Ferguson Wellman Capital Management Inc. Has $7.23 Million Position in Automatic Data Processing, Inc. $ADP

Ferguson Wellman Capital Management Inc. lessened its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 84.9% in the first quarter, HoldingsChannel.com reports. The fund owned 35,578 shares of the business services provider’s stock after selling 199,673 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Automatic Data Processing were worth $7,229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Imprint Wealth LLC bought a new position in Automatic Data Processing during the third quarter worth about $25,000. Cornerstone Financial Management LLC bought a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $26,000. Bard Associates Inc. acquired a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC raised its stake in Automatic Data Processing by 2,740.0% in the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 137 shares during the period. Finally, Board of the Pension Protection Fund acquired a new stake in Automatic Data Processing during the 4th quarter valued at $31,000. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Price Performance

ADP stock traded up $0.64 during midday trading on Friday, reaching $241.92. The company had a trading volume of 1,243,041 shares, compared to its average volume of 2,717,334. Automatic Data Processing, Inc. has a 1-year low of $188.16 and a 1-year high of $315.98. The stock has a 50 day moving average price of $224.00 and a 200-day moving average price of $225.10. 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 company has a market capitalization of $96.70 billion, a price-to-earnings ratio of 22.57 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 (EPS) for the quarter, beating 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 period last year, the firm posted $3.06 earnings per share. The firm’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. Equities research analysts expect that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have commented on ADP shares. 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 report on Monday, July 6th. Cantor Fitzgerald reduced their target price on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a report on Wednesday, April 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Automatic Data Processing in a report on Tuesday. UBS Group upped their target price on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Finally, Morgan Stanley reduced their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Automatic Data Processing presently has a consensus rating of “Hold” and a consensus target price 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.