Automatic Data Processing, Inc. $ADP Shares Acquired by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lifted its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 25.0% during the 1st quarter, Holdings Channel reports. The fund owned 21,330 shares of the business services provider’s stock after buying an additional 4,263 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Automatic Data Processing were worth $4,334,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ADP. Brighton Jones LLC increased its holdings in shares of Automatic Data Processing by 92.1% during the 4th quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock worth $2,935,000 after buying an additional 4,808 shares during the last quarter. Bison Wealth LLC raised its position in shares of Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock valued at $1,073,000 after buying an additional 681 shares during the period. Schnieders Capital Management LLC. lifted its holdings in Automatic Data Processing by 21.8% in the second quarter. Schnieders Capital Management LLC. now owns 1,259 shares of the business services provider’s stock valued at $388,000 after acquiring an additional 225 shares during the last quarter. Osterweis Capital Management Inc. purchased a new position in Automatic Data Processing in the second quarter worth approximately $108,000. Finally, Diversify Advisory Services LLC grew its position in Automatic Data Processing by 17.5% in the second quarter. Diversify Advisory Services LLC now owns 5,477 shares of the business services provider’s stock worth $1,641,000 after acquiring an additional 815 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 2.0%

Shares of NASDAQ ADP opened at $254.98 on Tuesday. The stock has a fifty day simple moving average of $232.26 and a 200-day simple moving average of $224.24. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98. 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 stock has a market capitalization of $101.92 billion, a PE ratio of 23.79 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.Automatic Data Processing’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the business posted $3.06 EPS. 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 year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Stifel Nicolaus raised their target price on Automatic Data Processing from $240.00 to $260.00 and gave the stock a “hold” rating in a research note on Wednesday, July 8th. Jefferies Financial Group decreased their price target on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Morgan Stanley cut their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 28th. Robert W. Baird reduced their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Finally, Citigroup decreased their target price on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and a consensus target price of $256.00.

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.