UBS Group Issues Positive Forecast for Automatic Data Processing (NASDAQ:ADP) Stock Price

Automatic Data Processing (NASDAQ:ADP) had its price objective lifted by UBS Group from $260.00 to $270.00 in a research report released on Wednesday,Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

ADP has been the topic of several other reports. Robert W. Baird cut their price objective on shares of Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Stifel Nicolaus increased their target price on Automatic Data Processing from $240.00 to $260.00 and gave the stock a “hold” rating in a report on Wednesday, July 8th. TD Cowen lifted their price target on Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a research note on Monday, July 6th. BMO Capital Markets dropped their price target on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 7th. Finally, Citigroup cut their price target on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $256.00.

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $243.12 on Wednesday. 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 has a 52 week low of $188.16 and a 52 week high of $315.98. The company’s 50 day moving average price is $230.21 and its two-hundred day moving average price is $224.41. The company has a market capitalization of $97.18 billion, a P/E ratio of 22.68 and a beta of 0.83.

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 for the quarter, beating the consensus estimate 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 company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the prior year, the company earned $3.06 earnings per share. The business’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. On average, analysts expect that Automatic Data Processing will post 11.08 earnings per share for the current fiscal year.

Institutional Trading of Automatic Data Processing

Institutional investors have recently made changes to their positions in the business. Regent Peak Wealth Advisors LLC boosted its holdings in Automatic Data Processing by 3.4% during the second quarter. Regent Peak Wealth Advisors LLC now owns 2,121 shares of the business services provider’s stock worth $475,000 after purchasing an additional 69 shares during the last quarter. Bank & Trust Co increased its stake in Automatic Data Processing by 1.3% in the 2nd quarter. Bank & Trust Co now owns 3,908 shares of the business services provider’s stock valued at $875,000 after buying an additional 50 shares during the last quarter. Annex Advisory Services LLC increased its stake in Automatic Data Processing by 3.9% in the 2nd quarter. Annex Advisory Services LLC now owns 2,947 shares of the business services provider’s stock valued at $660,000 after buying an additional 111 shares during the last quarter. Whitener Capital Management Inc. bought a new stake in Automatic Data Processing during the 2nd quarter worth about $207,000. Finally, Tema ETFs LLC lifted its position in Automatic Data Processing by 9.3% during the 2nd quarter. Tema ETFs LLC now owns 6,837 shares of the business services provider’s stock worth $1,531,000 after buying an additional 580 shares in the last quarter. Institutional investors own 80.03% of the company’s stock.

Key Stories Impacting Automatic Data Processing

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target on ADP to $295 from $244 and reiterated an overweight rating, signaling meaningful upside from current levels. Cantor Fitzgerald raises ADP price target
• Positive Sentiment: UBS also lifted its price target on ADP to $270 from $260 while maintaining a neutral view, adding to the stock’s recent analyst support. UBS raises ADP price target
• Positive Sentiment: Zacks noted that ADP has gained about 23% over the past three months, supported by margin expansion, strong earnings growth, steady dividends, and solid liquidity. ADP stock gains 23% in 3 months
• Positive Sentiment: ADP said its latest weekly private payroll estimate showed U.S. private employers added an average of 16,500 jobs per week for the four weeks ending July 4, reinforcing the company’s payroll data relevance. ADP National Employment Report preliminary estimate
• Neutral Sentiment: ADP’s June private-sector hiring report came in slightly below economists’ expectations, with 98,000 jobs added versus forecasts for 110,000, which may temper enthusiasm but does not indicate a major setback. ADP June private-sector hiring report
• Neutral Sentiment: ADP is expected to report earnings next week, and Zacks says the setup still looks favorable for a potential earnings beat, but this remains an anticipatory catalyst rather than a confirmed result. ADP earnings expectations ahead of release
• Negative Sentiment: MarketWatch noted ADP underperformed peers on Tuesday, suggesting some near-term relative weakness versus competitors. ADP underperforms competitors

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.