ABC Arbitrage SA Acquires New Shares in Automatic Data Processing, Inc. $ADP

ABC Arbitrage SA acquired a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the first quarter, HoldingsChannel.com reports. The firm acquired 19,124 shares of the business services provider’s stock, valued at approximately $3,886,000.

Several other large investors have also recently added to or reduced their stakes in ADP. Imprint Wealth LLC bought a new stake in Automatic Data Processing in the third quarter valued at $25,000. Cornerstone Financial Management LLC bought a new position in shares of Automatic Data Processing during the fourth quarter worth about $26,000. Bard Associates Inc. acquired a new stake in shares of Automatic Data Processing in the 4th quarter worth about $28,000. Whipplewood Advisors LLC increased its holdings in shares of Automatic Data Processing by 2,740.0% in the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock worth $29,000 after acquiring an additional 137 shares during the period. Finally, Board of the Pension Protection Fund bought a new stake in Automatic Data Processing in the 4th quarter valued at about $31,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Stock Performance

ADP opened at $251.05 on Tuesday. The business has a 50 day moving average price of $224.79 and a two-hundred day moving average price of $224.82. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $100.35 billion, a price-to-earnings ratio of 23.42 and a beta of 0.83. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period last year, the firm earned $3.06 EPS. The firm’s revenue for the quarter 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. Research analysts predict that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on ADP. Weiss Ratings reissued a “hold (c-)” rating on shares of Automatic Data Processing in a research note on Tuesday, July 7th. Morgan Stanley dropped their price target on shares of 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. TD Cowen lifted their price target on Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a report on Monday, July 6th. Cantor Fitzgerald reduced their price objective on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Finally, UBS Group increased their price objective on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Automatic Data Processing currently has a consensus 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.