Diversify Wealth Management LLC Has $7.53 Million Position in Automatic Data Processing, Inc. $ADP

Diversify Wealth Management LLC raised its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 110.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,994 shares of the business services provider’s stock after acquiring an additional 18,398 shares during the quarter. Diversify Wealth Management LLC’s holdings in Automatic Data Processing were worth $7,526,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ADP. Fifth Third Bancorp increased its holdings in Automatic Data Processing by 78.4% in the first quarter. Fifth Third Bancorp now owns 528,587 shares of the business services provider’s stock valued at $107,398,000 after purchasing an additional 232,359 shares during the last quarter. Sachetta LLC boosted its holdings in Automatic Data Processing by 65.4% during the first quarter. Sachetta LLC now owns 1,500 shares of the business services provider’s stock worth $305,000 after buying an additional 593 shares during the last quarter. Simplicity Wealth LLC boosted its holdings in Automatic Data Processing by 11.7% during the first quarter. Simplicity Wealth LLC now owns 7,365 shares of the business services provider’s stock worth $1,496,000 after buying an additional 769 shares during the last quarter. Osprey Private Wealth LLC grew its position in shares of Automatic Data Processing by 11.9% during the 1st quarter. Osprey Private Wealth LLC now owns 7,500 shares of the business services provider’s stock worth $1,524,000 after buying an additional 800 shares during the period. Finally, Conning Inc. grew its position in shares of Automatic Data Processing by 28.7% during the 1st quarter. Conning Inc. now owns 164,051 shares of the business services provider’s stock worth $33,332,000 after buying an additional 36,630 shares during the period. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analyst Ratings Changes

ADP has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their price target on Automatic Data Processing from $240.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, July 8th. Wells Fargo & Company lifted 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 note on Thursday. Weiss Ratings restated a “hold (c-)” rating on shares of Automatic Data Processing in a report on Tuesday, July 7th. 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. Finally, TD Cowen upped 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 equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and a consensus price target of $248.64.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $241.92 on Monday. The company has a 50 day moving average of $224.00 and a 200-day moving average of $224.86. 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, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98. The stock has a market capitalization of $96.70 billion, a PE ratio of 22.57 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 (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.07. The firm had revenue of $5.94 billion for 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 company’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the business posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities research analysts anticipate that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal 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.