Swiss National Bank Raises Holdings in Automatic Data Processing, Inc. $ADP

Swiss National Bank boosted its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 6.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 1,186,920 shares of the business services provider’s stock after buying an additional 76,840 shares during the quarter. Swiss National Bank’s holdings in Automatic Data Processing were worth $241,158,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Imprint Wealth LLC purchased a new position in shares of Automatic Data Processing during the 3rd quarter worth $25,000. Cornerstone Financial Management LLC purchased a new stake in Automatic Data Processing in the 4th quarter valued at about $26,000. Bard Associates Inc. acquired a new position in Automatic Data Processing in the fourth quarter valued at about $28,000. Whipplewood Advisors LLC lifted its position in 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, Prosperity Bancshares Inc acquired a new position in Automatic Data Processing in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ADP. Argus dropped their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Citigroup decreased their price objective on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Wells Fargo & Company increased their price objective on shares of Automatic Data Processing from $214.00 to $248.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. TD Cowen lifted their target price 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Automatic Data Processing in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $248.64.

Automatic Data Processing Stock Performance

Shares of Automatic Data Processing stock opened at $255.26 on Monday. The business has a 50-day moving average of $228.00 and a 200 day moving average of $224.61. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98. The stock has a market capitalization of $102.04 billion, a price-to-earnings ratio of 23.81 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 (NASDAQ:ADP) last released its 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 company 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%.Automatic Data Processing’s revenue was up 7.0% compared to the same quarter last year. 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. As a group, sell-side analysts forecast 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.