Ghe LLC Grows Position in Automatic Data Processing, Inc. $ADP

Ghe LLC lifted its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 100.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 32,894 shares of the business services provider’s stock after purchasing an additional 16,497 shares during the period. Automatic Data Processing comprises approximately 1.4% of Ghe LLC’s portfolio, making the stock its 13th biggest holding. Ghe LLC’s holdings in Automatic Data Processing were worth $6,683,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Imprint Wealth LLC purchased a new stake in Automatic Data Processing during the 3rd quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new position in shares of Automatic Data Processing in the fourth quarter valued at about $26,000. Bard Associates Inc. bought a new position in shares of Automatic Data Processing during the fourth quarter valued at about $28,000. Whipplewood Advisors LLC raised its stake in shares of Automatic Data Processing by 2,740.0% during the first quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 137 shares during the last quarter. Finally, Board of the Pension Protection Fund purchased a new stake in shares of Automatic Data Processing during the fourth quarter worth about $31,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on ADP shares. Cantor Fitzgerald cut their target price on Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Argus dropped their price objective on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Morgan Stanley cut their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 28th. TD Cowen boosted their target price on Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Finally, Guggenheim began coverage on Automatic Data Processing in a report on Thursday, March 19th. They set a “buy” rating and a $270.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $248.64.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $241.92 on Monday. The firm has a market capitalization of $96.70 billion, a PE ratio of 22.57 and a beta of 0.83. The stock’s 50 day moving average is $224.00 and its 200 day moving average is $224.86. Automatic Data Processing, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98. 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, topping analysts’ consensus estimates of $3.30 by $0.07. The business 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 quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Research analysts forecast that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current fiscal year.

Automatic Data Processing 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.