Automatic Data Processing, Inc. (NASDAQ:ADP) Receives $312.67 Consensus Target Price from Brokerages

Automatic Data Processing, Inc. (NASDAQ:ADP) has earned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $312.6667.

Several brokerages recently issued reports on ADP. UBS Group reduced their price target on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 17th. Morgan Stanley boosted their target price on shares of Automatic Data Processing from $310.00 to $311.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of Automatic Data Processing in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered their price target on shares of Automatic Data Processing from $340.00 to $295.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Finally, Wells Fargo & Company dropped their price objective on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th.

Automatic Data Processing Trading Up 0.4%

ADP stock opened at $255.20 on Friday. The business has a fifty day moving average price of $283.00 and a 200 day moving average price of $299.54. Automatic Data Processing has a fifty-two week low of $249.68 and a fifty-two week high of $329.93. The stock has a market capitalization of $103.22 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 2.39 and a beta of 0.86. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.44 by $0.05. The company had revenue of $5.18 billion for the quarter, compared to analyst estimates of $5.14 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.33 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Analysts expect that Automatic Data Processing will post 9.93 EPS for the current fiscal year.

Insider Activity at Automatic Data Processing

In other news, VP Michael A. Bonarti sold 8,728 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total value of $2,604,697.04. Following the transaction, the vice president owned 80,531 shares of the company’s stock, valued at approximately $24,032,866.33. This trade represents a 9.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Christopher D’ambrosio sold 597 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $296.90, for a total transaction of $177,249.30. Following the sale, the vice president directly owned 10,541 shares of the company’s stock, valued at approximately $3,129,622.90. This trade represents a 5.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,516 shares of company stock valued at $15,632,410 over the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ADP. AlphaCore Capital LLC purchased a new stake in Automatic Data Processing during the first quarter worth about $688,000. Advisory Alpha LLC boosted its stake in Automatic Data Processing by 130.2% in the first quarter. Advisory Alpha LLC now owns 4,416 shares of the business services provider’s stock valued at $1,349,000 after acquiring an additional 2,498 shares during the last quarter. Meiji Yasuda Life Insurance Co grew its position in shares of Automatic Data Processing by 4.4% during the 1st quarter. Meiji Yasuda Life Insurance Co now owns 32,478 shares of the business services provider’s stock valued at $9,923,000 after acquiring an additional 1,375 shares during the period. MGO One Seven LLC grew its position in shares of Automatic Data Processing by 18.3% during the 2nd quarter. MGO One Seven LLC now owns 13,578 shares of the business services provider’s stock valued at $4,187,000 after acquiring an additional 2,105 shares during the period. Finally, Morningstar Investment Management LLC purchased a new stake in shares of Automatic Data Processing during the 2nd quarter worth approximately $1,795,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.