Streetbeat News

ADP

Automatic Data Processing, Inc.

https://www.adp.com

Industry

Staffing & Employment Services

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, 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 solutions to small and mid-sized businesses through a co-employment model. This segment offers benefits package, protection and compliance, talent engagement, expertise, comprehensive outsourcing, and recruitment process outsourcing services. The company was founded in 1949 and is headquartered in Roseland, New Jersey.

Open

297.64

Mkt cap

121B

Volume

979K

High

299.84

P/E Ratio

31.86

52-wk high

309.37

Low

296.95

Div yield

0.02

52-wk low

227.12

Automatic Data Processing (NASDAQ:ADP) has delivered an average annual return of 9.3% over the past 20 years, outperforming the market by 1.81% on an annualized basis. A $100 investment in ADP 20 years ago would be worth $593.76 today. ADP's market capitalization currently stands at $95.07 billion.

Portfolio Pulse from Benzinga Insights

November 23, 2023 | 2:00 pm

Automatic Data Processing (NASDAQ:ADP) is analyzed against competitors in the Professional Services industry. ADP shows favorable growth potential with a PE ratio slightly below the industry average, a low PB ratio suggesting undervaluation, but a high PS ratio indicating potential overvaluation. ADP's ROE is significantly above the industry average, and its EBITDA, gross profit, and revenue growth are strong. The company's lower debt-to-equity ratio compared to top peers suggests a solid financial position.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 4:00 pm

Automatic Data Processing (NYSE:ADP) has seen a decrease in short interest, with the short percent of float dropping 4.63% since the last report. The company has 4.24 million shares sold short, representing 1.03% of available shares. The average time to cover these short positions is 2.28 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. ADP's short interest is below its peer group average of 5.81%.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 1:15 pm

The article provides a comprehensive comparison of Automatic Data Processing (ADP) with its competitors in the Professional Services industry. ADP's P/E ratio of 26.4 is significantly below the industry average, suggesting undervaluation. The P/B ratio of 26.32 is also lower than the industry average, indicating potential undervaluation. However, the P/S ratio of 5.29 surpasses the industry average, indicating possible overvaluation. ADP's ROE of 24.62% is above the industry average, indicating efficient use of equity. The company's EBITDA and gross profit are also higher than the industry average, indicating strong profitability and robust cash flow generation. ADP's revenue growth of 5.79% surpasses the industry average.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 4:00 pm

UBS analyst Kevin Mcveigh has initiated coverage on Automatic Data Processing (NASDAQ:ADP) with a Neutral rating and a price target of $235.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 2:29 pm

Benzinga's options activity scanner has identified significant options activity in the Industrials sector. Notable trades include bullish put options for LUV and LMT, bearish call options for UPS, and neutral put options for ADP. The total cost received by the writing parties for these trades ranged from $26.6K to $1.2 million.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 5:35 pm

The stock market has just finished a three consecutive month losing streak, the longest since the pandemic. However, historical data shows that the stock market usually goes up in November after a three-month losing streak. The U.S. Department of the Treasury is offering $112 billion of Treasury securities, which is better than expectations and is bringing in buyers in the stock market. Employment Change data from Automatic Data Processing Inc indicates a strong jobs picture. WeWork Inc is filing for bankruptcy. Advanced Micro Devices, Inc. reported worse than expected earnings, but investors are buying the stock due to excitement about its AI chip. Microsoft Corp is selling its AI Copilot to enterprises, which is exciting investors. Money flows are positive in Apple Inc, Amazon.com, Inc., Alphabet Inc Class C, Meta Platforms Inc, Microsoft Corp, and Tesla Inc, but negative in NVIDIA Corp. Money flows are mixed in SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1.

Portfolio Pulse from The Arora Report

November 01, 2023 | 4:13 pm

Automatic Data Processing (NASDAQ:ADP) has outperformed the market over the past 15 years, producing an average annual return of 12.72%. If an investor had bought $100 of ADP stock 15 years ago, it would be worth $596.80 today.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 4:00 pm

The article lists the top 10 trending stocks on WallStreetBets as of November 1, 2023. The stocks mentioned are NVDA, AMD, TSLA, PYPL, AAPL, PAYC, ADP, GME, QQQ, and FAT.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 1:22 pm

A significant bearish stance has been taken on Automatic Data Processing (NASDAQ:ADP) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 35% bullish and 64% bearish. The whales have been targeting a price range from $220.0 to $230.0 for ADP over the last 3 months. Morgan Stanley and Barclays have maintained their Equal-Weight and Overweight ratings on ADP, with price targets of $250 and $280 respectively.

Portfolio Pulse from Benzinga Insights

October 30, 2023 | 8:16 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.