Automatic Data Processing Inc. (ADP) has witnessed various share transactions by top-tier assets management groups like Compass Capital, Argent Capital, Hennion & Walsh, and Cornerstone Wealth Group. While some firms increased their holdings, others notably reduced their stakes.
ADP's performance in Q3 and Q4 FY24 was praiseworthy, beating analysts' revenue and earnings estimates. Several analysts view
ADP as a strong investment, setting its new 52-week high at $269.50 and setting a price target as high as $310.00. Ratings for the company have been toggling between 'buy' and 'hold' based on its performance and projections.
Dividend growth remains one of the key attractions of ADP as the company continues its regular quarterly dividend. The quarterly earnings in 2024 had outperformed expectations contributing to a robust financial position. However, the projections for the company's 2025 EPS Estimates have been slightly lowered. Insider selling by Maria Black added a bearish sentiment. ADP seems to be using debt sensibly, and the company's performance appears directly linked to its attractive financial prospect.
Automatic Data Processing ADP News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Sun, 25 Aug 2024 20:44:16 GMT -
Rating 7
- Innovation 3
- Information 5
- Rumor 0
