KLCM Advisors Inc. Buys Shares of 9,991 Automatic Data Processing, Inc. $ADP

KLCM Advisors Inc. purchased a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 9,991 shares of the business services provider’s stock, valued at approximately $2,030,000.

Several other hedge funds also recently made changes to their positions in ADP. Hilltop Holdings Inc. acquired a new position in shares of Automatic Data Processing during the 3rd quarter worth about $5,292,000. Horizon Investments LLC increased its position in shares of Automatic Data Processing by 34.1% in the fourth quarter. Horizon Investments LLC now owns 26,144 shares of the business services provider’s stock valued at $6,725,000 after acquiring an additional 6,655 shares during the last quarter. Compass Capital Management Inc. increased its position in shares of Automatic Data Processing by 3.0% in the fourth quarter. Compass Capital Management Inc. now owns 203,710 shares of the business services provider’s stock valued at $52,400,000 after acquiring an additional 5,899 shares during the last quarter. Elevation Point Wealth Partners LLC raised its holdings in Automatic Data Processing by 181.5% during the third quarter. Elevation Point Wealth Partners LLC now owns 16,789 shares of the business services provider’s stock worth $4,950,000 after acquiring an additional 10,824 shares in the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. raised its holdings in Automatic Data Processing by 64.0% during the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 14,757 shares of the business services provider’s stock worth $3,796,000 after acquiring an additional 5,757 shares in the last quarter. 80.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Argus dropped their price objective on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Mizuho dropped their price target on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. UBS Group lifted their price objective on shares of Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Guggenheim started coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price on the stock. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Automatic Data Processing in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $248.64.

Automatic Data Processing Stock Performance

ADP stock traded up $0.64 during midday trading on Friday, reaching $241.92. 1,243,041 shares of the company were exchanged, compared to its average volume of 2,717,334. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $315.98. The firm has a market capitalization of $96.70 billion, a price-to-earnings ratio of 22.57 and a beta of 0.83. The business has a 50-day moving average price of $224.00 and a two-hundred day moving average price of $225.10. 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 (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 the consensus estimate of $3.30 by $0.07. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The company’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities research analysts forecast that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

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.