Automatic Data Processing, Inc. $ADP Shares Sold by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC trimmed its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 23.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 11,189 shares of the business services provider’s stock after selling 3,350 shares during the period. Relyea Zuckerberg Hanson LLC’s holdings in Automatic Data Processing were worth $2,273,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hilltop Holdings Inc. purchased a new position in shares of Automatic Data Processing during the 3rd quarter valued at approximately $5,292,000. Horizon Investments LLC boosted its holdings in Automatic Data Processing by 34.1% during the fourth quarter. Horizon Investments LLC now owns 26,144 shares of the business services provider’s stock worth $6,725,000 after buying an additional 6,655 shares in the last quarter. Compass Capital Management Inc. boosted its holdings in Automatic Data Processing by 3.0% during the fourth quarter. Compass Capital Management Inc. now owns 203,710 shares of the business services provider’s stock worth $52,400,000 after buying an additional 5,899 shares in the last quarter. Elevation Point Wealth Partners LLC grew its position 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 valued at $4,950,000 after buying an additional 10,824 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. increased its holdings in Automatic Data Processing by 64.0% in the fourth quarter. Generali Investments CEE investicni spolecnost a.s. now owns 14,757 shares of the business services provider’s stock valued at $3,796,000 after buying an additional 5,757 shares in the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Price Performance

ADP traded up $0.64 during midday trading on Friday, hitting $241.92. 1,243,041 shares of the company traded hands, compared to its average volume of 2,717,334. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $96.70 billion, a price-to-earnings ratio of 22.57 and a beta of 0.83. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98. The business has a 50 day simple moving average of $224.00 and a two-hundred day simple moving average of $225.10.

Automatic Data Processing (NASDAQ:ADP) last announced its 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. The business 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 for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the business earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities analysts forecast that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on ADP shares. Robert W. Baird decreased their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Stifel Nicolaus lifted their price target on Automatic Data Processing from $240.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday. Wells Fargo & Company upped their price target on Automatic Data Processing from $214.00 to $248.00 and gave the stock an “equal weight” rating in a report on Thursday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Automatic Data Processing in a research report on Tuesday. 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 objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $248.64.

About Automatic Data Processing

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.