Cantor Fitzgerald Forecasts Strong Price Appreciation for Automatic Data Processing (NASDAQ:ADP) Stock

Automatic Data Processing (NASDAQ:ADP) had its target price lifted by Cantor Fitzgerald from $244.00 to $295.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. Cantor Fitzgerald’s target price would indicate a potential upside of 21.46% from the stock’s current price.

A number of other analysts have also recently commented on ADP. UBS Group upped their price objective on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. TD Cowen raised their target price on Automatic Data Processing from $216.00 to $223.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Automatic Data Processing in a research report on Tuesday, July 7th. BMO Capital Markets cut their price target on 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, Argus reduced their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $256.00.

Automatic Data Processing Trading Down 0.1%

Shares of ADP stock opened at $242.88 on Wednesday. Automatic Data Processing has a 12-month low of $188.16 and a 12-month high of $315.98. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The firm’s 50 day moving average is $230.90 and its 200 day moving average is $224.34. The stock has a market capitalization of $97.09 billion, a P/E ratio of 22.66 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, topping analysts’ consensus estimates of $3.30 by $0.07. The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm’s revenue was up 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Research analysts expect that Automatic Data Processing will post 11.08 earnings per share for the current year.

Institutional Investors Weigh In On Automatic Data Processing

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

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.