Automatic Data Processing, Inc. (NASDAQ:ADP) Given Consensus Rating of “Hold” by Brokerages

Shares of Automatic Data Processing, Inc. (NASDAQ:ADP) have received an average recommendation of “Hold” from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $248.6429.

Several research analysts have recently weighed in on the stock. Guggenheim initiated coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They set a “buy” rating and a $270.00 price objective on the stock. Argus decreased their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Automatic Data Processing in a report on Tuesday, July 7th. UBS Group lifted their target price on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group dropped their price target on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th.

Automatic Data Processing Trading Up 3.7%

Shares of Automatic Data Processing stock opened at $256.56 on Friday. Automatic Data Processing has a fifty-two week low of $188.16 and a fifty-two week high of $315.98. The business’s fifty day moving average is $227.16 and its two-hundred day moving average is $224.64. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The firm has a market cap of $102.55 billion, a PE ratio of 23.93 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last announced 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. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the business earned $3.06 earnings per share. The business’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 anticipate that Automatic Data Processing will post 11.08 earnings per share for the current year.

Institutional Investors Weigh In On Automatic Data Processing

Several institutional investors have recently bought and sold shares of ADP. State Street Corp boosted its position in Automatic Data Processing by 0.7% during the 4th quarter. State Street Corp now owns 18,940,841 shares of the business services provider’s stock worth $4,903,769,000 after purchasing an additional 133,039 shares during the period. Geode Capital Management LLC grew its stake in Automatic Data Processing by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 11,576,572 shares of the business services provider’s stock valued at $2,977,777,000 after purchasing an additional 136,876 shares in the last quarter. Capital Research Global Investors increased its holdings in Automatic Data Processing by 4.6% during the 4th quarter. Capital Research Global Investors now owns 8,393,607 shares of the business services provider’s stock worth $2,159,088,000 after purchasing an additional 372,413 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Automatic Data Processing by 8.0% in the 4th quarter. Wellington Management Group LLP now owns 7,374,504 shares of the business services provider’s stock valued at $1,896,944,000 after purchasing an additional 544,210 shares in the last quarter. Finally, Cardano Risk Management B.V. boosted its stake in shares of Automatic Data Processing by 950.1% during the 4th quarter. Cardano Risk Management B.V. now owns 3,563,180 shares of the business services provider’s stock valued at $916,557,000 after buying an additional 3,223,855 shares during the last quarter. 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.