Automatic Data Processing, Inc. $ADP Holdings Decreased by Ramsay Stattman Vela & Price Inc.

Ramsay Stattman Vela & Price Inc. trimmed its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,367 shares of the business services provider’s stock after selling 2,777 shares during the period. Automatic Data Processing makes up about 2.1% of Ramsay Stattman Vela & Price Inc.’s holdings, making the stock its 17th biggest position. Ramsay Stattman Vela & Price Inc.’s holdings in Automatic Data Processing were worth $10,640,000 at the end of the most recent quarter.

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

Automatic Data Processing Stock Down 0.0%

ADP opened at $241.28 on Friday. The company has a market capitalization of $96.45 billion, a PE ratio of 22.51 and a beta of 0.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $315.98. The business has a 50-day moving average of $223.47 and a 200-day moving average of $224.98.

Automatic Data Processing (NASDAQ:ADP) last announced 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 return on equity of 68.82% and a net margin of 20.12%.The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the business posted $3.06 EPS. The firm’s quarterly revenue 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. Equities research analysts forecast that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADP has been the topic of a number of research analyst reports. BMO Capital Markets lowered 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 research report on Tuesday, April 7th. Cantor Fitzgerald cut their target price on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Wells Fargo & Company increased their target price 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. Guggenheim started coverage on shares of Automatic Data Processing in a research note on Thursday, March 19th. They set a “buy” rating and a $270.00 target price for the company. Finally, Stifel Nicolaus boosted their price target on shares of Automatic Data Processing from $240.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.