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• Investors may be wondering if Automatic Data Processing (ADP) is starting to look interesting at current levels, or if the price still feels rich for what you get.

• The stock last closed at US$201.28, with returns of a 0.4% decline over 7 days, a 6.4% decline over 30 days, a 20.4% decline year to date, and a 32.8% decline over 1 year, while the 3-year and 5-year returns sit at 1.1% and 20.5% respectively.

• Recent headlines around payroll and workforce management trends have kept attention on ADP, with investors weighing how demand for outsourced HR and payroll…