World Equity Group Inc. Has $271,000 Holdings in Automatic Data Processing, Inc. $ADP

World Equity Group Inc. trimmed its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 61.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,334 shares of the business services provider’s stock after selling 2,162 shares during the quarter. World Equity Group Inc.’s holdings in Automatic Data Processing were worth $271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Northcape Wealth Management LLC grew its position in Automatic Data Processing by 0.6% during the 4th quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock worth $1,692,000 after acquiring an additional 39 shares during the last quarter. Rathbones Group PLC boosted its stake in Automatic Data Processing by 1.1% in the fourth quarter. Rathbones Group PLC now owns 4,027 shares of the business services provider’s stock worth $1,036,000 after purchasing an additional 42 shares in the last quarter. Zullo Investment Group Inc. grew its holdings in shares of Automatic Data Processing by 2.3% during the fourth quarter. Zullo Investment Group Inc. now owns 1,885 shares of the business services provider’s stock worth $485,000 after purchasing an additional 42 shares during the last quarter. Trilogy Capital Inc. grew its holdings in shares of Automatic Data Processing by 5.3% during the fourth quarter. Trilogy Capital Inc. now owns 850 shares of the business services provider’s stock worth $219,000 after purchasing an additional 43 shares during the last quarter. Finally, Blossom Wealth Management increased its stake in shares of Automatic Data Processing by 3.1% in the fourth quarter. Blossom Wealth Management now owns 1,470 shares of the business services provider’s stock valued at $378,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ADP. Stifel Nicolaus upped their price target on shares of Automatic Data Processing from $240.00 to $260.00 and gave the stock a “hold” rating in a research report on Wednesday, July 8th. UBS Group raised their price objective on shares of Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research report on Thursday, April 30th. BMO Capital Markets dropped their target price on shares of Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a research note on Tuesday, April 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Automatic Data Processing in a research report on Tuesday, July 7th. Finally, Argus decreased their price target on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $248.64.

Automatic Data Processing Stock Down 0.0%

NASDAQ:ADP opened at $255.24 on Tuesday. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $315.98. The stock’s fifty day simple moving average is $228.87 and its 200-day simple moving average is $224.58. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $102.03 billion, a P/E ratio of 23.81 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP) last posted its earnings results on Wednesday, April 29th. The business services provider reported $3.37 earnings per share 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 analyst estimates of $5.85 billion. During the same period last year, the business posted $3.06 earnings per share. The business’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. Equities research analysts expect that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

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.