2,211 Shares in Automatic Data Processing, Inc. $ADP Acquired by Navigation Group LLC

Navigation Group LLC purchased a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,211 shares of the business services provider’s stock, valued at approximately $449,000.

A number of other large investors have also recently bought and sold shares of the stock. Imprint Wealth LLC acquired a new stake in shares of Automatic Data Processing in the 3rd quarter valued at $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Automatic Data Processing during the 4th quarter worth about $26,000. Bard Associates Inc. acquired a new stake in shares of Automatic Data Processing during the 4th quarter worth about $28,000. Whipplewood Advisors LLC lifted its holdings in Automatic Data Processing by 2,740.0% during the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 137 shares during the last quarter. Finally, Board of the Pension Protection Fund bought a new position in Automatic Data Processing during the 4th quarter valued at about $31,000. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Stock Up 0.4%

Shares of NASDAQ:ADP opened at $247.47 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The firm has a market cap of $98.92 billion, a P/E ratio of 23.08 and a beta of 0.83. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98. The company’s 50-day moving average price is $226.31 and its two-hundred day moving average price is $224.66.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the firm posted $3.06 earnings per share. The company’s revenue 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. As a group, research analysts forecast that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on ADP shares. Argus decreased their price objective on shares of 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 cut their target price on shares of Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Cantor Fitzgerald reduced their target price on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a report on Wednesday, April 29th. Guggenheim began coverage on Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 price target on the stock. Finally, TD Cowen raised 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.