Stifel Nicolaus Boosts Automatic Data Processing (NASDAQ:ADP) Price Target to $260.00

Automatic Data Processing (NASDAQ:ADP) had its price target lifted by research analysts at Stifel Nicolaus from $240.00 to $260.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “hold” rating on the business services provider’s stock. Stifel Nicolaus’ price objective points to a potential upside of 7.10% from the company’s current price.

Several other research firms have also commented on ADP. Wells Fargo & Company upgraded shares of Automatic Data Processing from an “underweight” rating to an “equal weight” rating and set a $214.00 price target on the stock in a report on Monday, May 18th. Argus dropped their price objective on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. UBS Group raised 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 note on Thursday, April 30th. TD Cowen lifted their target price on shares of Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a report on Monday. Finally, BMO Capital Markets decreased 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $246.21.

Automatic Data Processing Stock Performance

Shares of NASDAQ:ADP opened at $242.75 on Wednesday. The firm has a market capitalization of $97.04 billion, a PE ratio of 22.68 and a beta of 0.83. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The business has a 50-day moving average of $221.74 and a two-hundred day moving average of $225.24. Automatic Data Processing has a 12 month low of $188.16 and a 12 month high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last released 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. The business had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, research analysts forecast that Automatic Data Processing will post 11.08 earnings per share for the current year.

Institutional Trading of Automatic Data Processing

Several large investors have recently modified their holdings of ADP. Imprint Wealth LLC bought a new stake in shares of Automatic Data Processing in the third quarter worth $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Automatic Data Processing in the 4th quarter valued at about $26,000. Bard Associates Inc. bought a new position in shares of Automatic Data Processing during the fourth quarter worth about $28,000. Board of the Pension Protection Fund bought a new position in shares of Automatic Data Processing during the fourth quarter worth about $31,000. Finally, Prosperity Bancshares Inc acquired a new position in Automatic Data Processing in the fourth quarter worth about $33,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

About Automatic Data Processing

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.