ADP rises as analysts grow more constructive ahead of earnings

Automatic Data Processing (ADP) is up 3.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to improving sentiment ahead of ADP’s July 29 earnings report, helped by fresh Wall Street target increases and the company’s still-supportive fiscal 2026 outlook. The stock may also be benefiting from demand for steadier, cash-generative businesses after ADP recently reinforced its liquidity position.

Details:

ADP said it will report fourth-quarter fiscal 2026 results on July 29, giving investors a near-term catalyst after a relatively quiet stretch of company news.

Stifel recently raised its price target to $260 while keeping a Hold rating, pointing to a more favorable outlook for float income and expectations for solid fourth-quarter results.

Wells Fargo also raised its target to $248 in July after earlier upgrading the shares, reflecting a more balanced view of risk and reward as operating trends stabilize.

ADP previously lifted its fiscal 2026 outlook after third-quarter results, and a late-June SEC filing showed it renewed major revolving credit facilities totaling $9.2 billion, which supports liquidity and financial flexibility.

Sources:

ADP Investor Relations, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ADP Insider Trading Activity

$ADP insiders have traded $ADP stock on the open market 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.

Here’s a breakdown of recent trading of $ADP stock by insiders over the last 6 months:

CHRISTOPHER D'AMBROSIO (Corp. VP) has made 0 purchases and 4 sales selling 2,172 shares for an estimated $477,248.
BRIAN L. MICHAUD (Executive VP) sold 1,000 shares for an estimated $234,180
DAVID KWON (Corp VP) sold 806 shares for an estimated $213,428
DAVID FOSKETT (Corp. VP) sold 266 shares for an estimated $63,042

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$ADP Hedge Fund Activity

We have seen 821 institutional investors add shares of $ADP stock to their portfolio, and 1,183 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 9,147,649 shares (+378.9%) to their portfolio in Q1 2026, for an estimated $1,858,619,323
MORGAN STANLEY removed 3,954,127 shares (-38.2%) from their portfolio in Q1 2026, for an estimated $803,399,523
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO removed 3,409,198 shares (-98.3%) from their portfolio in Q1 2026, for an estimated $692,680,849
BANK OF NEW YORK MELLON CORP removed 3,159,058 shares (-49.3%) from their portfolio in Q1 2026, for an estimated $641,857,404
FIRST EAGLE INVESTMENT MANAGEMENT, LLC added 2,849,784 shares (+inf%) to their portfolio in Q1 2026, for an estimated $579,019,113
WELLINGTON MANAGEMENT GROUP LLP added 2,729,882 shares (+37.0%) to their portfolio in Q1 2026, for an estimated $554,657,424
MITSUBISHI UFJ ASSET MANAGEMENT CO., LTD. removed 1,906,099 shares (-65.1%) from their portfolio in Q1 2026, for an estimated $387,281,194

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ADP Congressional Stock Trading

Members of Congress have traded $ADP stock 7 times in the past 6 months. Of those trades, 2 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $ADP stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 06/16 and 1 sale worth up to $15,000 on 04/14.
REPRESENTATIVE JARED MOSKOWITZ has traded it 3 times. They made 0 purchases and 3 sales worth up to $45,000 on 03/23.
REPRESENTATIVE RICHARD MCCORMICK has traded it 2 times. They made 1 purchase worth up to $15,000 on 03/19 and 1 sale worth up to $15,000 on 03/19.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$ADP Analyst Ratings

Wall Street analysts have issued reports on $ADP in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

JP Morgan issued a "Underweight" rating on 01/29/2026

To track analyst ratings and price targets for $ADP, check out Quiver Quantitative's $ADP forecast page.

$ADP Price Targets

Multiple analysts have issued price targets for $ADP recently. We have seen 10 analysts offer price targets for $ADP in the last 6 months, with a median target of $246.0.

Here are some recent targets:

Jason Kupferberg from Wells Fargo set a target price of $248.0 on 07/09/2026
David Grossman from Stifel set a target price of $260.0 on 07/08/2026
Bryan C. Bergin from TD Cowen set a target price of $223.0 on 07/06/2026
David Coleman from Argus Research set a target price of $240.0 on 05/05/2026
Bryan Keane from Citigroup set a target price of $230.0 on 04/30/2026
Kevin Mcveigh from UBS set a target price of $218.0 on 04/30/2026
Ramsey El-Assal from Cantor Fitzgerald set a target price of $244.0 on 04/21/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.