Kestra Advisory Services LLC Trims Position in Automatic Data Processing, Inc. $ADP

Kestra Advisory Services LLC lowered its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 12.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,147 shares of the business services provider’s stock after selling 4,635 shares during the quarter. Kestra Advisory Services LLC’s holdings in Automatic Data Processing were worth $6,735,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Imprint Wealth LLC acquired a new position in Automatic Data Processing in the 3rd quarter valued at $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Automatic Data Processing in the 4th quarter worth $26,000. Bard Associates Inc. purchased a new stake in shares of Automatic Data Processing in the fourth quarter valued at about $28,000. Board of the Pension Protection Fund purchased a new stake in shares of Automatic Data Processing in the fourth quarter valued at about $31,000. Finally, Prosperity Bancshares Inc acquired a new position in shares of Automatic Data Processing during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Citigroup cut their price target on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Mizuho dropped their target price on Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Jefferies Financial Group cut their target price on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. UBS Group raised their price target on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Automatic Data Processing in a research note on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Automatic Data Processing presently has an average rating of “Hold” and a consensus target price of $248.64.

Automatic Data Processing Stock Down 1.8%

ADP stock opened at $246.44 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $225.50 and its 200 day moving average price is $224.73. 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 $98.51 billion, a P/E ratio of 22.99 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results 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 company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same period last year, the company 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. On average, research analysts expect that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current fiscal year.

Automatic Data Processing Company 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.