ADP - Automatic Data Processing Stock

Market Summary

USD238.72-5.15

Market Closed

-2.11%

ADP Alerts

7 major insider sales recently.

ADP Stock Price

ADP RSI Chart

ADP Valuation

Market Cap

100.5B

Price/Earnings (Trailing)

29.45

Price/Sales (Trailing)

5.58

EV/EBITDA

18.78

Price/Free Cashflow

23.88

ADP Price/Sales (Trailing)

ADP Profitability

EBT Margin

23.98%

Return on Equity

88.27%

Return on Assets

5.45%

Free Cashflow Yield

4.19%

ADP Fundamentals

ADP Revenue

Revenue (TTM)

18.0B

Revenue Y/Y

8.48%

Revenue Q/Q

-9.13%

ADP Earnings

Earnings (TTM)

3.4B

Earnings Y/Y

24.17%

Earnings Q/Q

-25.54%

Price Action

52 Week Range

201.46273.37

(Low)(High)

Last 7 days

-1.6%

Last 30 days

-2.9%

Last 90 days

10.7%

Trailing 12 Months

5.5%

ADP Financial Health

Current Ratio

1

Debt/Equity

0.87

Debt/Cashflow

1.35

ADP Investor Care

Dividend Yield

1.96%

Dividend/Share (TTM)

4.79

Buy Backs (1Y)

0.96%

Diluted EPS (TTM)

8.21

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Get all data in R, Python etc through our Historical Stock Data APIs

Latest Insider Trading transactions for ADP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-09-12	Rodriguez Carlos A	acquired	8,874,820	169	52,254	executive chair
2023-09-12	Rodriguez Carlos A	sold	-12,955,400	247	-52,254	executive chair
2023-09-07	Rodriguez Carlos A	acquired	8,154,430	138	58,864	executive chair
2023-09-07	Rodriguez Carlos A	sold	-14,740,600	250	-58,864	executive chair
2023-09-06	Rodriguez Carlos A	sold	-9,852,000	251	-39,250	executive chair
2023-09-05	DeSilva Joseph	sold	-167,066	253	-658	corp vp
2023-09-05	Ayala John	sold	-3,008,970	253	-11,851	corp. vp
2023-09-05	Black Maria	sold	-752,306	253	-2,963	president & ceo
2023-09-05	Albinson Brock	sold	-405,732	253	-1,598	corp. vp
2023-09-05	Bonarti Michael A	sold	-1,293,110	253	-5,093	corporate vice president

Which funds bought or sold ADP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-09-15	CJM Wealth Advisers, Ltd.	reduced	-5.53	-42,844	593,433	0.30%
2023-09-14	IMS Capital Management	added	0.13	-21,977	1,893,110	1.05%
2023-09-13	CGC Financial Services, LLC	new	-	61,321	61,321	0.04%
2023-09-12	Farther Finance Advisors, LLC	added	8.55	14,584	217,652	0.05%
2023-09-12	DCM Advisors, LLC	unchanged	-	-5,229	404,633	0.17%
2023-09-11	Dechtman Wealth Management, LLC	new	-	202,234	202,234	0.06%
2023-09-08	TUCKER ASSET MANAGEMENT LLC	reduced	-24.19	-3,473	10,330	-%
2023-09-07	ST GERMAIN D J CO INC	new	-	2,736,390	2,736,390	0.14%
2023-09-07	JAG CAPITAL MANAGEMENT, LLC	reduced	-85.41	-2,240,180	376,923	0.04%
2023-09-05	Westshore Wealth, LLC	new	-	391,226	391,226	0.20%

Latest Funds Activity

Are funds buying ADP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own ADP

No. of Funds

ADP Alerts

7 major insider sales recently.

Schedule 13G FIlings of Automatic Data Processing

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	9.69%	40,184,122	SC 13G/A
Feb 07, 2023	blackrock inc.	8.5%	35,207,814	SC 13G/A
Feb 09, 2022	vanguard group inc	9.14%	38,508,651	SC 13G/A
Feb 01, 2022	blackrock inc.	7.6%	31,994,622	SC 13G/A
Feb 10, 2021	vanguard group inc	8.81%	37,786,861	SC 13G/A
Jan 29, 2021	blackrock inc.	7.1%	30,500,465	SC 13G/A
Feb 12, 2020	vanguard group inc	8.83%	38,226,328	SC 13G/A
Feb 05, 2020	blackrock inc.	7.3%	31,452,387	SC 13G/A

