Greenwood Capital Associates LLC Buys 4,766 Shares of Automatic Data Processing, Inc. $ADP

Greenwood Capital Associates LLC raised its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 41.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 16,236 shares of the business services provider’s stock after buying an additional 4,766 shares during the period. Greenwood Capital Associates LLC’s holdings in Automatic Data Processing were worth $3,299,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing during the third quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in Automatic Data Processing in the 4th quarter valued at $26,000. Bard Associates Inc. bought a new stake in Automatic Data Processing during the 4th quarter valued at $28,000. Board of the Pension Protection Fund bought a new stake in Automatic Data Processing during the 4th quarter valued at $31,000. Finally, Prosperity Bancshares Inc acquired a new position in Automatic Data Processing during the fourth quarter worth $33,000. Institutional investors own 80.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ADP shares. 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 note on Thursday, April 30th. Cantor Fitzgerald decreased their target price on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Guggenheim began coverage on shares of Automatic Data Processing in a report on Thursday, March 19th. They issued a “buy” rating and a $270.00 target price on the stock. Mizuho dropped their price target on shares of Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Finally, Wells Fargo & Company raised 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 research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $246.21.

Automatic Data Processing Trading Down 1.7%

Shares of Automatic Data Processing stock opened at $241.37 on Thursday. The company has a market capitalization of $96.48 billion, a P/E ratio of 22.52 and a beta of 0.83. The stock has a fifty day simple moving average of $222.62 and a 200 day simple moving average of $225.10. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $315.98. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP) last issued 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 analysts’ expectations of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the business earned $3.06 EPS. 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 fiscal 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.