Automatic Data Processing, Inc. (ADP) has recently experienced significant activity. They have seen shares acquired by reputable companies like Opal Wealth Advisors and QRG Capital Management. Their Q4 earnings were successful, exceeding expectations due to robust segmental performance. Other financial achievements include their quarterly dividends of $1.40, which are expected to be distributed soon. Despite the ongoing success, there was some insider selling from Maria Black. On a positive note, both Barclays and Park Avenue Securities have boosted their positions in ADP. The company has also surpassed analyst revenue and earnings estimates for Q3 FY24. Despite a few bearish outlooks, many analysts argue that ADP is a solid dividend growth stock. Concerns over slowing earnings growth for 2025 making shares less attractive have been noted. Still, ADP's recent dividend announcements and raised price targets show ongoing support for the company. To conclude, ADP holds an impressive track record for its contribution to the job market and payroll services.
Automatic Data Processing ADP News Analytics from Thu, 26 Oct 2023 07:00:00 GMT to Sun, 11 Aug 2024 16:28:55 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -4
