Aware Super Pty Ltd as trustee of Aware Super Takes Position in Automatic Data Processing, Inc. $ADP

Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Automatic Data Processing, Inc. (NASDAQ:ADP) during the first quarter, HoldingsChannel.com reports. The fund bought 172,297 shares of the business services provider’s stock, valued at approximately $35,007,000.

Other hedge funds have also bought and sold shares of the company. Imprint Wealth LLC acquired a new position in Automatic Data Processing during the third quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Automatic Data Processing in the fourth quarter valued at approximately $26,000. Bard Associates Inc. acquired a new stake in shares of Automatic Data Processing in the fourth quarter valued at approximately $28,000. Whipplewood Advisors LLC lifted its position in shares of Automatic Data Processing by 2,740.0% in the first quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after buying an additional 137 shares during the last quarter. Finally, Board of the Pension Protection Fund bought a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $31,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Morgan Stanley decreased their target price 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. Jefferies Financial Group cut their price target on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. Guggenheim started coverage on shares of Automatic Data Processing in a research report on Thursday, March 19th. They set a “buy” rating and a $270.00 price objective for the company. Argus decreased 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 report on Tuesday, May 5th. Finally, TD Cowen increased their price objective on shares of Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Automatic Data Processing presently has a consensus rating of “Hold” and an average price target of $248.64.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $256.56 on Friday. The firm has a market cap of $102.55 billion, a P/E ratio of 23.93 and a beta of 0.83. The business’s 50 day moving average is $227.16 and its 200-day moving average is $224.64. 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, Inc. has a 1-year low of $188.16 and a 1-year 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 (EPS) 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 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 firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities research analysts predict that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

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.