Automatic Data Processing (ADP) remains robust in the news due to several significant occurrences. It is reportedly acquiring
WorkForce Software for $1.2B, reinforcing its presence in the market. Despite ADP's underperformance compared to its competitors recently, the stock retains significant
institutional backing, with ownership at 82%. Meanwhile, ADP's substantial rise in
short interest indicates growing investor skepticism. Citigroup has accorded ADP a new price target of
$295.00, while analysts laud it as an ideal long-term investment. The company's latest move,
Lyric, a flexible and intelligent HR platform, unveils their commitment to further tech innovation. Despite the threat posed by AI, the company sturdily persists and thrives with their services in high demand. Investing in ADP over the past five years would have granted an 87% gain. Although the stock sees sales from key personnel, insiders' activities are monitored carefully to avert potential manipulative trading.
Dividend Aristocrat status strengthens confidence in its long-term financial prospects as it continues to meet analysts' expectations for quarterly earnings and dividends. However, a slowdown in 2025 earnings growth makes shares less attractive. Analysts forecast a formidable future and recommend ADP for income and capital gain portfolios.
Automatic Data Processing ADP News Analytics from Fri, 03 Nov 2023 07:00:00 GMT to Sun, 29 Sep 2024 06:46:57 GMT -
Rating 3
- Innovation 5
- Information 7
- Rumor 4
