Money Concepts Capital Corp Purchases Shares of 3,379 Automatic Data Processing, Inc. $ADP

Money Concepts Capital Corp purchased a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,379 shares of the business services provider’s stock, valued at approximately $687,000.

A number of other institutional investors have also made changes to their positions in ADP. Northcape Wealth Management LLC lifted its position in shares of Automatic Data Processing by 0.6% during the 4th quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock worth $1,692,000 after purchasing an additional 39 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC grew its holdings in Automatic Data Processing by 0.3% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 15,179 shares of the business services provider’s stock valued at $4,455,000 after buying an additional 41 shares during the last quarter. Rathbones Group PLC increased its position in Automatic Data Processing by 1.1% in the 4th quarter. Rathbones Group PLC now owns 4,027 shares of the business services provider’s stock worth $1,036,000 after buying an additional 42 shares during the period. Zullo Investment Group Inc. increased its position in Automatic Data Processing by 2.3% in the 4th quarter. Zullo Investment Group Inc. now owns 1,885 shares of the business services provider’s stock worth $485,000 after buying an additional 42 shares during the period. Finally, Trilogy Capital Inc. lifted its holdings in shares of Automatic Data Processing by 5.3% during the fourth quarter. Trilogy Capital Inc. now owns 850 shares of the business services provider’s stock worth $219,000 after buying an additional 43 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Stock Performance

Shares of ADP traded up $0.64 on Friday, reaching $241.92. 1,243,041 shares of the stock traded hands, compared to its average volume of 2,717,334. The firm has a market cap of $96.70 billion, a price-to-earnings ratio of 22.57 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 12 month low of $188.16 and a 12 month high of $315.98. The stock’s 50-day moving average price is $224.00 and its 200-day moving average price is $225.10.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping 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 firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same period last year, the business earned $3.06 earnings per share. Automatic Data Processing’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 analysts forecast that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ADP shares. Mizuho reduced their price objective on Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Morgan Stanley dropped their target price on shares of Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. 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 note on Wednesday, April 29th. Citigroup reduced their price target on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Finally, Jefferies Financial Group decreased their price target 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 given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus 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.