Recent SEC filings of Automatic Data Processing

View All Filings

Date Filed	Form Type	Document
Sep 14, 2023	4	Insider Trading
Sep 12, 2023	144	Notice of Insider Sale Intent
Sep 08, 2023	4	Insider Trading
Sep 07, 2023	144	Notice of Insider Sale Intent
Sep 06, 2023	4	Insider Trading
Sep 06, 2023	4	Insider Trading
Sep 06, 2023	4	Insider Trading
Sep 06, 2023	4	Insider Trading
Sep 06, 2023	4	Insider Trading
Sep 06, 2023	4	Insider Trading

Peers (Alternatives to Automatic Data Processing)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADP	100.5B	18.0B	-2.89%	5.52%	29.45	5.58	9.18%	15.70%
FISV	70.1B	18.5B	-3.11%	14.36%	27.94	3.8	8.49%	23.72%
CTSH	35.1B	19.4B	1.09%	13.19%	16.01	1.81	0.73%	-2.96%
SQ	28.9B	19.7B	-17.36%	-22.61%	-106.75	1.47	20.89%	45.06%
VRSN	20.8B	1.5B	-0.58%	14.89%	29.1	14.19	6.49%	-12.09%
MID-CAP
CACI	7.3B	6.7B	-1.47%	14.23%	19.05	1.09	8.05%	4.89%
SAIC	5.8B	7.7B	-5.59%	17.19%	11.63	0.75	2.42%	91.92%
DXC	5.5B	14.2B	0.93%	-24.03%	7.64	0.37	-10.50%	-216.97%
PRFT	2.0B	922.7M	0.52%	-5.77%	19.94	2.22	8.25%	33.57%
SMALL-CAP
FSLY	2.5B	468.2M	2.33%	115.59%	-15.09	5.33	20.26%	14.89%
CSGS	1.7B	1.1B	-1.91%	-2.55%	23.67	1.45	7.84%	61.27%
UIS	265.7M	2.0B	-10.74%	-61.29%	-2.51	0.13	1.13%	-9.87%
INOD	218.5M	76.3M	-43.53%	142.77%	-26.82	2.86	-2.06%	4.76%
TCX	213.0M	322.4M	-5.21%	-50.22%	-2.98	0.66	-0.06%	-960.96%
BCOV	146.8K	203.2M	-10.73%	-48.49%	-0.01	7e-4	-4.42%	-884.97%

Automatic Data Processing News

Returns for ADP

Cumulative Returns on ADP

16.5%

10-Year Cumulative Returns

17.8%

7-Year Cumulative Returns

12.2%

5-Year Cumulative Returns

23.8%

3-Year Cumulative Returns

Risks for ADP

What is the probability of a big loss on ADP?

30.8%

Probability that Automatic Data Processing stock will be more than 20% underwater in next one year

18.5%

Probability that Automatic Data Processing stock will be more than 30% underwater in next one year.

0%

Probability that Automatic Data Processing stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ADP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Automatic Data Processing was unfortunately bought at previous high price.

