Healthcare of Ontario Pension Plan Trust Fund Sells 72,959 Shares of Automatic Data Processing, Inc. $ADP

Healthcare of Ontario Pension Plan Trust Fund cut its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 35.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 130,887 shares of the business services provider’s stock after selling 72,959 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Automatic Data Processing were worth $26,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Automatic Data Processing by 92.1% in the fourth quarter. Brighton Jones LLC now owns 10,026 shares of the business services provider’s stock valued at $2,935,000 after acquiring an additional 4,808 shares during the period. Bison Wealth LLC increased its holdings in Automatic Data Processing by 22.8% during the 4th quarter. Bison Wealth LLC now owns 3,664 shares of the business services provider’s stock worth $1,073,000 after acquiring an additional 681 shares during the period. Schnieders Capital Management LLC. increased its holdings in Automatic Data Processing by 21.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 1,259 shares of the business services provider’s stock worth $388,000 after acquiring an additional 225 shares during the period. Osterweis Capital Management Inc. purchased a new stake in Automatic Data Processing in the 2nd quarter worth approximately $108,000. Finally, Diversify Advisory Services LLC lifted its stake in Automatic Data Processing by 17.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 5,477 shares of the business services provider’s stock worth $1,641,000 after purchasing an additional 815 shares in the last quarter. 80.03% of the stock is currently owned by institutional investors.

Automatic Data Processing Price Performance

ADP stock opened at $250.09 on Monday. The firm has a 50 day simple moving average of $231.61 and a two-hundred day simple moving average of $224.29. The stock has a market cap of $99.97 billion, a PE ratio of 23.33 and a beta of 0.83. Automatic Data Processing, Inc. has a one year low of $188.16 and a one year high of $315.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04.

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 for the quarter, beating the consensus estimate of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter last year, the company posted $3.06 EPS. The business’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, analysts predict that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADP. Robert W. Baird reduced their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Cantor Fitzgerald increased their price objective on Automatic Data Processing from $244.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Morgan Stanley dropped their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 28th. Jefferies Financial Group reduced their target price on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Finally, Guggenheim restated a “buy” rating and issued a $270.00 target price on shares of Automatic Data Processing in a research note on Tuesday, July 21st. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $256.00.

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.