AllAnalyst Report
logoMorningstarJuly 27, 2022

Automatic Data Processing, Inc.: ADP Delivers Robust FY 2022 Result as Labor Markets Prove Resilient Despite Economic Headwinds

Symbols
ADP
Sector(s)
Industrials
Rating
Current Price
$226.19
Fair Value
Economic Moat
Stewardship
Summary

ADP is a provider of payroll and human capital management solutions servicing the full scope of businesses from micro to global enterprises. ADP was established in 1949 and serves over 990,000 clients primarily in the United States. ADP's employer services segment offers payroll, HCM solutions, HR outsourcing, insurance and retirement services. The smaller but faster-growing PEO segment provides HR outsourcing solutions to small and midsize businesses through a co-employment model.

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