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
Website
CEO
Carlos Rodriguez
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
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
Analyst ratings and price targets
Current price
Average target
$266.00
Low target
$245.00
High target
$278.00
Barclays
Maintains
$278.00
JP Morgan
Maintains
$245.00
Mizuho
Maintains
$275.00
Latest filings (excl ownership)
10-Q
2023 Q2
Quarterly report
2 Feb 23
8-K
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
9 Nov 22
10-Q
2023 Q1
Quarterly report
2 Nov 22
8-K
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
DEFA14A
Additional proxy soliciting materials
22 Sep 22
DEF 14A
Definitive proxy
22 Sep 22
Transcripts
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
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 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) | 13.28 bn | 13.28 bn | 13.28 bn | 13.28 bn | 13.28 bn | 13.28 bn |
| Cash burn (monthly) | (no burn) | 604.31 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 669.48 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 12.61 bn | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 20.9 | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2022
74.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 1911 |
| Opened positions | 130 |
| Closed positions | 110 |
| Increased positions | 618 |
| Reduced positions | 783 |
| 13F shares | Current |
|---|---|
| Total value | 70.25 bn |
| Total shares | 310.46 mm |
| Total puts | 2.83 mm |
| Total calls | 1.94 mm |
| Total put/call ratio | 1.5 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 39.55 mm | $8.95 bn |
| BLK Blackrock | 33.87 mm | $7.66 bn |
| BK Bank Of New York Mellon | 10.96 mm | $2.48 bn |
| MS Morgan Stanley | 10.22 mm | $2.31 bn |
| Alliancebernstein | 9.23 mm | $2.09 bn |
| Geode Capital Management | 8.92 mm | $2.02 bn |
| WFC Wells Fargo & Co. | 8.26 mm | $1.87 bn |
| BAC Bank Of America | 8.15 mm | $1.84 bn |
| Charles Schwab Investment Management | 7.76 mm | $1.76 bn |
| NTRS Northern Trust | 5.82 mm | $1.32 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 9 Jan 23 | Rodriguez Carlos A | Stock Option Common Stock | Option exercise | Dispose M | No | No | 146.75 | 37,594 | 5.52 mm | 0 |
News
What 5 Analyst Ratings Have To Say About Automatic Data Processing
30 Jan 23
Barclays Maintains Overweight on Automatic Data Processing, Lowers Price Target to $278
30 Jan 23
$100 Invested In Automatic Data Processing 20 Years Ago Would Be Worth This Much Today
27 Jan 23
JP Morgan Maintains Underweight on Automatic Data Processing, Lowers Price Target to $245
26 Jan 23
Mizuho Maintains Buy on Automatic Data Processing, Lowers Price Target to $275
26 Jan 23
Press releases
ADP National Employment Report: Private Sector Employment Increased by 106,000 Jobs in January; Annual Pay was Up 7.3%
1 Feb 23
ADP Reports Second Quarter Fiscal 2023 Results
25 Jan 23
ADP Declares Regular Quarterly Dividend
11 Jan 23
ADP National Employment Report: Private Sector Employment Increased by 235,000 Jobs in December; Annual Pay was Up 7.3%
5 Jan 23
Employee Experience Propels Workplace Transformation in 2023
3 Jan 23