If You Invested $100 In This Stock 10 Years Ago, You Would Have $300 Today
Portfolio Pulse from Benzinga Insights
Automatic Data Processing (NASDAQ:ADP) has delivered an average annual return of 13.33% over the past 10 years, outperforming the market by 2.84% annually. With a current market capitalization of $99.00 billion, a $100 investment in ADP 10 years ago would be worth $349.70 today. This showcases the significant impact of compounded returns on investment growth over time.
May 06, 2024 | 6:30 pm
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Automatic Data Processing has shown a strong performance over the past decade with an average annual return of 13.33%, significantly impacting long-term investment growth.
The significant average annual return of 13.33% over a decade indicates a strong performance by ADP, likely leading to positive investor sentiment and potential short-term price appreciation. The historical performance, coupled with the high market capitalization, suggests a stable investment that has consistently outperformed the market, making it an attractive asset for both current and potential investors.
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IMPORTANCE 90
RELEVANCE 100