California State Teachers Retirement System Lowers Position in Automatic Data Processing, Inc. $ADP

California State Teachers Retirement System cut its position in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 633,103 shares of the business services provider’s stock after selling 15,681 shares during the quarter. California State Teachers Retirement System’s holdings in Automatic Data Processing were worth $128,634,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADP. Northcape Wealth Management LLC lifted its position in Automatic Data Processing by 0.6% during the fourth quarter. Northcape Wealth Management LLC now owns 6,577 shares of the business services provider’s stock valued at $1,692,000 after buying an additional 39 shares during the period. Rathbones Group PLC boosted its holdings in shares of Automatic Data Processing by 1.1% during the 4th quarter. Rathbones Group PLC now owns 4,027 shares of the business services provider’s stock valued at $1,036,000 after buying an additional 42 shares in the last quarter. Zullo Investment Group Inc. grew its position in shares of Automatic Data Processing by 2.3% in the 4th quarter. Zullo Investment Group Inc. now owns 1,885 shares of the business services provider’s stock worth $485,000 after buying an additional 42 shares during the period. Trilogy Capital Inc. grew its position in shares of Automatic Data Processing by 5.3% in the 4th quarter. Trilogy Capital Inc. now owns 850 shares of the business services provider’s stock worth $219,000 after buying an additional 43 shares during the period. Finally, Blossom Wealth Management increased its stake in shares of Automatic Data Processing by 3.1% in the 4th quarter. Blossom Wealth Management now owns 1,470 shares of the business services provider’s stock worth $378,000 after acquiring an additional 44 shares in the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.

Automatic Data Processing Trading Up 3.5%

NASDAQ ADP opened at $273.37 on Thursday. Automatic Data Processing, Inc. has a 12 month low of $188.16 and a 12 month high of $315.98. The stock has a market cap of $109.27 billion, a P/E ratio of 25.50 and a beta of 0.83. The stock’s fifty day moving average price is $234.18 and its 200-day moving average price is $224.32. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.63.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Automatic Data Processing from $214.00 to $248.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Mizuho cut their price objective on shares of Automatic Data Processing from $332.00 to $305.00 in a report on Thursday, April 30th. Citigroup decreased their target price on shares of Automatic Data Processing from $265.00 to $230.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. Morgan Stanley lowered their target price on shares of 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. Finally, Weiss Ratings raised Automatic Data Processing from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $261.07.

Trending Headlines about Automatic Data Processing

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.

About Automatic Data Processing

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.