Sei Investments Co. Purchases 114,170 Shares of Automatic Data Processing, Inc. $ADP

Sei Investments Co. grew its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 81.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 255,010 shares of the business services provider’s stock after purchasing an additional 114,170 shares during the period. Sei Investments Co.’s holdings in Automatic Data Processing were worth $51,816,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Imprint Wealth LLC bought a new stake in Automatic Data Processing in the 3rd quarter worth about $25,000. Cornerstone Financial Management LLC bought a new position in shares of Automatic Data Processing during the 4th quarter worth approximately $26,000. Bard Associates Inc. purchased a new position in shares of Automatic Data Processing in the 4th quarter worth approximately $28,000. Prosperity Bancshares Inc purchased a new position in shares of Automatic Data Processing in the 4th quarter worth approximately $33,000. Finally, High Point Wealth Management LLC bought a new position in shares of Automatic Data Processing in the fourth quarter valued at approximately $34,000. 80.03% of the stock is owned by institutional investors.

Automatic Data Processing Trading Up 3.0%

Shares of ADP stock opened at $250.09 on Friday. 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 cap of $99.97 billion, a P/E ratio of 23.33 and a beta of 0.83. The company has a 50 day moving average of $231.61 and a 200-day moving average of $224.52. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $315.98.

Automatic Data Processing (NASDAQ:ADP) last posted its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating 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 business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the business earned $3.06 earnings per share. Automatic Data Processing’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. Sell-side analysts anticipate that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ADP shares. 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 report on Tuesday, April 7th. Argus cut their price objective on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Stifel Nicolaus upped their price objective on Automatic Data Processing from $240.00 to $260.00 and gave the company a “hold” rating in a research note on Wednesday, July 8th. Weiss Ratings raised Automatic Data Processing from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Finally, Cantor Fitzgerald lifted their target price on Automatic Data Processing from $244.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $256.00.

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.