Automatic Data Processing (NASDAQ:ADP) Upgraded by Wells Fargo & Company to Equal Weight Rating

Posted by Stanley Muller on May 18th, 2026

Automatic Data Processing (NASDAQ:ADP – Get Free Report) was upgraded by investment analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating in a research note issued on Monday. The firm presently has a $214.00 target price on the business services provider’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 0.22% from the company’s current price.

Several other analysts have also commented on the stock. Cantor Fitzgerald reduced their price target on shares of Automatic Data Processing from $306.00 to $244.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Stifel Nicolaus cut their target price on Automatic Data Processing from $270.00 to $240.00 in a research note on Thursday, April 30th. Robert W. Baird reduced their target price on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. BMO Capital Markets lowered 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. Finally, TD Cowen raised their price objective on Automatic Data Processing from $208.00 to $216.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Automatic Data Processing has an average rating of “Hold” and an average target price of $253.50.

Get Our Latest Analysis on Automatic Data Processing

Automatic Data Processing Stock Performance

Shares of ADP stock opened at $214.48 on Monday. 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 has a twelve month low of $188.16 and a twelve month high of $329.93. The company’s 50-day moving average price is $206.29 and its 200-day moving average price is $233.49. The stock has a market cap of $85.73 billion, a price-to-earnings ratio of 20.01 and a beta of 0.83.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last issued its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. The company had revenue of $5.94 billion for the quarter, compared to the consensus estimate of $5.85 billion. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. Automatic Data Processing’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.06 earnings per share. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, equities analysts predict that Automatic Data Processing will post 11.07 earnings per share for the current year.

Insider Activity

In related news, VP Christopher D’ambrosio sold 543 shares of the stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $208.45, for a total transaction of $113,188.35. Following the transaction, the vice president owned 8,912 shares of the company’s stock, valued at approximately $1,857,706.40. This represents a 5.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Trading of Automatic Data Processing

A number of large investors have recently modified their holdings of ADP. Imprint Wealth LLC acquired a new position in Automatic Data Processing during the 3rd quarter worth $25,000. Cornerstone Financial Management LLC acquired a new stake in Automatic Data Processing in the 4th quarter valued at about $26,000. Bard Associates Inc. acquired a new stake in Automatic Data Processing in the 4th quarter valued at about $28,000. Cloud Capital Management LLC acquired a new position in shares of Automatic Data Processing during the third quarter worth about $29,000. Finally, Whipplewood Advisors LLC increased its stake in shares of 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 worth $29,000 after buying an additional 137 shares during the period. Hedge funds and other institutional investors own 80.03% of the company’s stock.

About Automatic Data Processing

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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.