Drawdowns

Financials for Automatic Data Processing

Income Statement (Last 12 Months)
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Revenue	2.0%	18,012	17,662	17,247	16,882	16,498	16,108	15,697	15,367	15,005	14,645	14,591	14,565	14,590	14,692	14,473	14,296	14,110	13,947	13,815	13,561	13,328
Costs and Expenses	1.6%	13,758	13,535	13,283	13,062	12,777	12,514	12,220	11,971	11,741	11,525	11,487	11,474	11,555	11,597	11,446	11,350	11,216	11,054	11,037	10,942	10,820
Operating Expenses	0.9%	8,657	8,577	8,490	8,396	8,253	8,095	7,882	7,689	7,521	7,416	7,390	7,379	7,404	7,354	7,235	7,172	7,081	6,987	6,977	6,914	6,848
S&GA Expenses	1.2%	3,551	3,508	3,388	3,314	3,233	3,160	3,105	3,079	3,041	2,965	2,959	2,958	3,003	3,092	3,086	3,077	3,064	3,020	3,020	2,998	2,959
EBITDA	-100.0%	-	4,948	4,746	4,549	4,401	4,281	4,150	4,069	3,932	3,763	3,773	3,785	3,770	3,875	3,767	-	-	-	-	-	-
EBITDA Margin	-100.0%	-	0.28*	0.28*	0.27*	0.27*	0.27*	0.26*	0.26*	0.26*	0.26*	0.26*	0.26*	0.26*	0.26*	0.26*	-	-	-	-	-	-
Interest Expenses	46.3%	253	173	153	115	82.00	73.00	68.00	63.00	60.00	58.00	65.00	82.00	107	125	127	134	130	125	122	111	103
Earnings Before Taxes	4.8%	4,438	4,236	4,061	3,913	3,804	3,698	3,574	3,497	3,361	3,195	3,206	3,209	3,183	3,285	3,192	3,098	3,006	2,627	2,518	2,364	2,283
EBT Margin	-100.0%	-	0.24*	0.24*	0.23*	0.23*	0.23*	0.23*	0.23*	0.22*	0.22*	0.22*	0.22*	0.22*	0.22*	0.22*	-	-	-	-	-	-
Net Income	4.6%	3,412	3,261	3,146	3,027	2,949	2,862	2,744	2,697	2,599	2,472	2,482	2,486	2,466	2,530	2,463	2,370	2,293	1,958	1,866	1,978	1,885
Net Income Margin	-100.0%	-	0.18*	0.18*	0.18*	0.18*	0.18*	0.17*	0.18*	0.17*	0.17*	0.17*	0.17*	0.17*	0.17*	0.17*	-	-	-	-	-	-
Free Cashflow	-100.0%	-	3,935	3,502	3,696	3,100	2,839	3,121	2,733	3,093	3,217	3,084	3,075	3,026	2,982	2,888	-	-	-	-	-	-

Balance Sheet
(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Assets	-14.9%	50,971	59,882	54,453	46,365	63,068	72,068	59,103	59,987	48,773	54,408	49,326	42,390	39,166	43,383	49,059	37,715	41,888	48,196	38,806	37,417	38,849
Current Assets	-18.1%	42,171	51,518	46,144	37,969	54,805	63,904	51,107	52,048	40,742	46,752	41,662	34,815	31,564	35,709	41,365	29,509	34,342	40,924	31,683	29,956	31,823
Cash Equivalents	14.0%	2,084	1,828	1,345	1,208	1,436	1,634	1,745	1,602	2,575	1,892	1,602	1,613	7,054	1,705	1,500	1,404	6,796	1,826	2,786	1,490	6,542
Net PPE	2.7%	681	664	655	645	653	651	645	649	685	701	693	702	704	743	761	767	764	766	773	788	794
Goodwill	0.2%	2,339	2,336	2,315	2,273	2,301	2,324	2,331	2,326	2,338	2,334	2,347	2,326	2,309	2,299	2,315	2,303	2,323	2,316	406	2,325	2,244
Liabilities	-15.5%	47,462	56,188	51,466	43,788	59,843	67,875	54,053	54,637	43,102	48,734	43,426	36,581	33,413	37,893	43,695	32,354	36,488	42,950	34,042	32,738	34,113
Current Liabilities	-17.0%	42,768	51,536	46,814	39,166	55,159	63,107	49,084	49,670	38,095	44,615	39,177	32,330	30,127	34,673	40,522	29,201	32,628	39,166	30,297	29,037	30,413
Short Term Borrowings	-	-	-	-	-	-	-	-	-	-	-	-	-	1,002	1,002	1,002	1,001	-	-	-	-	-
LT Debt, Non Current	0.0%	2,989	2,989	2,988	2,988	2,987	2,987	2,986	2,986	2,985	1,994	1,994	1,994	1,003	1,003	1,003	1,003	2,002	2,002	2,002	2,002	2,002
Shareholder's Equity	-5.0%	3,509	3,694	2,987	2,577	3,225	4,193	5,050	5,351	5,670	5,674	5,900	5,809	5,752	5,491	5,364	5,361	5,400	5,246	4,764	4,679	4,736
Retained Earnings	1.2%	22,118	21,858	21,333	21,039	20,696	20,505	20,012	19,755	19,451	19,308	18,894	18,645	18,436	18,417	17,988	17,730	17,501	17,369	16,959	16,741	16,547
Additional Paid-In Capital	2.0%	2,102	2,062	1,954	1,893	1,794	1,737	1,665	1,579	1,531	1,480	1,408	1,348	1,334	1,315	1,254	1,214	1,183	1,140	1,076	1,035	1,015
Shares Outstanding	-0.3%	412	414	414	415	416	418	420	421	424	426	427	429	430	430	432	433	434	434	436	437	439

Cashflow (Last 12 Months)
(In Millions)

