Automatic Data Processing (NASDAQ:ADP) Price Target Raised to $270.00

Posted by Francis Steltz on Jul 22nd, 2026

Automatic Data Processing (NASDAQ:ADP – Get Free Report) had its target price hoisted by research analysts at UBS Group from $260.00 to $270.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the business services provider’s stock. UBS Group’s target price suggests a potential upside of 11.29% from the company’s current price.

A number of other analysts have also recently commented on ADP. Stifel Nicolaus boosted their price objective on Automatic Data Processing from $240.00 to $260.00 and gave the company a “hold” rating in a research report on Wednesday, July 8th. Jefferies Financial Group reduced their price target on shares of Automatic Data Processing from $230.00 to $190.00 in a research report on Thursday, April 30th. Guggenheim reiterated a “buy” rating and issued a $270.00 price objective on shares of Automatic Data Processing in a report on Tuesday. Robert W. Baird reduced their target price on Automatic Data Processing from $300.00 to $270.00 in a report on Thursday, April 30th. Finally, Morgan Stanley lowered their price target on Automatic Data Processing from $311.00 to $274.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 28th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $256.00.

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Automatic Data Processing Stock Performance

ADP traded down $3.61 on Wednesday, reaching $242.61. The stock had a trading volume of 763,653 shares, compared to its average volume of 3,165,727. The business’s 50-day moving average price is $229.52 and its two-hundred day moving average price is $224.51. The company has a market cap of $96.98 billion, a P/E ratio of 22.67 and a beta of 0.83. Automatic Data Processing has a 12-month low of $188.16 and a 12-month high of $315.98. 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 – Get Free Report) last posted its earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, beating analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a return on equity of 68.82% and a net margin of 20.12%.The firm had revenue of $5.94 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period last year, the firm earned $3.06 EPS. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. Sell-side analysts forecast that Automatic Data Processing will post 11.08 earnings per share for the current year.

Institutional Investors Weigh In On Automatic Data Processing

Institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Automatic Data Processing by 0.7% during the 4th quarter. State Street Corp now owns 18,940,841 shares of the business services provider’s stock worth $4,903,769,000 after purchasing an additional 133,039 shares during the period. Geode Capital Management LLC boosted its position in shares of Automatic Data Processing by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 11,576,572 shares of the business services provider’s stock worth $2,977,777,000 after buying an additional 136,876 shares during the period. Capital Research Global Investors boosted its position in shares of Automatic Data Processing by 4.6% during the fourth quarter. Capital Research Global Investors now owns 8,393,607 shares of the business services provider’s stock worth $2,159,088,000 after buying an additional 372,413 shares during the period. Wellington Management Group LLP grew its stake in shares of Automatic Data Processing by 8.0% in the fourth quarter. Wellington Management Group LLP now owns 7,374,504 shares of the business services provider’s stock valued at $1,896,944,000 after buying an additional 544,210 shares in the last quarter. Finally, Cardano Risk Management B.V. raised its holdings in shares of Automatic Data Processing by 950.1% in the 4th quarter. Cardano Risk Management B.V. now owns 3,563,180 shares of the business services provider’s stock valued at $916,557,000 after buying an additional 3,223,855 shares during the period. 80.03% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Automatic Data Processing

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

Positive Sentiment: Cantor Fitzgerald raised its price target on ADP to $295 from $244 and reiterated an overweight rating, signaling confidence in more upside from current levels.
Positive Sentiment: Guggenheim reaffirmed its buy rating and set a $270 price target, adding to the bullish analyst backdrop ahead of earnings.
Positive Sentiment: Investors are encouraged by reports that ADP shares have gained 23% over the past three months, with margin expansion, earnings growth, dividend support, and strong liquidity helping drive the move. ADP Stock Gains 23% in 3 Months: Here’s What You Should Know
Positive Sentiment: Analysts say ADP has the ingredients for a likely earnings beat in next week’s report, which is supporting expectations for continued growth. Automatic Data Processing (ADP) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
Neutral Sentiment: ADP’s June private-sector hiring report came in slightly below expectations, with 98,000 jobs added versus forecasts for 110,000, but the reading was still positive and did not suggest a major deterioration. ADP Says June Private Sector Hiring Grew Slightly Below Expectations
Neutral Sentiment: The latest ADP National Employment Report preliminary estimate showed private employers added an average of 16,500 jobs per week for the four weeks ending July 4, offering a steady but unspectacular read on labor-market conditions. ADP National Employment Report Preliminary Estimate for July 4, 2026
Negative Sentiment: MarketWatch noted the stock underperformed peers on Tuesday, suggesting some near-term relative weakness despite the broader positive trend. Automatic Data Processing Inc. stock underperforms Tuesday when compared to competitors

Automatic Data Processing Company Profile

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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.