Various financial firms have reported buying and selling of
Automatic Data Processing, Inc. (NASDAQ:ADP) shares. The company secured a
$3.5 billion five-year credit agreement and showed
strong performance in Q2 and Q3 earnings, surpassing analyst's expectations. Generally, the
dividend yield of ADP is considered a reliable source of income, yielding about
2.2%. However, despite gains ADP's performance has lagged behind the broader market, its stock price also showed a drop of 3.5%.
Rumored cracks in the foundation of ADP have been mentioned but gains made the situation optimistic. With
81-82% of its shares held by institutional owners, ADP shows dominance. The strategic SWOT insight into ADP shows it has utilized its debt sensibly. The expectation for earnings growth for ADP in 2025 reportedly shows slowing trend.
AI technology integration in ADP services and the strong U.S. labor market are beneficial factors.
Share price seemed overpriced, affecting its popularity with investors.
Automatic Data Processing ADP News Analytics from Tue, 17 Oct 2023 07:00:00 GMT to Sun, 30 Jun 2024 20:03:58 GMT -
Rating 3
- Innovation 6
- Information 7
- Rumor -2