Cashflow (Last 12 Months)																					(In Millions)
Description	(%) Q/Q	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4	2018Q3	2018Q2
Cashflow From Operations	6.9%	4,208	3,935	3,502	3,696	3,100	2,839	3,121	2,733	3,093	3,217	3,084	3,075	3,026	2,982	2,888	2,972	2,688	2,661	2,772	2,420	2,515
Share Based Compensation	-5.0%	220	232	213	210	202	195	192	184	175	151	138	128	131	152	164	166	167	178	175	175	175
Cashflow From Investing	18.9%	-2,517	-3,103	-5,015	-7,355	-7,014	-7,112	-6,033	-5,015	-3,515	311	2,332	3,298	3,156	-521	-1,853	-1,622	-2,197	-1,744	-1,647	-2,664	-2,504
Cashflow From Financing	-8.8%	-15,680	-14,411	-5,635	-13,834	13,653	15,893	7,351	15,098	6,438	7,997	-2,664	1,679	-5,890	-8,117	6,806	-3,435	-207	-68.70	-9,424	-1,408	-1,655
Dividend Payments	4.6%	1,904	1,820	1,738	1,699	1,659	1,621	1,581	1,578	1,576	1,571	1,566	1,518	1,471	1,422	1,374	1,334	1,293	1,228	1,162	1,113	1,064
Buy Backs	-14.1%	1,121	1,305	1,532	1,775	1,969	1,952	1,888	1,687	1,372	903	866	910	1,006	1,183	1,026	1,020	938	1,154	1,108	966	989

ADP Income Statement

2023-06-30

Statements of Consolidated Earnings - USD ($)
shares in Millions, $ in Millions

12 Months Ended

Jun. 30, 2023

Jun. 30, 2022

Jun. 30, 2021

REVENUES:

Revenues

$ 18,012.2

$ 16,498.3

$ 15,005.4

Costs of revenues:

Operating expenses

8,657.4

8,252.6

7,520.7

Systems development and programming costs

844.8

798.6

716.6

Depreciation and amortization

451.2

410.7

403.0

TOTAL COSTS OF REVENUES

9,953.4

9,461.9

8,640.3

Selling, general, and administrative expenses

3,551.4

3,233.2

3,040.5

Interest expense

253.3

81.9

59.7

TOTAL EXPENSES

13,758.1

12,777.0

11,740.5

Other (income)/expense, net

(183.5)

(82.8)

(96.3)

EARNINGS BEFORE INCOME TAXES

4,437.6

3,804.1

3,361.2

Provision for income taxes

1,025.6

855.2

762.7

NET EARNINGS

$ 3,412.0

$ 2,948.9

$ 2,598.5

BASIC EARNINGS PER SHARE (in dollars per share)

$ 8.25

$ 7.04

$ 6.10

DILUTED EARNINGS PER SHARE (in dollars per share)

$ 8.21

$ 7.00

$ 6.07

Basic weighted average shares outstanding (in shares)

413.7

418.8

426.3

Diluted weighted average shares outstanding (in shares)

415.7

421.1

428.1

Revenues, other than interest on funds held for clients and PEO revenues

REVENUES:

Revenues

$ 11,222.0

$ 10,505.0

$ 9,768.6

Interest on funds held for clients

REVENUES:

Revenues

813.4

451.8

422.4

PEO Revenues

REVENUES:

Revenues

^[1]

$ 5,976.8

$ 5,541.5

$ 4,814.4

[1]

For the years ended June 30, 2023 (“fiscal 2023”), June 30, 2022 (“fiscal 2022”), and June 30,2021 (“fiscal 2021”), Professional Employer Organization (“PEO”) revenues are net of direct pass-through costs, primarily consisting of payroll wages and payroll taxes, of$66,731.7 million, $62,619.2 million, and $51,362.3 million, respectively.

