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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.
Automatic Data Processing logo

Company profile

Ticker
ADP
Exchange
NASDAQ
Website
www.adp.com
CEO
Carlos Rodriguez
Employees
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

Analyst ratings and price targets

Last 3 months
Current price
Average target
$266.00
Low target
$245.00
High target
$278.00
Barclays
Maintains
Overweight
$278.00
30 Jan 23
JP Morgan
Maintains
Underweight
$245.00
26 Jan 23
Mizuho
Maintains
Buy
$275.00
26 Jan 23
Latest filings (excl ownership)
View all
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
View all
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
View all
4
SREENIVASA KUTAM
13 Jan 23
4
Donald Weinstein
13 Jan 23
4
Carlos A Rodriguez
11 Jan 23
4
Carlos A Rodriguez
6 Jan 23
4
Donald Weinstein
4 Jan 23
4
Don McGuire
4 Jan 23
4
Carlos A Rodriguez
3 Jan 23
4
Maria Black
3 Jan 23
4
William J Ready
10 Nov 22
4
SANDRA S WIJNBERG
10 Nov 22

Financial summary

Financial statements Chart ADP financial data
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

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2022

ADP institutional ownership history Ownership history
74.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 1911 1891 +1.1%
Opened positions 130 122 +6.6%
Closed positions 110 140 -21.4%
Increased positions 618 655 -5.6%
Reduced positions 783 725 +8.0%
13F shares Current Prev Q Change
Total value 70.25 bn 69.22 bn +1.5%
Total shares 310.46 mm 325.65 mm -4.7%
Total puts 2.83 mm 2.15 mm +31.7%
Total calls 1.94 mm 1.36 mm +42.3%
Total put/call ratio 1.5 1.6 -7.4%
Largest owners Shares Value Change
Vanguard 39.55 mm $8.95 bn +1.2%
BLK Blackrock 33.87 mm $7.66 bn -0.1%
BK Bank Of New York Mellon 10.96 mm $2.48 bn -4.8%
MS Morgan Stanley 10.22 mm $2.31 bn -3.4%
Alliancebernstein 9.23 mm $2.09 bn -6.0%
Geode Capital Management 8.92 mm $2.02 bn +2.1%
WFC Wells Fargo & Co. 8.26 mm $1.87 bn +0.3%
BAC Bank Of America 8.15 mm $1.84 bn -12.7%
Charles Schwab Investment Management 7.76 mm $1.76 bn +9.1%
NTRS Northern Trust 5.82 mm $1.32 bn -2.1%
Largest transactions Shares Bought/sold Change
STT State Street 0.00 -17.73 mm EXIT
Arrowstreet Capital, Limited Partnership 2.55 mm +1.35 mm +113.2%
BAC Bank Of America 8.15 mm -1.19 mm -12.7%
JPM JPMorgan Chase & Co. 5.05 mm +1.13 mm +28.8%
Mitsubishi UFJ Kokusai Asset Management 1.27 mm +967.53 k +325.2%
Citadel Advisors 1.06 mm +813.40 k +325.5%
Capital World Investors 2.60 mm -800.85 k -23.5%
Renaissance Technologies 653.53 k +653.53 k NEW
Charles Schwab Investment Management 7.76 mm +649.19 k +9.1%
MNGPF Man 607.05 k +607.05 k NEW
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
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
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro
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
Barclays analyst Ramsey El-Assal maintains Automatic Data Processing (NASDAQ:ADP) with a Overweight and lowers the price target from $280 to $278.
$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

From Benzinga Pro
ADP National Employment Report: Private Sector Employment Increased by 106,000 Jobs in January; Annual Pay was Up 7.3%
1 Feb 23
ROSELAND, N.J., Feb. 1, 2023 /PRNewswire/ -- Private sector employment increased by 106,000 jobs in January and annual pay was up 7.3 percent year-over-year, according to the January ADP® National Employment
ADP Reports Second Quarter Fiscal 2023 Results
25 Jan 23
ROSELAND, N.J., Jan. 25, 2023 /PRNewswire/ -- ADP (NASDAQ:ADP), a leading global technology company providing human capital management (HCM) solutions, today announced its second quarter fiscal 2023 financial results
ADP Declares Regular Quarterly Dividend
11 Jan 23
ROSELAND, N.J., Jan. 11, 2023 /PRNewswire/ -- The board of directors of Automatic Data Processing, Inc. (NASDAQ:ADP) has declared a regular quarterly dividend of $1.25 per share payable April 1, 2023 to shareholders of
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
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