Independent Financial Group LLC Invests $421,000 in Automatic Data Processing, Inc. $ADP

Independent Financial Group LLC bought a new position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the first quarter, Holdings Channel.com reports. The fund bought 2,070 shares of the business services provider’s stock, valued at approximately $421,000.

A number of other large investors have also added to or reduced their stakes in ADP. Horizon Investments LLC grew its stake in Automatic Data Processing by 34.1% in the 4th quarter. Horizon Investments LLC now owns 26,144 shares of the business services provider’s stock valued at $6,725,000 after buying an additional 6,655 shares during the last quarter. Compass Capital Management Inc. raised its holdings in Automatic Data Processing by 3.0% in the 4th 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 during the period. Generali Investments CEE investicni spolecnost a.s. lifted its position in Automatic Data Processing by 64.0% during the fourth 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 acquiring an additional 5,757 shares during the last quarter. Columbus Macro LLC lifted its position in Automatic Data Processing by 27.6% during the fourth quarter. Columbus Macro LLC now owns 31,571 shares of the business services provider’s stock worth $8,121,000 after acquiring an additional 6,837 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Automatic Data Processing by 27.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 234,273 shares of the business services provider’s stock worth $60,262,000 after acquiring an additional 49,774 shares during the period. Institutional investors own 80.03% of the company’s stock.

Automatic Data Processing Stock Performance

NASDAQ ADP opened at $250.09 on Friday. The firm has a 50-day moving average price of $231.61 and a two-hundred day moving average price of $224.52. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $315.98. The company has a market capitalization of $99.97 billion, a P/E ratio of 23.33 and a beta of 0.83. 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 announced its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping 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 company had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period last year, the firm earned $3.06 earnings per share. The business’s revenue for the quarter 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. Analysts anticipate that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Guggenheim reaffirmed a “buy” rating and issued a $270.00 target price on shares of Automatic Data Processing in a research report on Tuesday. Citigroup dropped their price target on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. Robert W. Baird reduced their price target on Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. Stifel Nicolaus upped their price objective on Automatic Data Processing from $240.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday, July 8th. Finally, Jefferies Financial Group lowered their price objective on Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Automatic Data Processing currently has a consensus rating of “Hold” and an average price target of $256.00.

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.