Automatic Data Processing, Inc. $ADP Shares Acquired by Lifeworks Advisors LLC

Lifeworks Advisors LLC boosted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 26.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,558 shares of the business services provider’s stock after purchasing an additional 3,673 shares during the period. Lifeworks Advisors LLC’s holdings in Automatic Data Processing were worth $3,568,000 at the end of the most recent reporting period.

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

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $241.92 on Monday. The stock 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 1-year low of $188.16 and a 1-year high of $315.98. The company’s fifty day moving average is $224.00 and its two-hundred day moving average is $224.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating the consensus estimate 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 business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period in the previous year, the business posted $3.06 EPS. The company’s quarterly 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. Equities analysts anticipate that Automatic Data Processing, Inc. will post 11.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley cut 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 report on Tuesday, April 28th. TD Cowen raised their price objective on shares of Automatic Data Processing from $216.00 to $223.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Citigroup dropped their target price on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Robert W. Baird cut their target price on shares of Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Finally, Wells Fargo & Company increased their price target on shares of Automatic Data Processing from $214.00 to $248.00 and gave the stock an “equal weight” rating in a research report on Thursday. One 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock 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.