a market capitalization of $97.09 billion, a PE ratio of 22.66 and a beta of 0.83. The company has a 50-day simple moving average of $230.90 and a two-hundred day simple moving average of $224.34.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, topping the consensus estimate of $3.30 by $0.07. The company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, analysts anticipate that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

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.