Automatic Data Processing (ADP) has been putting on a strong performance, with a surge in
new bookings leading analysts to initiate coverage of the stock with a
'Buy' rating. The company has seen consistent
revenue growth, a positive sign for investors. The
Dividend Aristocrats also perceive ADP positively due to their solid
2.05% Dividend Yield. In addition, ADP's
employment report for March showed an increase of 155,000 jobs, exceeding market expectations - a remarkable achievement with a possible positive impact on its stock performance. With their third-quarter financial results set to be announced on
April 30, 2025, market anticipation is high. Notably, the company has had a robust track record with investors seeing
stellar returns of 134% over the past five years. Its stock performance reflects the company's overall financial health. Interestingly, the stock is
dominated by institutional owners, having an 82% to 83% ownership of the shares. Finally, debt utilization appears to be sensible and investment in the company remains a viable option given these trends.
Automatic Data Processing ADP News Analytics from Fri, 14 Jun 2024 07:00:00 GMT to Fri, 04 Apr 2025 09:36:00 GMT -
Rating 7
- Innovation 6
- Information 9
- Rumor -5
