Automatic Data Processing Inc is a provider of human resources tools and services based in New Jersey, U.S. It provides both digital platforms and mobile solutions to solve HR tasks. It also has open architecture applications that can be integrated into the existing software and enterprise resource planning (ERP) of a company.
ADP is a global provider of cloud-based HCM (human capital management) that include tax, payroll, talent, HR, time and benefits administration while also being one the leading companies providing business outsourcing services, compliance expertise and analytics. ADP National Employment Report is a monthly report that tracks nonfarm private employment level in the U.S. Its data is used by experts for fundamental analysis of the U.S. economy and may affect stocks of various American companies.
Traders and investors should carefully analyse financial statements of ADP and recent employment statistics. Various new companies and services providing freelance and workforce management software or online solutions emerge in the market that may compete with the ADP tools. It's important to keep track of those companies and follow the latest trends in the industry.
New types of products created by ADP and the news of it entering new markets could indicate a bullish trend for the price of ADP stock. On the other hand, increasing competition and the use of other HR services, including emerging ones, might negatively affect the ADP rate.
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Sell | 275.94 |
Buy | 275.97 |
Sentiment | 100% ▴ |
1-day change | 14.28(5.46%) |
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#ADP is a ticker of Automatic Data Processing, Inc. The serious growth of ADP is a consequence of the competitive advantage, which lies in the scale and excellent reputation among its customers. This gives confidence to investors. The company's ordinary shares are traded on the NASDAQ stock exchange.
For 15 years in a row, ADP has been included in the list of the most successful and popular companies in the world according to Fortune magazine. Over the decade, ADP has received many significant national awards for the best personnel solutions, technological innovations, and corporate responsibility. The company owns a research institute that analyzes current trends in the labor market.
The ADP has the resources to work with multinational companies. ADP is the largest publicly traded HCM business in the world. The company's reputation adds a competitive advantage. Another quality that ADP possesses, which makes it an attractive long-term dividend investment, is a recession-resistant business model. ADP is one of the Dividend Aristocrats members. This company has been increasing its dividends annually for more than 40 years in a row. This protected ADP well from the destructive effects of the deep recession the United States faced in 2008-2009.
The future rate of ADP shares is a function of profit and dividend growth, together with changes in the company's valuation. Continued employment growth and the expansion of the regulatory environment for businesses are key long-term catalysts for ADP growth. On December 29, 2021, ADP stock price hit its all-time high of $248.01.
The ADP has operations covering more than 100 countries around the world. This makes it safe to predict that the stock price of the ADP is likely to see additional growth. The company plans more acquisitions, as well as expansion into other industries.