Van Cleef Asset Management Inc Sells 3,065 Shares of Automatic Data Processing, Inc. $ADP

Van Cleef Asset Management Inc trimmed its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 19.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,701 shares of the business services provider’s stock after selling 3,065 shares during the quarter. Van Cleef Asset Management Inc’s holdings in Automatic Data Processing were worth $2,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hilltop Holdings Inc. purchased a new stake in Automatic Data Processing in the 3rd quarter valued at $5,292,000. Horizon Investments LLC boosted its holdings in Automatic Data Processing by 34.1% during the fourth quarter. Horizon Investments LLC now owns 26,144 shares of the business services provider’s stock worth $6,725,000 after purchasing an additional 6,655 shares during the last quarter. Compass Capital Management Inc. grew its holdings in shares of Automatic Data Processing by 3.0% in the fourth quarter. Compass Capital Management Inc. now owns 203,710 shares of the business services provider’s stock valued at $52,400,000 after acquiring an additional 5,899 shares in the last quarter. Elevation Point Wealth Partners LLC grew its stake in Automatic Data Processing by 181.5% in the 3rd quarter. Elevation Point Wealth Partners LLC now owns 16,789 shares of the business services provider’s stock valued at $4,950,000 after purchasing an additional 10,824 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. boosted its holdings in shares of Automatic Data Processing by 64.0% in the 4th quarter. Generali Investments CEE investicni spolecnost a.s. now owns 14,757 shares of the business services provider’s stock worth $3,796,000 after buying an additional 5,757 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Trading Up 0.3%

Shares of Automatic Data Processing stock traded up $0.64 during trading on Friday, reaching $241.92. The company’s stock had a trading volume of 1,243,041 shares, compared to its average volume of 2,717,334. The company has a market cap of $96.70 billion, a price-to-earnings ratio of 22.57 and a beta of 0.83. Automatic Data Processing, Inc. has a 52-week low of $188.16 and a 52-week high of $315.98. The firm’s 50-day moving average is $224.00 and its two-hundred day moving average is $225.10. 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 results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $3.06 EPS. Automatic Data Processing’s revenue for the quarter 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, sell-side analysts anticipate that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Guggenheim started coverage on Automatic Data Processing in a research note on Thursday, March 19th. They issued a “buy” rating and a $270.00 price objective on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Automatic Data Processing in a report on Tuesday. Wells Fargo & Company raised their target price on Automatic Data Processing from $214.00 to $248.00 and gave the stock an “equal weight” rating in a research note on Thursday. Jefferies Financial Group reduced their target price on Automatic Data Processing from $230.00 to $190.00 in a report on Thursday, April 30th. Finally, Cantor Fitzgerald decreased their target price 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. 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 given a Sell rating to the company’s stock. According to MarketBeat.com, Automatic Data Processing 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.