Hamel Associates Inc. Boosts Position in Automatic Data Processing, Inc. $ADP

Hamel Associates Inc. boosted its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 20.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,795 shares of the business services provider’s stock after purchasing an additional 2,030 shares during the period. Hamel Associates Inc.’s holdings in Automatic Data Processing were worth $2,397,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in ADP. Northcape Wealth Management LLC raised its position in shares of Automatic Data Processing by 0.6% during the 4th quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock valued at $1,692,000 after buying an additional 39 shares during the period. Rathbones Group PLC increased its stake in Automatic Data Processing by 1.1% during the fourth quarter. Rathbones Group PLC now owns 4,027 shares of the business services provider’s stock worth $1,036,000 after acquiring an additional 42 shares during the last quarter. Zullo Investment Group Inc. increased its stake in Automatic Data Processing by 2.3% during the fourth quarter. Zullo Investment Group Inc. now owns 1,885 shares of the business services provider’s stock worth $485,000 after acquiring an additional 42 shares during the last quarter. Trilogy Capital Inc. raised its position in Automatic Data Processing by 5.3% in the fourth quarter. Trilogy Capital Inc. now owns 850 shares of the business services provider’s stock valued at $219,000 after purchasing an additional 43 shares during the period. Finally, Blossom Wealth Management raised its position in Automatic Data Processing by 3.1% in the fourth quarter. Blossom Wealth Management now owns 1,470 shares of the business services provider’s stock valued at $378,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Morgan Stanley lowered their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. UBS Group upped their target price on shares of Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. Stifel Nicolaus increased their target price on shares of Automatic Data Processing from $240.00 to $260.00 and gave the stock a “hold” rating in a research note on Wednesday, July 8th. BMO Capital Markets dropped their price target on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research report on Tuesday, April 7th. Finally, Cantor Fitzgerald reduced their price target on shares of 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. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $248.64.

Automatic Data Processing Trading Down 0.0%

ADP opened at $255.26 on Monday. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week 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. The business has a fifty day simple moving average of $228.00 and a 200-day simple moving average of $224.61. The firm has a market cap of $102.04 billion, a P/E ratio of 23.81 and a beta of 0.83.

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 the consensus estimate 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 firm had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the previous year, the business earned $3.06 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities analysts expect that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

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.