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Automatic Data Processing (ADP) Stock Price, News & Analysis

$235.56
-1.35 (-0.57%)
(As of 07/5/2024 ET)
Today's Range
$233.75
$236.52
50-Day Range
$235.56
$254.02
52-Week Range
$205.53
$256.84
Volume
1.85 million shs
Average Volume
1.59 million shs
Market Capitalization
$96.41 billion
P/E Ratio
26.29
Dividend Yield
2.38%
Price Target
$255.42

Automatic Data Processing MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.4% Upside
$255.42 Price Target
Short Interest
Healthy
1.10% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.22
Upright™ Environmental Score
News Sentiment
1.01mentions of Automatic Data Processing in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.95%
From $9.16 to $9.98 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.13 out of 5 stars

Business Services Sector

46th out of 294 stocks

Data Processing & Preparation Industry

9th out of 50 stocks

ADP stock logo

About Automatic Data Processing Stock (NASDAQ:ADP)

Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions. Its offerings include payroll services, benefits administration, talent management, HR management, workforce management, insurance, retirement, and compliance services, as well as integrated HCM solutions. The PEO Services segment provides HR outsourcing solution to businesses through a co-employment model. This segment offers employee benefits, protection and compliance, talent engagement, expertise, comprehensive outsourcing, and recruitment process outsourcing services. Automatic Data Processing, Inc. was founded in 1949 and is headquartered in Roseland, New Jersey.

ADP Stock Price History

ADP Stock News Headlines

Paychex logo on smartphone screen
Why Paychex Stock's Dip is the Best Opportunity in Today's Cycle (ADP)
Shares of Paychex are down after the company released its latest set of quarterly earnings, though the evidence stacks up to show strong fundamentals
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Ex-Dividend for 7/1 Dividend
6/14/2024
Dividend Payable
7/01/2024
Today
7/06/2024
Next Earnings (Confirmed)
7/31/2024
Fiscal Year End
6/30/2025

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
Data Processing & Outsourced Services
Current Symbol
NASDAQ:ADP
CUSIP
05301510
CIK
8670
Employees
63,000
Year Founded
1949

Price Target and Rating

Average Stock Price Target
$255.42
High Stock Price Target
$282.00
Low Stock Price Target
$235.00
Potential Upside/Downside
+8.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
11 Analysts

Profitability

Net Income
$3.41 billion
Pretax Margin
25.32%

Debt

Sales & Book Value

Annual Sales
$18.01 billion
Cash Flow
$11.99 per share
Book Value
$8.49 per share

Miscellaneous

Free Float
408,227,000
Market Cap
$96.41 billion
Optionable
Optionable
Beta
0.78

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Should I Buy Automatic Data Processing Stock? ADP Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Automatic Data Processing, Inc.:

  • Automatic Data Processing has a strong track record of consistent revenue growth, indicating stability and potential for long-term returns.
  • The company's high return on equity of 93.09% showcases efficient use of shareholder funds to generate profits.
  • With a dividend yield of 2.29%, investors can benefit from a steady income stream while holding the stock.
  • Recent quarterly earnings results exceeded analyst expectations, demonstrating strong financial performance.
  • Despite a recent stock price decline, Automatic Data Processing's market cap of $100.26 billion reflects its position as a large and established player in the industry.

Cons

Investors should be bearish about investing in Automatic Data Processing, Inc. for these reasons:

  • Some analysts have issued "underperform" and "sell" ratings on the stock, indicating potential concerns about future performance.
  • The stock price has experienced recent volatility, with a 3.5% decrease in value, suggesting potential short-term risks.
  • Automatic Data Processing's P/E ratio of 27.34 may indicate the stock is currently overvalued compared to industry peers.
  • There is a debt-to-equity ratio of 0.65, which could pose risks in case of economic downturns or financial instability.
  • While the company has a solid average rating of "Hold," the average target price of $255.42 may limit significant upside potential for investors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, July 2, 2024. Please send any questions or comments about these Automatic Data Processing pros and cons to contact@marketbeat.com.

ADP Stock Analysis - Frequently Asked Questions

How have ADP shares performed this year?

Automatic Data Processing's stock was trading at $232.97 on January 1st, 2024. Since then, ADP stock has increased by 1.1% and is now trading at $235.56.
View the best growth stocks for 2024 here
.

How were Automatic Data Processing's earnings last quarter?

Automatic Data Processing, Inc. (NASDAQ:ADP) released its quarterly earnings results on Wednesday, May, 1st. The business services provider reported $2.88 earnings per share for the quarter, topping analysts' consensus estimates of $2.79 by $0.09. Automatic Data Processing's revenue was up 7.6% on a year-over-year basis.
Read the conference call transcript
.

What is Carlos A. Rodriguez's approval rating as Automatic Data Processing's CEO?

5,336 employees have rated Automatic Data Processing Chief Executive Officer Carlos A. Rodriguez on Glassdoor.com. Carlos A. Rodriguez has an approval rating of 90% among the company's employees.

Does Automatic Data Processing have any subsidiaries?

The following companies are subsidiaries of Automatic Data Processing: Celergo, Work Market, Global Cash Card, The Marcus Buckingham Company, Payroll S.A., SHPS Inc., PhyLogic Healthcare, and others.

Who are Automatic Data Processing's major shareholders?

Automatic Data Processing's top institutional investors include DNB Asset Management AS (0.04%), Neville Rodie & Shaw Inc. (0.01%), Transcend Capital Advisors LLC (0.01%) and Beese Fulmer Investment Management Inc.. Insiders that own company stock include Michael A Bonarti, Maria Black, Carlos A Rodriguez, Donald Weinstein, Deborah L Dyson, Sreenivasa Kutam, Don Mcguire, John Ayala, Joseph Desilva, James T Sperduto, David Kwon, Laura G Brown, Augusto J Blanchard, Christopher D'ambrosio, Alexander Quevedo and Stuart Sackman.
View institutional ownership trends
.

How do I buy shares of Automatic Data Processing?

Shares of ADP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Automatic Data Processing own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Automatic Data Processing investors own include Johnson & Johnson (JNJ), Cisco Systems (CSCO), Intel (INTC), Verizon Communications (VZ), Procter & Gamble (PG), AT&T (T) and AbbVie (ABBV).

This page (NASDAQ:ADP) was last updated on 7/6/2024 by MarketBeat.com Staff

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