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

Automatic Data Processing, Inc. (NASDAQ:ADP) has been assigned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $256.00.

A number of analysts have recently commented on the company. Stifel Nicolaus boosted their price target on Automatic Data Processing from $240.00 to $260.00 and gave the stock a “hold” rating in a research report on Wednesday, July 8th. BMO Capital Markets reduced their price objective on 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. Jefferies Financial Group lowered their price objective on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. TD Cowen boosted their target price on Automatic Data Processing from $216.00 to $223.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Finally, Wells Fargo & Company increased their target price on Automatic Data Processing from $214.00 to $248.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th.

Hedge Funds Weigh In On Automatic Data Processing

A number of hedge funds have recently bought and sold shares of ADP. Imprint Wealth LLC purchased a new position in Automatic Data Processing in the third quarter worth about $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of Automatic Data Processing during the fourth quarter valued at approximately $26,000. Bard Associates Inc. purchased a new stake in shares of Automatic Data Processing during the fourth quarter valued at approximately $28,000. Board of the Pension Protection Fund purchased a new stake in shares of Automatic Data Processing during the fourth quarter valued at approximately $31,000. Finally, Prosperity Bancshares Inc bought a new stake in shares of Automatic Data Processing during the fourth quarter valued at approximately $33,000. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Trading Down 0.1%

Shares of NASDAQ ADP opened at $242.88 on Friday. Automatic Data Processing 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 current ratio of 1.04 and a quick ratio of 1.04. The firm has a 50-day moving average of $230.90 and a 200 day moving average of $224.34. The stock has a market cap of $97.09 billion, a P/E ratio of 22.66 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, topping 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 business had revenue of $5.94 billion for 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 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. As a group, sell-side analysts expect that Automatic Data Processing 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.