On August 3, Automatic Data Processing Inc rose 3.01% in regular trading, trading at $272.125/share, with turnover of approximately $91.93 million. The stock gained momentum after DA Davidson raised its target price on ADP to $300 from $290, maintaining a Buy rating.

The upgrade follows ADP's fiscal Q4 earnings report released on July 29, which beat expectations on both top and bottom lines. Adjusted EPS came in at $2.64, surpassing the consensus estimate of $2.60 and representing a 16.81% year-over-year increase. Revenue reached $5.474 billion, exceeding the $5.437 billion estimate. Multiple analysts have revised targets upward post-earnings, with Cantor Fitzgerald raising its price target to $295 from $244 while maintaining an Overweight rating. RBC Capital Markets had previously noted stable client retention and bookings growth in the upper half of guidance as supportive factors.

Within the Human Resource & Employment Services sector, Trinet rose 6.15%, Paycom rose 3.86%, Paylocity gained 1.68%, Paychex added 1.43%, while Kanzhun Limited fell 1.14%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)