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Automatic Data Processing Inc - Stock Quote ADP

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Morningstar's Automatic Data Processing Inc Stock Analysis

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ADP Enjoys Resilient Revenue Retention in Q3 2022 As Labor Markets Normalize, FVE Up 3% to $228

Emma Williams Equity Analyst

Analyst Note

| Emma Williams |

We raise our fair value estimate for ADP 3% to $228 from $222 due to equal parts time value of money and a modest upgrade to medium-term forecasts following a strong fiscal 2022 third-quarter result. Our fair value estimate sits in line with the current share price. 

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Automatic Data Processing Inc's Company Profile

Business Description

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 920,000 clients primarily in the United States. ADP's employer services segment offers payroll, HCM solutions, HR outsourcing, insurance and retirement services. The smaller but faster-growing PEO segment provides HR outsourcing solutions to small and midsize businesses through a co-employment model.

One ADP Boulevard
Roseland, NJ, 07068
T +1 973 974-5000
Sector Industrials
Industry Staffing & Employment Services
Most Recent Earnings Mar 31, 2022
Fiscal Year End Jun 30, 2021
Stock Type Cyclical
Employees 56,000

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