Automatic Data Processing Inc. (ADP) has been the focus of recent investment news. Consideration should be given to insider sales, specifically
President & CEO Maria Black who sold a notable amount of shares. In addition, reports indicate a deceleration in job growth, which could impact ADP. Despite this, ADP surpassed
analyst revenue and earnings estimates for Q3 FY24.
Oak Thistle LLC and
Natixis Advisors LLC have both grown their stock holdings in ADP. There has been a mixed reaction from analysts; some view the company as underperforming while others highlight the
87% gain for shareholders over the past five years. The company has been identified as a good dividend growth stock to buy, but has a mixed share price outlook. Moves to acquire and expand are noted as positive, however rising expenses might provide operational risk. ADP has a significant institutional ownership, holding 81% of the shares.
Strategy Asset Managers LLC and
Bailard Inc. among others have increased investment in ADP. Mixed sentiments persist about ADP's use of debt, with one take stating it's quite sensible. AI upgrade with ADP Assist is viewed as positive innovation. Full-year results and earnings reviews project a positive outlook for the company despite some concerns over the slow down in private sector employment.
Automatic Data Processing ADP News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sun, 08 Sep 2024 12:59:22 GMT -
Rating 5
- Innovation 3
- Information 6
- Rumor -2
