Automatic Data Processing’s (ADP) Buy Rating Reiterated at Guggenheim

Guggenheim restated their buy rating on shares of Automatic Data Processing (NASDAQ:ADP) in a report issued on Tuesday,Benzinga reports. Guggenheim currently has a $270.00 price objective on the business services provider’s stock.

A number of other research analysts also recently commented on ADP. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Automatic Data Processing in a research note on Tuesday, July 7th. BMO Capital Markets decreased their target price on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating on the stock in a report on Tuesday, April 7th. Jefferies Financial Group dropped their target price on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. UBS Group upped their price target on shares of Automatic Data Processing from $210.00 to $218.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Finally, Argus reduced their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $256.00.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $242.88 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $97.09 billion, a P/E ratio of 22.66 and a beta of 0.83. Automatic Data Processing has a 12-month low of $188.16 and a 12-month high of $315.98. The firm has a 50-day moving average price of $230.90 and a two-hundred day moving average price of $224.34.

Automatic Data Processing (NASDAQ:ADP) last announced its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period last year, the firm earned $3.06 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Analysts anticipate that Automatic Data Processing will post 11.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ADP. Imprint Wealth LLC acquired a new stake in shares of Automatic Data Processing in the 3rd quarter valued at approximately $25,000. Cornerstone Financial Management LLC acquired a new position in Automatic Data Processing during the 4th quarter worth approximately $26,000. Bard Associates Inc. acquired a new position in Automatic Data Processing during the 4th quarter worth approximately $28,000. Prosperity Bancshares Inc bought a new position in Automatic Data Processing in the 4th quarter valued at approximately $33,000. Finally, High Point Wealth Management LLC bought a new position in Automatic Data Processing in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 80.03% of the company’s stock.

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.