Broderick Brian C Increases Stock Holdings in Automatic Data Processing, Inc. $ADP

Broderick Brian C boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 5.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,341 shares of the business services provider’s stock after purchasing an additional 3,043 shares during the quarter. Automatic Data Processing makes up 2.1% of Broderick Brian C’s portfolio, making the stock its 18th biggest holding. Broderick Brian C’s holdings in Automatic Data Processing were worth $11,244,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing during the 3rd quarter valued at about $25,000. Cornerstone Financial Management LLC purchased a new position in shares of Automatic Data Processing during the 4th quarter worth about $26,000. Bard Associates Inc. acquired a new stake in shares of Automatic Data Processing in the fourth quarter worth approximately $28,000. Whipplewood Advisors LLC boosted 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 worth $29,000 after acquiring an additional 137 shares during the last quarter. Finally, Prosperity Bancshares Inc purchased a new stake in Automatic Data Processing in the fourth quarter valued at approximately $33,000. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Down 0.0%

ADP opened at $255.26 on Monday. The firm has a 50 day moving average price of $228.00 and a 200 day moving average price of $224.61. The company has a market cap of $102.04 billion, a PE ratio of 23.81 and a beta of 0.83. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $315.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period in the previous year, the company posted $3.06 earnings per share. Automatic Data Processing’s 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. Sell-side analysts expect that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ADP. BMO Capital Markets dropped their price target on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. Robert W. Baird decreased their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Cantor Fitzgerald lowered their price objective 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. Weiss Ratings restated a “hold (c-)” rating on shares of Automatic Data Processing in a report on Tuesday, July 7th. Finally, Jefferies Financial Group cut their target price on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $248.64.

About Automatic Data Processing

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.