Automatic Data Processing, Inc.’s stock price dips to $238.02, marking a 4.18% downturn

Automatic Data Processing, Inc. (ADP)

238.02 USD -10.38 (-4.18%) Volume: 2.97M

Automatic Data Processing, Inc.’s stock price stands at 238.02 USD, experiencing a dip of -4.18% this trading session with a trading volume of 2.97M, yet maintaining a positive YTD change of +2.17%, reflecting the company’s resilience in the stock market.

Latest developments on Automatic Data Processing, Inc.

Today, Automatic Data Processing Inc. saw its stock outperform competitors despite overall losses in the market. Fisher Asset Management LLC decreased its holdings in the company, while Harbor Investment Advisory LLC lifted its holdings. These moves by prominent investment firms may have contributed to the fluctuations in Automatic Data Processing‘s stock price today on the NASDAQ exchange.

Automatic Data Processing, Inc. on Smartkarma

Analysts at Baptista Research on Smartkarma have provided bullish coverage on Automatic Data Processing (ADP), highlighting the company’s strong financial performance in their latest earnings reports. In the discussion, ADP showcased a 7% revenue growth and a 14% adjusted diluted EPS growth for the third quarter of fiscal year 2024. The company also achieved record bookings in Employer Services (ES), indicating a positive outlook for the full year.

Furthermore, Baptista Research‘s analysis on ADP’s potential in Gen AI investment also painted a positive picture. In the second quarter of 2024, ADP reported a 6% revenue growth and a 9% adjusted EPS growth. The company’s small business portfolio showed robust growth, along with positive performance in the mid-market and international business segments. ADP’s Employer Services paid for control growth remained steady at 2%, with clients steadily adding employees.

A look at Automatic Data Processing, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Automatic Data Processing, Inc. is positioned for a positive long-term outlook based on the Smartkarma Smart Scores. With strong scores in Dividend, Growth, Resilience, and Momentum, the company is demonstrating stability and potential for growth in the future. The company’s focus on providing business outsourcing solutions, including human resource, payroll, tax, and benefits administration services, indicates a solid foundation for continued success.

Furthermore, Automatic Data Processing‘s high scores in Dividend and Growth suggest that the company is well-positioned to provide returns to investors while also expanding its operations. With a diverse range of solutions for various industries, including auto, truck, motorcycle, marine, and recreational vehicle dealers, Automatic Data Processing is poised to maintain its competitive edge and drive future growth.

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