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Automatic Data Processing (ADP) has an average rating of hold and mean price target of $258.29, according to analysts polled by FactSet.Price: $210.78, Change: $+11.61, Percent Change: +5.83%
Technology stocks were rising pre-bell Wednesday, with the State Street Technology Select Sector SPDR Fund (XLK) advancing by 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) up 2.8%.Seagate Technology Holdings (STX) stock was up more than 14% after the company posted higher fiscal Q3 non-GAAP earnings and revenue, and issued fiscal Q4 outlook above analysts' estimates.Automatic Data Processing (ADP) shares were up more than 3% after the company reported higher fiscal Q3 adjusted earnings and revenue, and raised its 2026 outlook.United Microelectronics (UMC) shares were up more than 8% after the company posted higher Q1 earnings and operating revenue.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Automatic Data Processing (ADP) delivered strong Q3 FY 26 (Jun.) results with adjusted EPS of $3.37 (+10% Y/Y, +2% vs. consensus) and total revenues of $5.9B (+7% Y/Y), beating expectations by $90M. The outperformance was supported by effective operational execution and growing higher-yielding client fund investment contributions. The client funds strategy emerged as the dominant earnings catalyst, with interest on funds surging 14% to $404M, owing to 9% growth in average balances to $48.3B and 10 bps yield improvement to 3.3%. Consolidated adjusted EBIT increased 10% to $1.8B with margin expansion of 80 bps to 30.2%, though segment performance varied with Employer Services achieving strong margin gains. U.S. pays per control growth held steady at +1%, reflecting persistent corporate hiring restraint amid macroeconomic uncertainty. We believe ADP's diversified client base of over 1.1M companies provides meaningful protection against concentrated exposure risks.
Automatic Data Processing (ADP) is expected to post a modest beat, with the company reiterating its fiscal 2026 guidance, when it reports its fiscal Q3 results on Wednesday, RBC Capital Markets said in a research note.RBC is modeling fiscal Q3 total revenue growth of 5.6% year-on-year to $5.86 billion, compared with consensus of 5.4% growth to $5.85 billion. Quarterly earnings per share are expected to be $3.36, versus the consensus estimate of $3.29, RBC said in the preview emailed on Tuesday.Automatic Data Processing should continue to see tailwinds from broad-based strength in Employer Service bookings across international, US enterprise, and compliance businesses, RBC said.Pays per Control is expected to remain stable near 0% to 1%, slightly beating the flattish outlook, while retention should decline about 20 basis points, consistent with the mid-point of the company's fiscal 2026 guidance, according to RBC.RBC maintained its sector perform rating with a price target of $290 on Automatic Data Processing.Price: $200.12, Change: $+2.89, Percent Change: +1.47%
Automatic Data Processing (ADP) has an average rating of Hold and mean price target of $262.71, according to analysts polled by FactSet.Price: $190.75, Change: $+1.96, Percent Change: +1.04%
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