Investment in
Automatic Data Processing (NASDAQ: ADP) showed optimistic results with company
exceeding Q1 2025 earnings and revenue estimates. The company also demonstrated a
15% CAGR for shareholders over the last five years. There's budding
institutional interest in the company, with the majority of shares being institutionally owned. The
dividend growth of ADP is being lauded, with a hike in the amount from the previous year to $1.54 and it has been rated among the
best dividend growth stocks to buy and hold onto until 2025. Despite the
significant increase in short interest, the market seems confident in the company's performance resulting in
increase in share prices. The company indicates a shift to paperless systems with the
IRS-mandated reenrollment required for all employees as there is a transition to ADP. Observations hint at a possibility for ADP's
stocks appearing undervalued. A warning against
underestimating the threat of AI to ADP has been issued. But, the
acquisition of WorkForce Software has led to strong forecasts and raised the annual revenue growth expectations.
Automatic Data Processing ADP News Analytics from Wed, 03 Apr 2024 07:00:00 GMT to Sat, 04 Jan 2025 04:24:45 GMT -
Rating 9
- Innovation 6
- Information 9
- Rumor -3
