Automatic Data Processing, Inc. (NASDAQ:ADP) is making notable strides in the market, touching new 12-month highs and showing potential undervaluation. Its consistent performance over the past 20 years has resulted in significant returns for investors. The company has been delivering steady quarterly earnings, exceeding estimates due to a strong job market that demands payroll services. Plans for ADP to acquire
WorkForce Software for $1.2B signal the potential for growth. However, investors must be aware of the possible threat of AI to its operations. Strong institutional backing is present with an 82% ownership. There is increased institutional and corporate buying/selling activity, including insider sales by notable figures like President & CEO Maria Black. Reports indicate Q3 and Q4 earnings beat estimates. The September employment report showcased a boost with private sector employment increasing by 143,000 jobs and annual pay up by 4.7%. Being listed as one of the
Dividend Aristocrats, it promises reliable income, and the company has announced regular quarterly dividends. However, there's slowing 2025 earnings growth and some analysts see potential risks in its share price. There is positive consensus on the company's performance citing tech-driven growth and solid fiscal 2025 guidance.
Automatic Data Processing ADP News Analytics from Mon, 05 Feb 2024 08:00:00 GMT to Sat, 12 Oct 2024 13:13:39 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor 2
