TD Cowen Issues Positive Forecast for Automatic Data Processing (NASDAQ:ADP) Stock Price

Automatic Data Processing (NASDAQ:ADP) had its price objective boosted by TD Cowen from $216.00 to $223.00 in a research note published on Monday morning,Benzinga reports. They currently have a hold rating on the business services provider’s stock.

ADP has been the topic of a number of other reports. Mizuho dropped their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Morgan Stanley dropped their price target on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 28th. Wells Fargo & Company raised shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target for the company in a report on Monday, May 18th. Citigroup reduced their price objective on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Finally, Stifel Nicolaus lowered their price objective on Automatic Data Processing from $270.00 to $240.00 in a report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $244.79.

Automatic Data Processing Stock Up 2.6%

Automatic Data Processing stock opened at $245.62 on Monday. The stock has a market cap of $98.18 billion, a PE ratio of 22.96 and a beta of 0.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The stock’s fifty day moving average is $219.94 and its two-hundred day moving average is $225.54. Automatic Data Processing has a 1-year low of $188.16 and a 1-year high of $315.98.

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

Automatic Data Processing Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 12th were paid a $1.70 dividend. The ex-dividend date was Friday, June 12th. This represents a $6.80 annualized dividend and a dividend yield of 2.8%. Automatic Data Processing’s dividend payout ratio (DPR) is 63.43%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ADP. jvl associates llc acquired a new stake in shares of Automatic Data Processing in the 2nd quarter worth approximately $263,000. Bangor Savings Bank grew its stake in Automatic Data Processing by 4.3% in the 2nd quarter. Bangor Savings Bank now owns 4,407 shares of the business services provider’s stock valued at $987,000 after acquiring an additional 180 shares during the last quarter. Somerset Trust Co raised its holdings in shares of Automatic Data Processing by 1.4% in the second quarter. Somerset Trust Co now owns 20,143 shares of the business services provider’s stock worth $4,511,000 after acquiring an additional 274 shares during the last quarter. Trilogy Capital Inc. purchased a new stake in Automatic Data Processing during the 2nd quarter worth about $200,000. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Automatic Data Processing by 9.4% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 2,883 shares of the business services provider’s stock valued at $646,000 after purchasing an additional 248 shares in the last quarter. 80.03% of the stock is 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.