ARQ Wealth Advisors LLC Invests $543,000 in Automatic Data Processing, Inc. $ADP

ARQ Wealth Advisors LLC acquired a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,672 shares of the business services provider’s stock, valued at approximately $543,000.

Several other institutional investors have also recently made changes to their positions in ADP. Hilltop Holdings Inc. acquired a new stake in Automatic Data Processing in the 3rd quarter valued at $5,292,000. Horizon Investments LLC increased its holdings in Automatic Data Processing by 34.1% in the 4th quarter. Horizon Investments LLC now owns 26,144 shares of the business services provider’s stock worth $6,725,000 after acquiring an additional 6,655 shares in the last quarter. Compass Capital Management Inc. raised its position in Automatic Data Processing by 3.0% during the fourth quarter. Compass Capital Management Inc. now owns 203,710 shares of the business services provider’s stock worth $52,400,000 after acquiring an additional 5,899 shares during the period. Elevation Point Wealth Partners LLC raised its position in Automatic Data Processing by 181.5% during the third quarter. Elevation Point Wealth Partners LLC now owns 16,789 shares of the business services provider’s stock worth $4,950,000 after acquiring an additional 10,824 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. lifted its holdings in Automatic Data Processing by 64.0% during the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 14,757 shares of the business services provider’s stock valued at $3,796,000 after purchasing an additional 5,757 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 0.3%

ADP stock traded up $0.64 during midday trading on Friday, hitting $241.92. 1,243,041 shares of the company’s stock were exchanged, compared to its average volume of 2,717,334. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year 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 stock has a market capitalization of $96.70 billion, a PE ratio of 22.57 and a beta of 0.83. The business has a 50-day simple moving average of $224.00 and a two-hundred day simple moving average of $225.10.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share 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 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 company’s revenue was up 7.0% compared to the same quarter last year. During the same period 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 predict that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADP has been the topic of several research analyst reports. BMO Capital Markets dropped their target price on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 7th. Cantor Fitzgerald reduced their target price on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Stifel Nicolaus boosted their price target on Automatic Data Processing from $240.00 to $260.00 and gave the stock a “hold” rating in a research report on Wednesday. Citigroup reduced their price objective on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Finally, Mizuho lowered their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and a consensus target price of $248.64.

Automatic Data Processing 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.