Automatic Data Processing, Inc. $ADP Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lowered its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 211,260 shares of the business services provider’s stock after selling 8,289 shares during the quarter. Cetera Investment Advisers’ holdings in Automatic Data Processing were worth $42,924,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Alpha Family Trust lifted its holdings in Automatic Data Processing by 30.0% in the 1st quarter. Alpha Family Trust now owns 3,400 shares of the business services provider’s stock valued at $691,000 after purchasing an additional 785 shares in the last quarter. Mizuho Markets Cayman LP acquired a new stake in shares of Automatic Data Processing in the first quarter valued at about $1,491,000. AR Asset Management Inc. acquired a new stake in shares of Automatic Data Processing in the first quarter valued at about $307,000. First Trust Advisors LP lifted its stake in shares of Automatic Data Processing by 11.1% in the first quarter. First Trust Advisors LP now owns 2,497,861 shares of the business services provider’s stock worth $507,515,000 after buying an additional 249,357 shares in the last quarter. Finally, ABN Amro Investment Solutions lifted its stake in shares of Automatic Data Processing by 9.5% in the first quarter. ABN Amro Investment Solutions now owns 25,609 shares of the business services provider’s stock worth $5,203,000 after buying an additional 2,222 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on ADP shares. Argus lowered their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Robert W. Baird cut their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. UBS Group raised their target price on shares of Automatic Data Processing from $260.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday. Jefferies Financial Group lowered their target price on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. Finally, Citigroup dropped their price target on 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. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $256.00.

Automatic Data Processing Price Performance

Shares of ADP stock opened at $250.09 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $99.97 billion, a PE ratio of 23.33 and a beta of 0.83. The firm’s 50-day moving average is $231.61 and its two-hundred day moving average is $224.52. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98.

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