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Automatic Data Processing Inc ADP

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Morningstar’s Analysis

Valuation
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Is it the right time to buy or sell?
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Automatic Data Processing Maintains Its Recent Course in Fiscal Third Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

ADP largely maintained its recent course in its fiscal third quarter, but there were some signs that recent headwinds might be starting abate, and we think the company has actually demonstrated a good level of resilience through the course of the pandemic. We will maintain our $145 fair value estimate and wide moat rating.

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Company Profile

Business Description

ADP competes in the human resources administration services industry. It provides services that satisfy companies' human resources needs, such as payroll processing and benefits administration. ADP was founded in 1949 and has its headquarters in Roseland, New Jersey.

Contact
One ADP Boulevard
Roseland, NJ, 07068
T +1 973 974-5000
Sector Industrials
Industry Staffing & Employment Services
Most Recent Earnings Mar 31, 2021
Fiscal Year End Jun 30, 2021
Stock Type Cyclical
Employees 58,000

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