Wealthfront Advisers LLC Increases Stock Holdings in Automatic Data Processing, Inc. $ADP

Wealthfront Advisers LLC boosted its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 25.8% in the first quarter, Holdings Channel reports. The fund owned 68,727 shares of the business services provider’s stock after buying an additional 14,112 shares during the quarter. Wealthfront Advisers LLC’s holdings in Automatic Data Processing were worth $13,964,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ADP. Northcape Wealth Management LLC lifted its position in shares of Automatic Data Processing by 0.6% during the fourth quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock worth $1,692,000 after purchasing an additional 39 shares in the last quarter. Rathbones Group PLC grew its holdings in Automatic Data Processing by 1.1% during the 4th quarter. Rathbones Group PLC now owns 4,027 shares of the business services provider’s stock valued at $1,036,000 after purchasing an additional 42 shares in the last quarter. Zullo Investment Group Inc. grew its holdings in Automatic Data Processing by 2.3% during the 4th quarter. Zullo Investment Group Inc. now owns 1,885 shares of the business services provider’s stock valued at $485,000 after purchasing an additional 42 shares in the last quarter. Trilogy Capital Inc. increased its stake in Automatic Data Processing by 5.3% during the 4th quarter. Trilogy Capital Inc. now owns 850 shares of the business services provider’s stock worth $219,000 after buying an additional 43 shares during the period. Finally, Blossom Wealth Management increased its stake in Automatic Data Processing by 3.1% during the 4th quarter. Blossom Wealth Management now owns 1,470 shares of the business services provider’s stock worth $378,000 after buying an additional 44 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Stock Up 3.7%

Shares of NASDAQ:ADP opened at $256.56 on Friday. The firm has a market cap of $102.55 billion, a PE ratio of 23.93 and a beta of 0.83. The company has a fifty day simple moving average of $227.16 and a 200 day simple moving average of $224.64. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last posted 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. The firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities research analysts anticipate that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ADP. Mizuho decreased their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Automatic Data Processing in a research report on Tuesday, July 7th. Morgan Stanley cut their price target on 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. UBS Group increased their price target 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, Guggenheim started coverage on Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 price target for the company. 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 issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $248.64.

Automatic Data Processing 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.