Fintel reports that on May 18, 2026, Wells Fargo upgraded their outlook for Automatic Data Processing (NasdaqGS:ADP) from Underweight to Equal-Weight.
Analyst Price Forecast Suggests 12.30% Upside
As of May 14, 2026, the average one-year price target for Automatic Data Processing is $250.41/share. The forecasts range from a low of $191.90 to a high of $320.25. The average price target represents an increase of 12.30% from its latest reported closing price of $222.98 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Automatic Data Processing is 21,224MM, a decrease of 1.74%. The projected annual non-GAAP EPS is 11.26.
What is the Fund Sentiment?
There are 2,317 funds or institutions reporting positions in Automatic Data Processing. This is an decrease of 922 owner(s) or 28.47% in the last quarter. Average portfolio weight of all funds dedicated to ADP is 0.27%, an increase of 24.73%. Total shares owned by institutions increased in the last three months by 3.06% to 383,071K shares. 
The put/call ratio of ADP is 0.98, indicating a bullish outlook.
What are Other Shareholders Doing?
Vanguard Capital Management holds 26,151K shares representing 6.54% ownership of the company.
Geode Capital Management holds 11,993K shares representing 3.00% ownership of the company. In its prior filing, the firm reported owning 11,577K shares , representing an increase of 3.47%. The firm decreased its portfolio allocation in ADP by 55.90% over the last quarter.
Charles Schwab Investment Management holds 11,562K shares representing 2.89% ownership of the company. In its prior filing, the firm reported owning 2,414K shares , representing an increase of 79.12%. The firm increased its portfolio allocation in ADP by 182.32% over the last quarter.
Vanguard Portfolio Management holds 11,052K shares representing 2.76% ownership of the company.
Wellington Management Group Llp holds 10,104K shares representing 2.53% ownership of the company. In its prior filing, the firm reported owning 7,375K shares , representing an increase of 27.02%. The firm decreased its portfolio allocation in ADP by 83.64% over the last quarter.
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This story originally appeared on Fintel.
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