Cantor Fitzgerald Forecasts Strong Price Appreciation for Automatic Data Processing (NASDAQ:ADP) Stock

Automatic Data Processing (NASDAQ:ADP) had its price target boosted by investment analysts at Cantor Fitzgerald from $244.00 to $295.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Cantor Fitzgerald’s target price would suggest a potential upside of 19.81% from the company’s previous close.

A number of other research firms have also recently commented on ADP. Jefferies Financial Group reduced their price objective on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. UBS Group lifted their target price 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. Citigroup lowered their price target on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock 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 report on Tuesday, April 7th. Finally, Mizuho dropped their price target on Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $252.29.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $246.22 on Wednesday. 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 business’s 50 day moving average price is $229.52 and its two-hundred day moving average price is $224.51. The company has a market cap of $98.42 billion, a PE ratio of 22.97 and a beta of 0.83. Automatic Data Processing has a twelve month low of $188.16 and a twelve month high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last issued 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. The company had revenue of $5.94 billion during the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, analysts predict that Automatic Data Processing will post 11.08 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its stake in Automatic Data Processing by 6,493.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,468,180 shares of the business services provider’s stock worth $892,120,000 after buying an additional 3,415,576 shares in the last quarter. Cardano Risk Management B.V. lifted its holdings in shares of Automatic Data Processing by 950.1% during the 4th quarter. Cardano Risk Management B.V. now owns 3,563,180 shares of the business services provider’s stock worth $916,557,000 after acquiring an additional 3,223,855 shares during the period. Norges Bank bought a new stake in shares of Automatic Data Processing during the 4th quarter worth approximately $721,738,000. Clearbridge Investments LLC boosted its position in shares of Automatic Data Processing by 133.3% during the 4th quarter. Clearbridge Investments LLC now owns 1,687,793 shares of the business services provider’s stock worth $434,151,000 after acquiring an additional 964,405 shares in the last quarter. Finally, Amundi boosted its position in shares of Automatic Data Processing by 27.7% during the 1st quarter. Amundi now owns 3,034,002 shares of the business services provider’s stock worth $616,449,000 after acquiring an additional 658,932 shares in the last quarter. 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.