Automatic Data Processing, Inc. $ADP Shares Purchased by Calamos Advisors LLC

Calamos Advisors LLC raised its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 11.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 106,505 shares of the business services provider’s stock after acquiring an additional 10,679 shares during the period. Calamos Advisors LLC’s holdings in Automatic Data Processing were worth $21,640,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ADP. AMG National Trust Bank grew its holdings in Automatic Data Processing by 15.0% in the first quarter. AMG National Trust Bank now owns 12,814 shares of the business services provider’s stock valued at $2,604,000 after purchasing an additional 1,676 shares during the period. Mattern Capital Management LLC raised its stake in Automatic Data Processing by 35.3% during the first quarter. Mattern Capital Management LLC now owns 49,385 shares of the business services provider’s stock worth $10,034,000 after purchasing an additional 12,897 shares during the period. HBW Advisory Services LLC raised its stake in Automatic Data Processing by 16.2% during the first quarter. HBW Advisory Services LLC now owns 7,940 shares of the business services provider’s stock worth $1,613,000 after purchasing an additional 1,107 shares during the period. TFR Capital LLC. acquired a new position in shares of Automatic Data Processing in the 1st quarter valued at $256,000. Finally, Principal Financial Group Inc. boosted its holdings in shares of Automatic Data Processing by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 519,024 shares of the business services provider’s stock valued at $105,455,000 after purchasing an additional 20,201 shares during the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on ADP. Stifel Nicolaus upped their price objective on Automatic Data Processing from $240.00 to $260.00 and gave the stock a “hold” rating in a report on Wednesday, July 8th. UBS Group lifted their target price on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Mizuho lowered their price target on Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Robert W. Baird dropped their price target on Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Finally, Argus cut their price objective on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $248.64.

Automatic Data Processing Stock Down 1.8%

NASDAQ ADP opened at $246.44 on Wednesday. The stock has a market cap of $98.51 billion, a PE ratio of 22.99 and a beta of 0.83. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $315.98. The business has a 50 day moving average price of $225.50 and a two-hundred day moving average price of $224.73. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last posted 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. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter last 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 predict that Automatic Data Processing, Inc. 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.