Financial PerformanceADP's record bookings and higher-than-expected retention rates, coupled with in-line revenue and better margins, reflect the company's solid financial health.
Market PositionAnalyst believes that improved execution merits a higher relative valuation for ADP, as evidenced by recent strong retention trends and market leadership.
OutlookMaintaining company-wide revenue and EPS growth outlooks despite market challenges underscores ADP's robust business model and positive future prospects.
Bears Say
CybersecurityCybersecurity incidents and attacks could harm the business or damage its brand and reputation.
Interest RatesPotential risk from interest rate cuts and recent corporate layoff announcements remain key debates.
Market DynamicsIntensifying competition could create downward pressure on product pricing.
What was Automatic Data Processing’s price range in the past 12 months?
Automatic Data Processing lowest share price was $196.85 and its highest was $255.10 in the past 12 months.
What is Automatic Data Processing’s market cap?
Currently, no data Available
When is Automatic Data Processing’s upcoming earnings report date?
Automatic Data Processing’s upcoming earnings report date is May 01, 2024 which is in 4 days.
How were Automatic Data Processing’s earnings last quarter?
Automatic Data Processing released its earnings results on Jan 31, 2024. The company reported $2.13 earnings per share for the quarter, beating the consensus estimate of $2.099 by $0.031.
Automatic Data Processing does not currently pay dividends.
What is Automatic Data Processing’s EPS estimate?
Automatic Data Processing’s EPS estimate is $2.79.
How many shares outstanding does Automatic Data Processing have?
Automatic Data Processing has 410,790,560 shares outstanding.
What happened to Automatic Data Processing’s price movement after its last earnings report?
Automatic Data Processing reported an EPS of $2.13 in its last earnings report, beating expectations of $2.099. Following the earnings report the stock price went up 4.102%.
Which hedge fund is a major shareholder of Automatic Data Processing?
Among the largest hedge funds holding Automatic Data Processing’s share is Guardcap Asset Management Ltd. It holds Automatic Data Processing’s shares valued at 406M.
Automatic Data Processing, Inc. is one of the leading providers of cloud-based human resources management solutions worldwide. The company has two operating business segments – Employer Services and Professional Employer Organization (PEO). Under the Employer Services segment, the company provides payroll, talent management, benefits administration, workforce management, HR management, insurance, retirement, and compliance services to clients with workforces ranging from a single employee to tens of thousands of staff members across the world. Under its PEO services division, it offers HR outsourcing solutions to small and mid-sized businesses through a co-employment model.
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