Van Cleef Asset Management Inc Sells 3,065 Shares of Automatic Data Processing, Inc. $ADP

Van Cleef Asset Management Inc trimmed its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 19.4% in the 1st quarter, Holdings Channel reports. The fund owned 12,701 shares of the business services provider’s stock after selling 3,065 shares during the quarter. Van Cleef Asset Management Inc’s holdings in Automatic Data Processing were worth $2,581,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Imprint Wealth LLC purchased a new stake in Automatic Data Processing in the third quarter worth about $25,000. Cornerstone Financial Management LLC bought a new stake in shares of Automatic Data Processing in the 4th quarter worth approximately $26,000. Bard Associates Inc. bought a new stake in shares of Automatic Data Processing in the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC grew its stake in shares of Automatic Data Processing by 2,740.0% in the 1st quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock worth $29,000 after buying an additional 137 shares during the last quarter. Finally, Board of the Pension Protection Fund purchased a new stake in shares of Automatic Data Processing in the 4th quarter worth approximately $31,000. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Stock Up 0.3%

NASDAQ ADP traded up $0.64 during mid-day trading on Friday, reaching $241.92. The stock had a trading volume of 1,243,041 shares, compared to its average volume of 2,717,334. The stock has a market cap of $96.70 billion, a PE ratio of 22.57 and a beta of 0.83. Automatic Data Processing, Inc. has a 1 year low of $188.16 and a 1 year high of $315.98. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.04 and a quick ratio of 1.04. The company has a fifty day moving average price of $224.00 and a 200 day moving average price of $225.10.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results 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. The business had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The company’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $3.06 EPS. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, research analysts expect that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ADP shares. UBS Group lifted their price objective on Automatic Data Processing from $210.00 to $218.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Robert W. Baird cut their target price on Automatic Data Processing from $300.00 to $270.00 in a research note on Thursday, April 30th. BMO Capital Markets reduced their price target on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. Argus lowered their price target on Automatic Data Processing from $300.00 to $240.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Automatic Data Processing in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $248.64.

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.