Automatic Data Processing (ADP)

Company Profile

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 a leader in business outsourcing services, analytics and compliance expertise. Its unmatched experience, deep insights and cutting-edge technology has transformed human resources from a back-office administrative function to a strategic business advantage.

Company profile

Ticker

ADP

Exchange

NASDAQ

Website

www.adp.com

CEO

Carlos Rodriguez

Incorporated

Delaware

Location

New Jersey

Fiscal year end

Jun 30

Sector

Information > Data Processing, Hosting, and Related Services

Industry (SIC)

Services - Computer Processing & Data Preparation

DXC Technology • Liberty TripAdvisor Holdings Inc - Series A • Sohu.com • Corelogic • Zynga • Cars.com • Verisk Analytics • Bilibili • Playtika Holding • Change Healthcare ...

SEC CIK

0000008670

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

ADP Atlantic, LLC • ADP Benefit Services KY, Inc. • ADP Brasil Ltda • ADP Broker-Dealer, Inc. • ADP Canada Co. • ADP Employer Services GmbH • ADP Europe SAS • ADP France SAS • ADP GlobalView B.V. • ADP GSI France SAS ...

IRS number

221467904

ADP stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$225.80

Low target

$211.00

High target

$240.00

Latest filings (excl ownership)

View all

1 May 23

ADP Reports Third Quarter Fiscal 2023 Results

2 Feb 23

ADP Reports Second Quarter Fiscal 2023 Results

25 Jan 23

8-K

Departure of Directors or Certain Officers

16 Nov 22

8-K

Submission of Matters to a Vote of Security Holders

14 Nov 22

S-8

Registration of securities for employees

2 Nov 22

Carlos Rodriguez to continue as Executive Chair of the Board upon transition

26 Oct 22

8-K

ADP Reports First Quarter Fiscal 2023 Results

26 Oct 22

Transcripts

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ADP

Earnings call transcript

2023 Q2

25 Jan 23

ADP

Earnings call transcript

2023 Q1

26 Oct 22

ADP

Earnings call transcript

2022 Q4

27 Jul 22

ADP

Earnings call transcript

2022 Q3

27 Apr 22

ADP

Earnings call transcript

2022 Q2

26 Jan 22

ADP

Earnings call transcript

2022 Q1

27 Oct 21

ADP

Earnings call transcript

2021 Q4

28 Jul 21

ADP

Earnings call transcript

2021 Q3

28 Apr 21

ADP

Earnings call transcript

2021 Q2

27 Jan 21

ADP

Earnings call transcript

2021 Q1

28 Oct 20

Latest ownership filings

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Brock Albinson

2 Mar 23

144/A

Notice of proposed sale of securities (amended)

1 Mar 23

144

Notice of proposed sale of securities

Financial summary

Financial statements Chart ADP financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Jun 22	Jun 21	Jun 20	Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	18.04 bn	18.04 bn	18.04 bn	18.04 bn	18.04 bn	18.04 bn
Cash burn (monthly)	(no burn)	1.14 bn	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	2.67 bn	n/a	n/a	n/a	n/a
Cash remaining	n/a	15.38 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	13.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

ADP institutional ownership history Ownership history

78.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1898	1995	-4.9%
Opened positions	107	198	-46.0%
Closed positions	204	124	+64.5%
Increased positions	621	637	-2.5%
Reduced positions	808	794	+1.8%

13F shares	Current	Prev Q	Change
Total value	71.95 tn	79.48 tn	-9.5%
Total shares	323.66 mm	333.09 mm	-2.8%
Total puts	1.32 mm	2.96 mm	-55.5%
Total calls	1.32 mm	1.80 mm	-26.4%
Total put/call ratio	1.0	1.6	-39.5%

Largest owners	Shares	Value	Change
Vanguard	40.80 mm	$9.08 tn	+1.5%
BLK Blackrock	34.28 mm	$7.63 tn	-2.6%
STT State Street	17.66 mm	$3.95 tn	+0.2%
MS Morgan Stanley	10.76 mm	$2.40 tn	-2.2%
BK Bank Of New York Mellon	9.40 mm	$2.09 tn	-5.7%
BAC Bank Of America	9.03 mm	$2.01 tn	+21.4%
Geode Capital Management	9.02 mm	$2.01 tn	-0.3%
Alliancebernstein	8.84 mm	$1.97 tn	-1.6%
WFC Wells Fargo & Co.	8.17 mm	$1.82 tn	-1.6%
Charles Schwab Investment Management	8.11 mm	$1.81 tn	-5.6%

Largest transactions	Shares	Bought/sold	Change
JPM JPMorgan Chase & Co.	1.24 mm	-5.20 mm	-80.8%
Capital World Investors	0.00	-2.60 mm	EXIT
Norges Bank	0.00	-2.22 mm	EXIT
BAC Bank Of America	9.03 mm	+1.59 mm	+21.4%
D. E. Shaw & Co.	1.96 mm	+1.37 mm	+230.3%
BLK Blackrock	34.28 mm	-926.90 k	-2.6%
Renaissance Technologies	1.02 mm	+921.00 k	+902.1%
BMO Bank of Montreal	0.00	-860.22 k	EXIT
JHG Janus Henderson	1.29 mm	+744.40 k	+136.5%
Amundi	3.74 mm	+727.04 k	+24.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ADP insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Mar 23	Brock Albinson	Common Stock	Sell	Dispose S	No	Yes	220	1,500	330.00 k	5,317.091
11 Jan 23	Sreenivasa Kutam	Common Stock	Grant	Acquire A	No	No	0	816	0.00	13,183.638
11 Jan 23	Weinstein Donald	Common Stock	Sell	Dispose S	No	Yes	245	5,075	1.24 mm	32,949.739
11 Jan 23	Weinstein Donald	Common Stock	Option exercise	Acquire M	No	Yes	146.75	5,075	744.76 k	38,024.739
11 Jan 23	Weinstein Donald	Stock Option Common Stock	Option exercise	Dispose M	No	No	146.75	5,075	744.76 k	5,075
9 Jan 23	Rodriguez Carlos A	Common Stock	Sell	Dispose S	No	Yes	239.8038	12,795	3.07 mm	44,481.22
9 Jan 23	Rodriguez Carlos A	Common Stock	Sell	Dispose S	No	Yes	242.0949	9,498	2.30 mm	57,276.22
9 Jan 23	Rodriguez Carlos A	Common Stock	Sell	Dispose S	No	Yes	242.7888	8,827	2.14 mm	66,774.22
9 Jan 23	Rodriguez Carlos A	Common Stock	Sell	Dispose S	No	Yes	241.0205	6,474	1.56 mm	75,601.22
9 Jan 23	Rodriguez Carlos A	Common Stock	Option exercise	Acquire M	No	Yes	146.75	37,594	5.52 mm	82,075.22