Skip to Content
Morningstar

ADP’s Wide Moat May Be Under Threat

The firm’s competitive positioning is eroding, leading us to cut our fair value estimate and stewardship ratings.

We are increasingly concerned about

Morningstar Premium Members gain exclusive access to our full analyst reports, including fair value estimates, bull and bear breakdowns, and risk analyses. Not a Premium Member? Get this and other reports immediately when you try Morningstar Premium free for 14 days.

More in Stocks

About the Author

Colin Plunkett

Equity Analyst
More from Author

Colin Plunkett, CFA, is an equity analyst for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers banks and financial technology firms.

Before joining Morningstar in 2016, Plunkett was an equity research analyst for First Trust Portfolios. Previously, he worked in operations for Northern Trust and as a financial advisor for Merrill Lynch.

Plunkett holds a bachelor’s degree in business administration from Marquette University and a master’s degree in international accounting and finance from Cass Business School. He also holds the Chartered Financial Analyst® designation.

Sponsor Center