Automatic Data Processing (ADP)

• Market cap: $122B
• 1 day: -1.51%
• 5 days: 1.11%
• 1 month: -4.55%
• 3 months: 2.68%
• 6 months: 8.71%
• Year to date: 3.86%
• 1 year: 20.46%
• 5 years: 118.28%
• 10 years: 250.25%
• Sector: Information Technology
• Industry: Computer Processing & Data Preparation

About: Automatic Data Processing is a global technology company providing cloud-based human capital management solutions enabling clients to better implement payroll, talent, time, tax, and benefits administration. Additionally, ADP provides human resource outsourcing solutions that allow customers to offload some of their traditional HR tasks. The company operates through two segments: employer services and the professional employer organization services. Employer services consists of the company's HCM products as well as a la carte HRO solutions. PEO services contains ADP's comprehensive HRO solution where it acts as a co-employer with its customer. As of fiscal 2024, ADP serves over 1.1 million clients and pays over 42 million workers across 140 countries.

Employees: 64,000

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

246% more first-time investments, than exits

New positions opened: 277 | Existing positions closed: 80

24% more call options, than puts

Call options by funds: $681M | Put options by funds: $550M

14% more funds holding in top 10

Funds holding in top 10: 71 [Q3] → 81 (+10) [Q4]

9% more capital invested

Capital invested by funds: $91.2B [Q3] → $99B (+$7.77B) [Q4]

6% more funds holding

Funds holding: 2,203 [Q3] → 2,346 (+143) [Q4]

0.21% more ownership

Funds ownership: 80.67% [Q3] → 80.88% (+0.21%) [Q4]

10% less repeat investments, than reductions

Existing positions increased: 779 | Existing positions reduced: 869

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $305 1% upside
• Avg. target: $324 8% upside
• High target: $350 16% upside

4 analyst ratings

• positive: 1 25%
• neutral: 3 75%
• negative: 0 0%

UBS Kevin Mcveigh 29% 1-year accuracy 4 / 14 met price target	8% upside $324	Neutral Maintained	4 Mar 2025
Barclays Ramsey El-Assal 51% 1-year accuracy 32 / 63 met price target	16% upside $350	Overweight Maintained	3 Feb 2025
RBC Capital Ashish Sabadra 75% 1-year accuracy 38 / 51 met price target	5% upside $315	Sector Perform Reiterated	30 Jan 2025
Jefferies Samad Samana 33% 1-year accuracy 6 / 18 met price target	1% upside $305	Hold Maintained	30 Jan 2025