Candriam S.C.A. Sells 82,168 Shares of Automatic Data Processing, Inc. $ADP

Candriam S.C.A. reduced its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 27.2% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 219,936 shares of the business services provider’s stock after selling 82,168 shares during the period. Candriam S.C.A.’s holdings in Automatic Data Processing were worth $44,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ADP. Imprint Wealth LLC bought a new position in Automatic Data Processing in the third quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at about $26,000. Bard Associates Inc. bought a new stake in shares of Automatic Data Processing during the 4th quarter valued at about $28,000. Board of the Pension Protection Fund purchased a new stake in shares of Automatic Data Processing during the 4th quarter valued at about $31,000. Finally, Prosperity Bancshares Inc bought a new position in shares of Automatic Data Processing in the 4th quarter worth approximately $33,000. Institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

ADP has been the topic of a number of research reports. TD Cowen raised their price objective on shares of Automatic Data Processing from $216.00 to $223.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Mizuho decreased their price target 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. Stifel Nicolaus boosted their price objective on shares of Automatic Data Processing from $240.00 to $260.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, UBS Group upped their price objective on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $248.64.

Automatic Data Processing Stock Up 0.3%

Shares of ADP stock opened at $241.92 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 company’s fifty day moving average price is $224.00 and its 200-day moving average price is $225.10. The company has a market capitalization of $96.70 billion, a price-to-earnings ratio of 22.57 and a beta of 0.83.

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 (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 analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.Automatic Data Processing’s revenue for the quarter was up 7.0% compared to the same quarter last year. 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. Sell-side analysts expect that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Company 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.