Calamos Wealth Management LLC Buys 9,342 Shares of Automatic Data Processing, Inc. $ADP

Calamos Wealth Management LLC lifted its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 698.7% in the first quarter, Holdings Channel.com reports. The firm owned 10,679 shares of the business services provider’s stock after buying an additional 9,342 shares during the period. Calamos Wealth Management LLC’s holdings in Automatic Data Processing were worth $2,170,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Automatic Data Processing by 6,493.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,468,180 shares of the business services provider’s stock valued at $892,120,000 after buying an additional 3,415,576 shares during the period. Cardano Risk Management B.V. boosted its stake in Automatic Data Processing by 950.1% during the fourth quarter. Cardano Risk Management B.V. now owns 3,563,180 shares of the business services provider’s stock worth $916,557,000 after buying an additional 3,223,855 shares during the period. Norges Bank bought a new position in Automatic Data Processing during the fourth quarter valued at $721,738,000. Clearbridge Investments LLC increased its position in Automatic Data Processing by 133.3% during the fourth quarter. Clearbridge Investments LLC now owns 1,687,793 shares of the business services provider’s stock valued at $434,151,000 after acquiring an additional 964,405 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Automatic Data Processing by 8.0% in the fourth quarter. Wellington Management Group LLP now owns 7,374,504 shares of the business services provider’s stock valued at $1,896,944,000 after acquiring an additional 544,210 shares during the period. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Up 3.8%

Shares of NASDAQ ADP opened at $251.05 on Tuesday. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98. The firm has a market capitalization of $100.35 billion, a price-to-earnings ratio of 23.42 and a beta of 0.83. The stock has a 50 day moving average price of $224.79 and a 200 day moving average price of $224.82. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04.

Automatic Data Processing (NASDAQ:ADP) last issued 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. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business had revenue of $5.94 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period in the previous year, the company posted $3.06 EPS. Automatic Data Processing’s revenue 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. Sell-side analysts expect that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BMO Capital Markets lowered their target price on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. Jefferies Financial Group cut their price target on shares of Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. TD Cowen increased their price objective on shares of Automatic Data Processing from $216.00 to $223.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Mizuho reduced their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Finally, Guggenheim started coverage on shares of Automatic Data Processing in a research note on Thursday, March 19th. They issued a “buy” rating and a $270.00 price objective for the company. One investment 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’s stock. According to MarketBeat, Automatic Data Processing presently has an average rating of “Hold” and a consensus price target of $248.64.

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.