Demars Financial Group LLC Acquires New Position in Automatic Data Processing, Inc. $ADP

Demars Financial Group LLC bought a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the first quarter, HoldingsChannel.com reports. The firm bought 5,835 shares of the business services provider’s stock, valued at approximately $1,186,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADP. Imprint Wealth LLC purchased a new position in shares of Automatic Data Processing during the 3rd quarter worth $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth $26,000. Bard Associates Inc. acquired a new stake in shares of Automatic Data Processing during the fourth quarter worth $28,000. Board of the Pension Protection Fund purchased a new stake in shares of Automatic Data Processing in the fourth quarter valued at $31,000. Finally, Prosperity Bancshares Inc purchased a new stake in shares of Automatic Data Processing in the fourth quarter valued at $33,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on ADP. Jefferies Financial Group reduced their target price on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. 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. UBS Group upped 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 note on Thursday, April 30th. BMO Capital Markets cut their price objective on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Finally, Wells Fargo & Company raised shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 target price on the stock in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and a consensus target price of $246.21.

Automatic Data Processing Trading Down 1.7%

ADP stock opened at $241.37 on Thursday. The company has a market cap of $96.48 billion, a price-to-earnings ratio of 22.52 and a beta of 0.83. 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 business has a fifty day simple moving average of $222.62 and a 200-day simple moving average of $225.10. 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 issued its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the firm earned $3.06 earnings per share. The firm’s revenue for the quarter 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, equities research analysts expect that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

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.