Sustainable Insight Capital Management LLC Acquires 6,520 Shares of Automatic Data Processing, Inc. $ADP

Sustainable Insight Capital Management LLC lifted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 39.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,889 shares of the business services provider’s stock after purchasing an additional 6,520 shares during the quarter. Automatic Data Processing accounts for about 1.6% of Sustainable Insight Capital Management LLC’s portfolio, making the stock its 17th biggest position. Sustainable Insight Capital Management LLC’s holdings in Automatic Data Processing were worth $4,651,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing in the 3rd quarter valued at approximately $25,000. Cornerstone Financial Management LLC bought a new stake in Automatic Data Processing during the 4th quarter worth approximately $26,000. Bard Associates Inc. acquired a new stake in Automatic Data Processing during the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC raised its holdings in Automatic Data Processing by 2,740.0% during the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock worth $29,000 after buying an additional 137 shares during the period. Finally, Prosperity Bancshares Inc bought a new position in Automatic Data Processing in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ADP. TD Cowen upped their price target on shares of Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a report on Monday, July 6th. Guggenheim restated a “buy” rating and set a $270.00 price objective on shares of Automatic Data Processing in a report on Tuesday. Wells Fargo & Company boosted their price objective on shares of Automatic Data Processing from $214.00 to $248.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Cantor Fitzgerald boosted their price objective on shares of Automatic Data Processing from $244.00 to $295.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Robert W. Baird reduced their target price on shares of Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $256.00.

Automatic Data Processing Stock Up 3.0%

Shares of Automatic Data Processing stock opened at $250.09 on Friday. The firm has a market cap of $99.97 billion, a PE ratio of 23.33 and a beta of 0.83. The business’s 50 day simple moving average is $231.61 and its 200 day simple moving average is $224.52. 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, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98.

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