Automatic Data Processing, Inc. $ADP Shares Acquired by Hamel Associates Inc.

Hamel Associates Inc. grew its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 20.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,795 shares of the business services provider’s stock after purchasing an additional 2,030 shares during the quarter. Hamel Associates Inc.’s holdings in Automatic Data Processing were worth $2,397,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Imprint Wealth LLC acquired a new stake in Automatic Data Processing during the third quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new position in Automatic Data Processing during the fourth quarter worth approximately $26,000. Bard Associates Inc. acquired a new stake in Automatic Data Processing in the 4th quarter valued at $28,000. Prosperity Bancshares Inc purchased a new stake in Automatic Data Processing in the 4th quarter worth $33,000. Finally, High Point Wealth Management LLC purchased a new stake in Automatic Data Processing in the 4th quarter worth $34,000. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $255.26 on Monday. The firm has a 50-day simple moving average of $228.00 and a 200-day simple moving average of $224.61. 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 stock has a market capitalization of $102.04 billion, a price-to-earnings ratio of 23.81 and a beta of 0.83. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last announced its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.30 by $0.07. The company had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. Automatic Data Processing’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, equities analysts predict that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on ADP. UBS Group increased their price objective on shares of Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Robert W. Baird reduced their price target on shares of Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Jefferies Financial Group reduced their price target on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Argus lowered their price objective on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Finally, Wells Fargo & Company boosted their price objective on Automatic Data Processing from $214.00 to $248.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $248.64.

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.