Modera Wealth Management LLC Has $18.60 Million Position in Automatic Data Processing, Inc. $ADP

Modera Wealth Management LLC lessened its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,543 shares of the business services provider’s stock after selling 3,720 shares during the period. Modera Wealth Management LLC’s holdings in Automatic Data Processing were worth $18,600,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ADP. Assetmark Inc. increased its stake in Automatic Data Processing by 25.3% during the first quarter. Assetmark Inc. now owns 25,074 shares of the business services provider’s stock valued at $5,095,000 after acquiring an additional 5,057 shares during the period. Angeles Wealth Management LLC lifted its position in shares of Automatic Data Processing by 14.7% in the 1st quarter. Angeles Wealth Management LLC now owns 2,197 shares of the business services provider’s stock worth $450,000 after acquiring an additional 281 shares during the period. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Automatic Data Processing during the 1st quarter worth approximately $163,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Automatic Data Processing by 12.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 53,157 shares of the business services provider’s stock worth $10,699,000 after purchasing an additional 5,714 shares in the last quarter. Finally, Independent Financial Group LLC bought a new stake in shares of Automatic Data Processing during the first quarter valued at approximately $421,000. 80.03% of the stock is owned by institutional investors and hedge funds.

Automatic Data Processing Trading Down 0.5%

Shares of ADP opened at $255.26 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63. The stock has a market cap of $102.04 billion, a PE ratio of 23.81 and a beta of 0.83. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $315.98. The stock has a 50 day simple moving average of $228.00 and a 200-day simple moving average of $224.86.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 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 business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same quarter in the previous year, the firm earned $3.06 EPS. Automatic Data Processing’s quarterly 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. On average, sell-side analysts predict that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Jefferies Financial Group cut their target price on Automatic Data Processing from $230.00 to $190.00 in a research note on Thursday, April 30th. Robert W. Baird lowered their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Cantor Fitzgerald lowered 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 report on Wednesday, April 29th. Mizuho dropped their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a research note on Thursday, April 30th. Finally, Wells Fargo & Company raised their price objective on shares of Automatic Data Processing from $214.00 to $248.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $248.64.

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.