Is ADP a good stock to buy? We came across a bullish thesis on Automatic Data Processing, Inc. on Contrarian Indicator's Substack by Cameron Fen. In this article, we will summarize the bulls' thesis on ADP. Automatic Data Processing, Inc.'s share was trading at $253.31 as of July 16th. ADP's trailing and forward P/E were 23.93 and 21.10 respectively according to Yahoo Finance.
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Automatic Data Processing, Inc. provides cloud-based human capital management (HCM) solutions worldwide. ADP's latest quarter delivered a 14% increase in client-funds interest and 80 basis points of adjusted margin expansion, but with the shares already above the original $250 bull target, investors must decide whether they are buying a durable improvement in the payroll franchise or capitalizing a temporary lift from interest rates and a labor market that has not yet cracked.
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Copyright: welcomia / 123RF Stock Photo
Automatic Data Processing, Inc. provides cloud-based human capital management (HCM) solutions worldwide. ADP's latest quarter delivered a 14% increase in client-funds interest and 80 basis points of adjusted margin expansion, but with the shares already above the original $250 bull target, investors must decide whether they are buying a durable improvement in the payroll franchise or capitalizing a temporary lift from interest rates and a labor market that has not yet cracked.
Read More: 15 AI Stocks That Are Quietly Making Investors Rich
Read More: Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential
10 days ago
