Automatic Data Processing, Inc. $ADP Shares Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd raised its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 13.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,386 shares of the business services provider’s stock after buying an additional 18,699 shares during the period. Mediolanum International Funds Ltd’s holdings in Automatic Data Processing were worth $32,338,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. ANB Bank boosted its position in Automatic Data Processing by 1.1% during the 1st quarter. ANB Bank now owns 9,121 shares of the business services provider’s stock worth $1,853,000 after purchasing an additional 103 shares during the period. Ascent Wealth Partners LLC raised its position in Automatic Data Processing by 1.8% in the first quarter. Ascent Wealth Partners LLC now owns 50,784 shares of the business services provider’s stock valued at $10,318,000 after purchasing an additional 918 shares during the period. Clifford Swan Investment Counsel LLC lifted its stake in shares of Automatic Data Processing by 1.5% during the first quarter. Clifford Swan Investment Counsel LLC now owns 46,796 shares of the business services provider’s stock worth $9,508,000 after purchasing an additional 673 shares in the last quarter. Heartland Bank & Trust Co lifted its stake in shares of Automatic Data Processing by 53.7% during the first quarter. Heartland Bank & Trust Co now owns 4,913 shares of the business services provider’s stock worth $998,000 after purchasing an additional 1,717 shares in the last quarter. Finally, Zhang Financial LLC purchased a new stake in shares of Automatic Data Processing in the first quarter worth about $368,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing Trading Down 0.5%

NASDAQ:ADP opened at $255.26 on Friday. The stock has a market cap of $102.04 billion, a price-to-earnings ratio of 23.81 and a beta of 0.83. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $315.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The business’s 50-day simple moving average is $228.00 and its 200 day simple moving average is $224.86.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share 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 firm had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same quarter last year, the firm earned $3.06 EPS. Automatic Data Processing’s quarterly revenue 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. As a group, sell-side analysts predict that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ADP shares. Jefferies Financial Group lowered their target price on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. BMO Capital Markets decreased their price target on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. TD Cowen lifted their price objective on shares of Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a research note on Monday, July 6th. UBS Group boosted their target price on shares of Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research report on Thursday, April 30th. Finally, Robert W. Baird lowered their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $248.64.

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.