Automatic Data Processing Inc stock rises Thursday, still underperforms market

The company benefits from a strong business model, high recurring revenues, good margins, robust client retention and low capital expenditure. It has a strong cash-generating ability that allows it to pursue growth in areas that exhibit true potential. Advanced data integration and unified workflow experience simplifies complex HR processes for companies of all sizes ROSELAND, N.J.

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• Top institutional shareholders include Bank Julius Baer & Co.
• There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock.
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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. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar https://1investing.in/ Index (Market Barometer) quotes are real-time. This site is protected by reCAPTCHA and the Google
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Automatic Data Processing (ADP) Stock Forecast, Price & News

There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

According to NAWBO’s most recent survey, nearly 92% of women-owned businesses are microbusinesses, businesses with fewer than 25 employees . WASHINGTON , May 8, 2023 /PRNewswire/ — Today, the Nationa… The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. One share of ADP stock can currently be purchased for approximately $248.29. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

ADP earnings call for the period ending December 31, 2020. ADP earnings call for the period ending March 31, 2021. ADP earnings call for the period ending September 30, 2021. Find out what caused a blowout move higher for the markets.

Automatic Data Processing saw a decrease in short interest during the month of August. As of August 31st, there was short interest totaling 3,990,000 shares, a decrease of 9.9% from the August 15th total of 4,430,000 shares. Based on an average daily volume of 1,560,000 shares, the short-interest ratio is presently 2.6 days. Approximately 1.0% of the shares of the company are sold short. Style is an investment factor that has a meaningful impact on investment risk and returns.

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Earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, delivering an average beat of 3.1%. The consensus mark for fiscal 2024 earnings has moved 1.9% north in the past 60 days. Reliable payout growth and readiness for the future are just as important as a stock’s current dividend yield. This under-the-radar stock has grown its dividend every year for decades, and its returns crushed the market.

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It is expanding its international HCM and HRO businesses with established local, in-country software solutions and cloud-based multi-country solutions. Automatic Data Processing Inc. said Wednesday it was increasing its quarterly dividend by 20.2%, to $1.25 a share from $1.04 a share. The human resources outsourcing company new dividend will be payable Jan. 1 to sharehol…

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Through these initiatives, the company continues to innovate, improve operations, expand margins and enhance innovation abilities. Not all stocks are subject to market-wide weakness, as their underlying companies are reliably resilient. Shares of Automatic Data Processing Inc. ( ADP , Financial) have fallen more than 14% since the last time I looked at the stock at the end of last year. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season.

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

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Morningstar analysts hand-select direct competitors or comparable companies to
provide the term intrapreneur was coined by context on the strength and durability of ADP’s
competitive advantage.

Automatic Data Processing’s stock is owned by a number of institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (10.83%), BlackRock Inc. (8.22%), State Street Corp (4.36%), Geode Capital Management LLC (2.26%), Bank of New York Mellon Corp (2.23%) and Alliancebernstein L.P.

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Automatic Data Processing is expected to publish its Q4 FY’23 earnings on July 26, reporting on a period that saw the U.S. job market remain reasonably strong. These three stocks are entering their strongest and most profitable periods of seasonality. The scores are based on the trading styles of Value, Growth, and Momentum.

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A number of analysts have recently weighed in on the company. Robert W. Baird increased their price target on Automatic Data Processing from $235.00 to $270.00 in a research report on Thursday, July 27th. StockNews.com lowered Automatic Data Processing from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Mizuho raised their target price on Automatic Data Processing from $255.00 to $285.00 and gave the company a “buy” rating in a research note on Thursday, August 17th.

This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return.

Zacks.com featured highlights include Hubbell, Caterpillar, A.O. Smith and Automatic Data Processing

This represents a $5.00 annualized dividend and a dividend yield of 2.01%. Automatic Data Processing’s dividend payout ratio (DPR) is 60.98%. ADP has invested heavily over the past decade to develop public cloud native solutions and consolidate its portfolio of disparate platforms. Automatic Data Processing declared a quarterly dividend on Thursday, August 3rd. Shareholders of record on Friday, September 8th will be given a dividend of $1.25 per share on Sunday, October 1st.

Senior investors who want relatively stress-free income and income growth may want to make these names a part of their portfolio. Industrial stocks might not be the most exciting positions to own, but they play a vital role in any well-rounded portfolio. Most employees in the U.S. likely know the ADP brand name as it likely shows up on their paycheck every two weeks. Although the payroll services market is still highly fragmented, the largest in that …