Assetmark and
TD Asset Management have increased their stake in
Automatic Data Processing (ADP), a company that has provided investors with a strong return percentage over the years. The company's Q1 and Q2 earnings and revenues have consistently surpassed estimates, leading to an upgrade in the '22 view. The company has maintained a sensible debt usage, however, Cambridge Investment Research Advisors and International Assets Investment Management have sold shares. Despite the selling, ADP's stock has surpassed analyst revenue and earnings estimates in Q3 FY24, showing resilience. The company's SWOT analysis and estimated
Intrinsic Value reveal further promise. ADP is also posited as a great DGI stock and Dividend Aristocrat. Q3 earnings were in line with analyst forecasts and ADP had strong earnings growth. However, there was a drop in stock prices despite a fiscal Q1 bottom-line beat.\n\nA robust business model and strong AI technology aimed at supporting a strong U.S. labor market have powered ADP's growth. ADP's strong performance over recent years is expected to continue.
IMA Wealth Inc and
ING Groep NV have purchased a stake in ADP, bolstering the company's financial position. ADP is heavily dominated by institutional owners, indicating strong market confidence. Given the solid growth and effective use of AI technology in HR operations, ADP's outlook is positive.
Automatic Data Processing ADP News Analytics from Wed, 26 Jul 2023 07:00:00 GMT to Wed, 29 May 2024 18:35:02 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor -2
