Principal Financial Group Inc. Has $105.45 Million Holdings in Automatic Data Processing, Inc. $ADP

Principal Financial Group Inc. grew its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 4.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 519,024 shares of the business services provider’s stock after purchasing an additional 20,201 shares during the quarter. Principal Financial Group Inc.’s holdings in Automatic Data Processing were worth $105,455,000 at the end of the most recent quarter.

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

Automatic Data Processing Stock Performance

Shares of ADP opened at $247.47 on Thursday. 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 has a 50 day moving average price of $226.31 and a two-hundred day moving average price of $224.66. The firm has a market capitalization of $98.92 billion, a P/E ratio of 23.08 and a beta of 0.83. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates 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 company earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Equities analysts forecast that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on ADP shares. Wells Fargo & Company raised their target price on Automatic Data Processing from $214.00 to $248.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Jefferies Financial Group cut their price target on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. 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 note on Tuesday, April 7th. Morgan Stanley lowered their target price on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. Finally, UBS Group increased their target price on Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently 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.