14,302 Shares in Automatic Data Processing, Inc. $ADP Purchased by Caxton Associates LLP

Caxton Associates LLP acquired a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 14,302 shares of the business services provider’s stock, valued at approximately $2,906,000.

A number of other institutional investors have also recently bought and sold shares of the business. Imprint Wealth LLC acquired a new position in shares of Automatic Data Processing during the 3rd quarter worth approximately $25,000. Cornerstone Financial Management LLC acquired a new stake in shares of Automatic Data Processing in the fourth quarter valued at approximately $26,000. Bard Associates Inc. bought a new stake in shares of Automatic Data Processing in the fourth quarter valued at approximately $28,000. Whipplewood Advisors LLC boosted its stake in shares of Automatic Data Processing by 2,740.0% in the first quarter. Whipplewood Advisors LLC now owns 142 shares of the business services provider’s stock valued at $29,000 after buying an additional 137 shares during the period. Finally, Prosperity Bancshares Inc acquired a new stake in Automatic Data Processing during the fourth quarter worth approximately $33,000. Institutional investors own 80.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ADP. BMO Capital Markets dropped their price objective 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. Citigroup reduced their target price on Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating on the stock in a report on Thursday, April 30th. Cantor Fitzgerald raised their price target on Automatic Data Processing from $244.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday. TD Cowen boosted their price target on Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a research note on Monday, July 6th. Finally, Guggenheim reiterated a “buy” rating and set a $270.00 price objective on shares of Automatic Data Processing in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $256.00.

Automatic Data Processing Price Performance

Automatic Data Processing stock opened at $250.09 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.04 and a current ratio of 1.04. Automatic Data Processing, Inc. has a 52 week low of $188.16 and a 52 week high of $315.98. The stock has a market capitalization of $99.97 billion, a P/E ratio of 23.33 and a beta of 0.83. The stock has a fifty day moving average of $231.61 and a 200-day moving average of $224.52.

Automatic Data Processing (NASDAQ:ADP) last released its quarterly earnings data on Wednesday, April 29th. The business services provider reported $3.37 earnings per share 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 analyst estimates of $5.85 billion. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.Automatic Data Processing’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. On average, sell-side analysts expect that Automatic Data Processing, Inc. will post 11.08 earnings per share for the current fiscal year.

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.