Automatic Data Processing, Inc. $ADP Shares Sold by Journey Advisory Group LLC

Journey Advisory Group LLC reduced its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 81.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,224 shares of the business services provider’s stock after selling 14,271 shares during the quarter. Journey Advisory Group LLC’s holdings in Automatic Data Processing were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Imprint Wealth LLC acquired a new stake in shares of Automatic Data Processing during the 3rd quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Automatic Data Processing in the 4th quarter worth approximately $26,000. Bard Associates Inc. acquired a new stake in shares of Automatic Data Processing in the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC increased its stake in Automatic Data Processing by 2,740.0% in the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 137 shares in the last quarter. Finally, Board of the Pension Protection Fund purchased a new position in Automatic Data Processing in the 4th quarter valued at approximately $31,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on ADP shares. Morgan Stanley reduced their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. TD Cowen raised their price target on Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Guggenheim assumed coverage on Automatic Data Processing in a research note on Thursday, March 19th. They set a “buy” rating and a $270.00 price target for the company. BMO Capital Markets cut their price target on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research note on Tuesday, April 7th. Finally, Jefferies Financial Group decreased their price objective on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. One investment 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 issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $248.64.

Automatic Data Processing Stock Performance

Automatic Data Processing stock opened at $256.56 on Friday. The stock has a fifty day moving average price of $227.16 and a 200 day moving average price of $224.64. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $315.98. The firm has a market capitalization of $102.55 billion, a P/E ratio of 23.93 and a beta of 0.83. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. The firm had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 11.08 earnings per share 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.