Automatic Data Processing, Inc. (ADP) has seen a flurry of activity recently with various financial entities either increasing or decreasing their stakes in the company. This has been accompanied by discussions around the company's earnings and dividend announcements. Positive signs include a noteworthy 80% return on investment over the past five years, with the stock's Compound Annual Growth Rate (CAGR) in the last five years also standing at a resilient 15%. Furthermore, ADP boasts a strong institutional ownership of 82%, making it a preferred investment among the 'big guns'. Analyst sentiment remains mixed with some attributing ADP as a leading dividend growth stock and worthy investment, while others have downgraded their ratings. Notable transactions include Running Oak Capital LLC who hold a $14.51 million stake, AEGON ASSET MANAGEMENT UK Plc with a $78.17 million stake and Janney Montgomery Scott LLC with $56.52 million holdings. Meanwhile, Q2 earnings are expected which could be an important catalyst for the future direction of the stock.
Automatic Data Processing ADP News Analytics from Thu, 18 Apr 2024 07:00:00 GMT to Sat, 25 Jan 2025 15:00:40 GMT -
Rating 7
- Innovation 3
- Rumor -8
