Paradiem LLC Takes Position in Automatic Data Processing, Inc. $ADP

Paradiem LLC bought a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 15,962 shares of the business services provider’s stock, valued at approximately $3,243,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lifeworks Advisors LLC grew its position in shares of Automatic Data Processing by 26.5% during the first quarter. Lifeworks Advisors LLC now owns 17,558 shares of the business services provider’s stock worth $3,568,000 after acquiring an additional 3,673 shares during the last quarter. ARQ Wealth Advisors LLC acquired a new position in shares of Automatic Data Processing in the 1st quarter valued at $543,000. Diversify Wealth Management LLC raised its position in Automatic Data Processing by 110.9% in the 1st quarter. Diversify Wealth Management LLC now owns 34,994 shares of the business services provider’s stock valued at $7,526,000 after purchasing an additional 18,398 shares during the last quarter. Fifth Third Bancorp raised its position in Automatic Data Processing by 78.4% in the 1st quarter. Fifth Third Bancorp now owns 528,587 shares of the business services provider’s stock valued at $107,398,000 after purchasing an additional 232,359 shares during the last quarter. Finally, Sachetta LLC boosted its stake in Automatic Data Processing by 65.4% during the 1st quarter. Sachetta LLC now owns 1,500 shares of the business services provider’s stock worth $305,000 after purchasing an additional 593 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

ADP has been the topic of several research reports. Argus lowered their price objective 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 reduced their target price on shares of Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. UBS Group increased their target price on shares of Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Morgan Stanley lowered their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 28th. Finally, BMO Capital Markets reduced their price objective 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. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $248.64.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $241.92 on Monday. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The company’s 50-day simple moving average is $224.00 and its 200-day simple moving average is $224.86. The firm has a market cap of $96.70 billion, a price-to-earnings ratio of 22.57 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating 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 net margin of 20.12% and a return on equity of 68.82%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, 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.