Kentucky Retirement Systems Buys 14,163 Shares of Automatic Data Processing, Inc. $ADP

Kentucky Retirement Systems increased its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 55.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,747 shares of the business services provider’s stock after buying an additional 14,163 shares during the period. Kentucky Retirement Systems’ holdings in Automatic Data Processing were worth $8,076,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in ADP. Imprint Wealth LLC purchased a new stake in shares of Automatic Data Processing during the 3rd quarter worth approximately $25,000. Cornerstone Financial Management LLC purchased a new position in Automatic Data Processing in the fourth quarter valued at approximately $26,000. Bard Associates Inc. purchased a new position in Automatic Data Processing in the fourth quarter valued at approximately $28,000. Whipplewood Advisors LLC grew its holdings in Automatic Data Processing by 2,740.0% during the first quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 137 shares during the period. Finally, Prosperity Bancshares Inc bought a new position in Automatic Data Processing during the fourth quarter valued at $33,000. Institutional investors own 80.03% of the company’s stock.

Key Automatic Data Processing News

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: Quarterly earnings and revenue topped estimates. ADP reported fiscal Q4 adjusted earnings of $2.64 per share, above the $2.59 consensus, while revenue reached $5.47 billion versus expectations of $5.44 billion. Revenue rose 6.8% year over year, and earnings increased from $2.26 a year earlier. ADP Reports Fourth Quarter and Fiscal 2026 Results
• Positive Sentiment: Broad-based growth supported profitability. Management cited gains in both employer services and human-resources outsourcing, along with client-funds income and productivity improvements that helped lift margins and profits. The results reinforced expectations for continued growth in fiscal 2027. ADP Targets More Gains Ahead After Quarterly Growth
• Positive Sentiment: Analyst support improved. BMO Capital Markets raised its ADP price target from $248 to $305 while maintaining a “market perform” rating. The higher target reflects improved expectations, although the neutral rating limits the strength of the bullish signal.
• Neutral Sentiment: Fiscal 2027 guidance was close to expectations. ADP forecast adjusted EPS of $12.12 to $12.34, compared with the $12.19 consensus, and revenue of $23.0 billion to $23.3 billion versus expectations of $23.1 billion. The outlook is solid but does not represent a major consensus beat. ADP Q4 2026 Earnings Call Highlights
• Negative Sentiment: Broader market conditions remain a risk. A sharp oil-price surge tied to heightened U.S.-Iran tensions pressured major equity indexes ahead of the Federal Reserve’s decision. ADP’s defensive, recurring-revenue profile helped its shares outperform the market backdrop, but volatility and interest-rate uncertainty could still weigh on valuation.

Automatic Data Processing Price Performance

Shares of NASDAQ ADP opened at $273.37 on Thursday. The stock has a market cap of $109.27 billion, a PE ratio of 25.50 and a beta of 0.83. Automatic Data Processing, Inc. has a fifty-two week low of $188.16 and a fifty-two week high of $315.98. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a fifty day moving average of $234.18 and a 200-day moving average of $224.32.

Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Wednesday, July 29th. The business services provider reported $2.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.59 by $0.05. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the prior year, the firm posted $2.26 EPS. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Equities research analysts anticipate that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on ADP. Mizuho decreased their target price on Automatic Data Processing from $332.00 to $305.00 in a research report on Thursday, April 30th. Stifel Nicolaus increased their price target on Automatic Data Processing from $240.00 to $260.00 and gave the stock a “hold” rating in a research note on Wednesday, July 8th. Morgan Stanley decreased their price objective on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday, April 28th. Citigroup lowered their price objective on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. Finally, Argus dropped their price objective on shares of Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating on the stock in a report on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $261.07.

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.