First Trust Advisors LP Has $507.51 Million Position in Automatic Data Processing, Inc. $ADP

First Trust Advisors LP increased its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 11.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,497,861 shares of the business services provider’s stock after purchasing an additional 249,357 shares during the period. First Trust Advisors LP’s holdings in Automatic Data Processing were worth $507,515,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of ADP. Northcape Wealth Management LLC lifted its stake in Automatic Data Processing by 0.6% in the fourth quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock valued at $1,692,000 after buying an additional 39 shares in the last quarter. Rathbones Group PLC raised its holdings in shares of Automatic Data Processing by 1.1% during the fourth quarter. Rathbones Group PLC now owns 4,027 shares of the business services provider’s stock worth $1,036,000 after acquiring an additional 42 shares during the period. Zullo Investment Group Inc. lifted its position in Automatic Data Processing by 2.3% in the 4th quarter. Zullo Investment Group Inc. now owns 1,885 shares of the business services provider’s stock valued at $485,000 after acquiring an additional 42 shares in the last quarter. Trilogy Capital Inc. boosted its stake in Automatic Data Processing by 5.3% in the 4th quarter. Trilogy Capital Inc. now owns 850 shares of the business services provider’s stock worth $219,000 after purchasing an additional 43 shares during the period. Finally, Blossom Wealth Management boosted its stake in Automatic Data Processing by 3.1% in the 4th quarter. Blossom Wealth Management now owns 1,470 shares of the business services provider’s stock worth $378,000 after purchasing an additional 44 shares during the period. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Price Performance

NASDAQ:ADP opened at $246.22 on Wednesday. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98. The company has a market cap of $98.42 billion, a P/E ratio of 22.97 and a beta of 0.83. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s 50-day simple moving average is $229.52 and its 200 day simple moving average is $224.51.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating the consensus estimate of $3.30 by $0.07. The firm had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, sell-side analysts forecast that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on ADP shares. Jefferies Financial Group dropped their price target on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Mizuho decreased their price objective on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Stifel Nicolaus lifted their target price on Automatic Data Processing from $240.00 to $260.00 and gave the company a “hold” rating in a research report on Wednesday, July 8th. Citigroup cut their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Finally, Guggenheim reaffirmed a “buy” rating and set a $270.00 price target on shares of Automatic Data Processing in a research note on Tuesday. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $248.64.

Automatic Data Processing Profile

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.