Analysts Set Automatic Data Processing, Inc. (NASDAQ:ADP) Price Target at $248.64

Automatic Data Processing, Inc. (NASDAQ:ADP) has received a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $248.6429.

Several research firms recently weighed in on ADP. Stifel Nicolaus lifted their price objective on Automatic Data Processing from $240.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday, July 8th. Jefferies Financial Group lowered their target price on shares of Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Mizuho cut their price target on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Automatic Data Processing in a report on Tuesday, July 7th. Finally, Morgan Stanley decreased their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th.

Institutional Investors Weigh In On Automatic Data Processing

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northcape Wealth Management LLC boosted its position in shares of Automatic Data Processing by 0.6% in the 4th quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock worth $1,692,000 after purchasing an additional 39 shares in the last quarter. Rathbones Group PLC increased its position in Automatic Data Processing by 1.1% during the 4th quarter. Rathbones Group PLC now owns 4,027 shares of the business services provider’s stock valued at $1,036,000 after buying an additional 42 shares in the last quarter. Zullo Investment Group Inc. raised its stake in Automatic Data Processing by 2.3% in the fourth quarter. Zullo Investment Group Inc. now owns 1,885 shares of the business services provider’s stock valued at $485,000 after buying an additional 42 shares during the last quarter. Trilogy Capital Inc. raised its stake in Automatic Data Processing by 5.3% in the fourth quarter. Trilogy Capital Inc. now owns 850 shares of the business services provider’s stock valued at $219,000 after buying an additional 43 shares during the last quarter. Finally, Blossom Wealth Management raised its stake in Automatic Data Processing by 3.1% in the fourth quarter. Blossom Wealth Management now owns 1,470 shares of the business services provider’s stock valued at $378,000 after buying an additional 44 shares during the last quarter. 80.03% of the stock is currently owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Performance

ADP stock opened at $255.26 on Friday. Automatic Data Processing has a twelve month low of $188.16 and a twelve month high of $315.98. The business’s fifty day simple moving average is $228.00 and its two-hundred day simple moving average is $224.61. The firm has a market cap of $102.04 billion, a price-to-earnings ratio of 23.81 and a beta of 0.83. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data 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 company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Analysts predict that Automatic Data Processing will post 11.08 earnings per share for the current year.

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.