With an annual dividend yield of 3.09%, Automatic Data Processing, Inc. (NASDAQ:ADP) is included among the 12 Best Dividend Stocks to Invest in According to Hedge Funds.
Automatic Data Processing, Inc. (NASDAQ:ADP) is a comprehensive global provider of cloud-based human capital management (HCM) solutions that unite HR, payroll, talent, time, tax and benefits administration, and is a leader in business outsourcing services, analytics, and compliance expertise
On May 18, Wells Fargo upgraded Automatic Data Processing, Inc. (NASDAQ:ADP) from ‘Underweight’ to ‘Equal Weight’, while assigning the stock a price target of $214. Wells Fargo believes that ADP offers a better risk/reward profile at current levels, given the “modest improvement” in the company’s fundamentals and its year-to-date share price weakness. The analyst firm is of the view that while the recent concerns surrounding AI “are not completely unfounded, they are likely overdone”.
Automatic Data Processing, Inc. (NASDAQ:ADP) posted strong results for its Q3 2026 last month, exceeding estimates in both profits and revenue. The company delivered 7% revenue growth, 80 basis points of adjusted EBIT margin expansion, and 10% adjusted EPS growth compared to the year-ago period. Moreover, ADP raised its guidance for FY 2026.