ADP Balance Sheet

2023-06-30

Consolidated Balance Sheets - USD ($)
$ in Millions

Jun. 30, 2023

Jun. 30, 2022

Current assets:

Cash and cash equivalents

$ 2,083.5

$ 1,436.3

Accounts receivable, net of allowance for doubtful accounts of $53.0 and $56.8, respectively

3,009.6

3,170.6

Other current assets

743.9

628.8

Total current assets before funds held for clients

5,837.0

5,235.7

Funds held for clients

36,333.6

49,569.2

Total current assets

42,170.6

54,804.9

Long-term receivables, net of allowance for doubtful accounts of $0.1 and $0.1, respectively

8.5

9.1

Property, plant and equipment, net

681.4

652.6

Operating lease right-of-use asset

402.4

450.9

Deferred contract costs

2,769.7

2,579.7

Other assets

1,255.4

937.4

Goodwill

2,339.4

2,300.5

Intangible assets, net

1,343.6

1,333.1

Total assets

50,971.0

63,068.2

Current liabilities:

Accounts payable

96.8

110.2

Accrued expenses and other current liabilities

2,342.6

2,107.8

Accrued payroll and payroll-related expenses

941.4

862.6

Dividends payable

510.0

429.6

Short-term deferred revenues

188.6

188.2

Obligations under reverse repurchase agreements

^[1]

105.4

136.4

Income taxes payable

44.2

38.4

Total current liabilities before client funds obligations

4,229.0

3,873.2

Client funds obligations

38,538.6

51,285.5

Total current liabilities

42,767.6

55,158.7

Long-term debt

2,989.0

2,987.1

Operating lease liabilities

349.9

370.9

Other liabilities

933.7

924.2

Deferred income taxes

73.6

67.0

Long-term deferred revenues

348.1

335.0

Total liabilities

47,461.9

59,842.9

Commitments and Contingencies (Note 12)

Stockholders' equity:

Preferred stock, $1.00 par value: Authorized, 0.3 shares; issued, none

0.0

Common stock, $0.10 par value: authorized,1,000.0 shares; issued, 638.7 shares at June 30, 2023 and June 30, 2022; outstanding, 412.1 and 416.1 shares at June 30, 2023 and June 30, 2022, respectively

63.9

Capital in excess of par value

2,102.3

1,794.2

Retained earnings

22,118.0

20,696.3

Treasury stock - at cost: 226.6 and 222.7 shares at June 30, 2023 and June 30, 2022, respectively

(18,469.3)

(17,335.4)

Accumulated other comprehensive (loss)/income

(2,305.8)

(1,993.7)

Total stockholders’ equity

3,509.1

3,225.3

Total liabilities and stockholders’ equity

$ 50,971.0

$ 63,068.2

[1]

(A) As of June 30, 2023, $104.6 million of long-term marketable securities and $0.8 million of cash and cash equivalents have been pledged as collateral under the Company's reverse repurchase agreements. As of June 30, 2022, $14.3 million of short-term marketable securities and $122.1 million of long-term marketable securities have been pledged as collateral under the Company's reverse repurchase agreements (see Note 8).

About Automatic Data Processing

Carlos A. Rodriguez

www.adp.com

56000

Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions. Its offerings include payroll, benefits administration, talent management, HR management, workforce management, insurance, retirement, and compliance services. The PEO Services segment provides HR outsourcing solutions to small and mid-sized businesses through a co-employment model. This segment offers benefits package, protection and compliance, talent engagement, comprehensive outsourcing, and recruitment process outsourcing services. The company was founded in 1949 and is headquartered in Roseland, New Jersey.

Market Summary

ADP Alerts

ADP Stock Price

ADP RSI Chart

ADP Valuation

ADP Price/Sales (Trailing)

ADP Profitability

ADP Fundamentals

ADP Revenue

ADP Earnings

Price Action

52 Week Range

ADP Financial Health

ADP Investor Care

Historical Charts for Stock Metrics

Latest Insider Trading transactions for ADP

Which funds bought or sold ADP recently?

Latest Funds Activity

ADP Alerts

Schedule 13G FIlings of Automatic Data Processing

Recent SEC filings of Automatic Data Processing

Peers (Alternatives to Automatic Data Processing)

Automatic Data Processing News

Returns for ADP

Cumulative Returns on ADP

Risks for ADP

What is the probability of a big loss on ADP?

How does ADP drawdown profile look like?

Financials for Automatic Data Processing

Income Statement (Last 12 Months).css-zgnqz2{margin:0;font-family:"Roboto","Helvetica","Arial",sans-serif;font-weight:400;font-size:0.75rem;line-height:1.66;letter-spacing:0.03333em;color:#595959;}(In Millions)

Balance Sheet(In Millions)

Cashflow (Last 12 Months)(In Millions)

ADP Income Statement

ADP Balance Sheet

About Automatic Data Processing

Income Statement (Last 12 Months)
(In Millions)

Balance Sheet
(In Millions)

Cashflow (Last 12 Months)
(In Millions)