Do Wall Street Analysts Like Automatic Data Processing Stock?

Headquartered in Roseland, New Jersey, Automatic Data Processing, Inc. (ADP) provides human capital management solutions. With a market cap of $110.25 billion, ADP is recognized for its comprehensive services in payroll processing, human resources management, and employee benefits administration. The company’s innovative approach to workforce management and business solutions enables organizations to streamline operations, enhance productivity, and focus on their core business objectives, helping to shape the future of work and employee engagement across various industries.

Shares of ADP have underperformed the broader market over the past year. The stock has gained 8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27%. In 2024, the stock is up 15.6%, while the SPX has gained 16.8% on a YTD basis.