If you have ever wondered whether Automatic Data Processing (ADP) is fairly priced or offering value right now, this article is designed to walk you through that question step by step.
The stock last closed at US$257.87, with a 1% decline over the past week, a broadly flat 30 day return of 0.1%, a 2% gain year to date, a 11.3% decline over the last year, and returns of 24.8% and 73.3% over the past 3 and 5 years respectively.
Recent headlines around ADP have focused on its role as a core payroll and HR services provider in the US, as investors reassess how dependable cash flows and recurring revenue models fit into their portfolios. These themes help frame why the share price has been relatively steady in the short term while still…
