Modera Wealth Management LLC Has $18.60 Million Position in Automatic Data Processing, Inc. $ADP

Modera Wealth Management LLC lessened its holdings in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,543 shares of the business services provider’s stock after selling 3,720 shares during the quarter. Modera Wealth Management LLC’s holdings in Automatic Data Processing were worth $18,600,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ADP. State Street Corp increased its stake in shares of Automatic Data Processing by 0.7% during the 4th quarter. State Street Corp now owns 18,940,841 shares of the business services provider’s stock worth $4,903,769,000 after purchasing an additional 133,039 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Automatic Data Processing by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 11,576,572 shares of the business services provider’s stock valued at $2,977,777,000 after purchasing an additional 136,876 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Automatic Data Processing by 4.6% in the 4th quarter. Capital Research Global Investors now owns 8,393,607 shares of the business services provider’s stock valued at $2,159,088,000 after purchasing an additional 372,413 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Automatic Data Processing by 8.0% in the fourth quarter. Wellington Management Group LLP now owns 7,374,504 shares of the business services provider’s stock worth $1,896,944,000 after purchasing an additional 544,210 shares in the last quarter. Finally, Cardano Risk Management B.V. increased its position in Automatic Data Processing by 950.1% during the fourth quarter. Cardano Risk Management B.V. now owns 3,563,180 shares of the business services provider’s stock worth $916,557,000 after buying an additional 3,223,855 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADP. BMO Capital Markets decreased their price target on 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. Stifel Nicolaus upped their target price on Automatic Data Processing from $240.00 to $260.00 and gave the stock a “hold” rating in a research report on Wednesday, July 8th. Wells Fargo & Company increased their price target on Automatic Data Processing from $214.00 to $248.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Cantor Fitzgerald dropped their price target on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, Morgan Stanley reduced their price objective on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Automatic Data Processing currently has an average rating of “Hold” and a consensus price target of $248.64.

Automatic Data Processing Price Performance

Shares of NASDAQ:ADP opened at $255.26 on Friday. The company has a market cap of $102.04 billion, a price-to-earnings ratio of 23.81 and a beta of 0.83. The business has a 50 day moving average price of $228.00 and a 200 day moving average price of $224.86. 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, Inc. has a twelve month low of $188.16 and a twelve month high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly 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 return on equity of 68.82% and a net margin of 20.12%.The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the business posted $3.06 EPS. The company’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. Research analysts predict that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

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.