Camden National Bank Has $10.04 Million Stock Holdings in Automatic Data Processing, Inc. $ADP

Camden National Bank grew its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2,718.5% during the 1st quarter, Holdings Channel reports. The firm owned 49,437 shares of the business services provider’s stock after buying an additional 47,683 shares during the period. Camden National Bank’s holdings in Automatic Data Processing were worth $10,045,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Imprint Wealth LLC acquired a new position in Automatic Data Processing during the third quarter worth $25,000. Cornerstone Financial Management LLC bought a new stake in Automatic Data Processing during the fourth quarter worth $26,000. Bard Associates Inc. acquired a new stake in Automatic Data Processing in the fourth quarter valued at $28,000. Whipplewood Advisors LLC lifted its stake in Automatic Data Processing by 2,740.0% in the first quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 137 shares during the last quarter. Finally, Board of the Pension Protection Fund bought a new position in shares of Automatic Data Processing in the 4th quarter valued at about $31,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $246.44 on Wednesday. The firm has a 50-day moving average of $225.50 and a 200-day moving average of $224.73. 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 stock has a market cap of $98.51 billion, a PE ratio of 22.99 and a beta of 0.83. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping the consensus estimate of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. 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 firm posted $3.06 EPS. Automatic Data Processing’s revenue was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ADP shares. Wells Fargo & Company boosted their price objective on shares of Automatic Data Processing from $214.00 to $248.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Citigroup reduced their price target on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Weiss Ratings reissued a “hold (c-)” rating on shares of Automatic Data Processing in a research report on Tuesday, July 7th. UBS Group upped their price objective on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Finally, TD Cowen raised their price objective on Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.