Banco Santander S.A. and Pacer Advisors Inc. have established positions in Automatic Data Processing, Inc. (NASDAQ: ADP), while LPL Financial LLC and BNP Paribas Asset Management Holding S.A. have increased their holdings significantly. Several financial advisory firms, including Icon Wealth Advisors, CFS Investment Advisory Services, and Charles Schwab Investment Management, have also acquired shares. Automatic Data Processing has a strong predictability rank with a sizable institutional ownership of 82%. It's been viewed as a robust dividend growth stock and its Q1 2025 earnings call highlighted strong revenue and EPS. Automatic Data Processing has beaten Q1 earnings and revenue estimates. Additionally, analysts suggest that it's undervalued and present a growth opportunity in EPS. The company recently raised its annual revenue growth forecast following the WorkForce Software acquisition and had a leadership transition with key changes announced. However, there's some caution around the threat of AI and some firms like Strategy Asset Managers LLC have decreased their stake while the Zacks Research issued a pessimistic estimate for its earnings.
Automatic Data Processing ADP News Analytics from Thu, 18 Apr 2024 07:00:00 GMT to Sat, 23 Nov 2024 12:20:36 GMT -
Rating 8
- Innovation 5
- Information 9
- Rumor 0
