Automatic Data ProcessingADP
About: ADP is a provider of payroll and human capital management solutions servicing the full scope of businesses from micro to global enterprises. ADP was established in 1949 and serves over 1 million clients primarily in the United States. ADP's employer services segment offers payroll, human capital management solutions, human resources outsourcing, insurance and retirement services. The smaller but faster-growing professional employer organization segment provides HR outsourcing solutions to small and midsize businesses through a co-employment model.
Employees: 64,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
87% more first-time investments, than exits
New positions opened: 189 | Existing positions closed: 101
35% more capital invested
Capital invested by funds: $81.8B [Q2] → $110B (+$28.4B) [Q3]
13% more funds holding in top 10
Funds holding in top 10: 63 [Q2] → 71 (+8) [Q3]
3% more funds holding
Funds holding: 2,134 [Q2] → 2,192 (+58) [Q3]
2.88% less ownership
Funds ownership: 83.23% [Q2] → 80.36% (-2.88%) [Q3]
11% less repeat investments, than reductions
Existing positions increased: 760 | Existing positions reduced: 854
20% less call options, than puts
Call options by funds: $623M | Put options by funds: $779M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Mizuho Dan Dolev 75% 1-year accuracy 33 / 44 met price target | 4%upside $310 | Outperform Maintained | 4 Nov 2024 |
Barclays Ramsey El-Assal 63% 1-year accuracy 32 / 51 met price target | 9%upside $325 | Overweight Maintained | 4 Nov 2024 |
TD Cowen Bryan Bergin 90% 1-year accuracy 27 / 30 met price target | 4%downside $285 | Hold Maintained | 1 Nov 2024 |
RBC Capital Ashish Sabadra 75% 1-year accuracy 44 / 59 met price target | 6%upside $315 | Sector Perform Maintained | 31 Oct 2024 |
Financial journalist opinion
Based on 18 articles about ADP published over the past 30 days
