How to Buy Automatic Data Processing Stock
Automatic Data Processing Inc
Automatic Data Processing, Inc. provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO).
Automatic Data Processing stock last closed at $246.61, down 0.09% from the previous day, and has increased 14.45% in one year. It has overperformed other stocks in the Staffing & Employment Services industry by 0.11 percentage points. Automatic Data Processing stock is currently +22.41% from its 52-week low of $201.46, and -3.98% from its 52-week high of $256.84.
As of Apr 24, 2024, there are 410.79M ADP shares outstanding. The market capitalization of ADP is $101.31B. In the last 24 hours, 1.18M ADP shares were traded.
How to Buy Automatic Data Processing Stock
Not sure how to invest in Automatic Data Processing stock? Here's how.
- Figure out where to buy Automatic Data Processing stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you decide where to buy Automatic Data Processing stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Choose your payment method and add your info.
- Research Automatic Data Processing stock: The Automatic Data Processing ticker symbol is ADP. Is Automatic Data Processing stock a good investment? Should you buy shares of ADP? How do ADP's underlying business fundamentals look? Do top analysts think Automatic Data Processing is a good buy? Why has ADP's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if ADP is a good stock to buy).
- Execute your ADP trade: Decide if you will purchase ADP shares at the current market price or use a limit order to buy ADP stock at a specific price.
- Get key alerts regarding your investment in ADP: Create a watchlist to track your new investment in Automatic Data Processing shares.
Step 1: Figure out where to buy Automatic Data Processing stock
You will need a brokerage account in order to access the NASDAQ market and buy ADP shares.
Our favorite brokerage: eToro
Based on our research, eToro is the best place to buy stocks. Here's why:
- Invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
- Access to global financial markets: From Tech to Financial Services, New York to Hong Kong — you can fill your portfolio with stocks from the globe's top stock exchanges.
- Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by signing up for an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, the next step is to fill out some personal details so you can buy ADP today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create a new trading account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you have finished signing up on stock apps to use, you need to deposit funds:
Check out the walkthrough below to see the process of transferring funds into your new investment account.
Step 4: Research Automatic Data Processing stock
Once you have identified the best place to buy Automatic Data Processing stock, it's critical to evaluate their stock before you buy, so you can wrap your head around the risk as well as the upside.
Automatic Data Processing quick stats
Automatic Data Processing Due Diligence Checks
WallStreetZen was built to help average investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on ADP's stock page.
What is the fair value of ADP stock?
You can use many financial metrics, analyses, models, and charts to gauge ADP's true value.
Using relative valuations measures:
- ADP could be overvalued based on its P/E ratio of 28.54x, relative to Staffing & Employment Services industry P/E ratio of 27.65x
- ADP could be overvalued based on its P/B ratio of 23.45x, relative to Staffing & Employment Services industry P/B ratio of 9.66x
- ADP could be overvalued based on its PEG ratio of 2.89x
You can access additional valuation analysis on ADP's stock here.
ADP Financial Summary
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the ADP balance sheet.
- There are more short-term assets than short-term liabilities on the ADP balance sheet.
- ADP's operating cash flow of $3.95B allows it to safely service it's debt of $3.34B.
- ADP earnings of $4.95B is not sufficient to cover its interest payments.
- ADP profit margin has gone up from 18.2% to 19.1% in the past year.
Failed Financial Due Diligence Checks:
- ADP has a relatively high debt to equity ratio of 12.21.
- Total ADP debt is higher than 5 years ago, relative to shareholder equity.
Is Automatic Data Processing stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 8 Wall Street analysts who research ADP, the consensus analyst rating on ADP is a Hold
Please note that analyst ratings are not recommendations, nor are they financial advice.
Latest ADP Analyst Recommendations
Kevin Mcveigh, a bottom 4% analyst from UBS initiates coverage on ADP with a hold rating and announces their ADP price target of $235.00, on Nov 7, 2023.
James Faucette, a top 10% analyst from Morgan Stanley maintains ADP with a hold rating and lowers their ADP price target from $260.00 to $250.00, on Oct 26, 2023.
Ramsey El-Assal, a bottom 2% analyst from Barclays maintains ADP with a strong buy rating and lowers their ADP price target from $285.00 to $280.00, on Oct 26, 2023.
You can dive deeper into what analysts are forecasting on the Automatic Data Processing stock forecast page.
Metrics for Advanced ADP Traders
ADP Revenue
Last year, ADP earnings were $3.56B. During the last five year, ADP's earnings have gone up by 15.14% per year. This was slower than the Staffing & Employment Services industry average of 53.2%.
Last year, ADP revenue was $18.59B. In the last 5 year, ADP's revenue has grown by 6.2% per year. This was slower than the Staffing & Employment Services industry average of 8.59%.
Learn more about ADP's earnings and revenue performance here.
Latest Insiders Trades at ADP
In the last 12 months, insiders at ADP have sold more shares than they have bought.
Sreenivasa Kutam, Corp VP of ADP, was the latest ADP insider to sell. They sold $90,899.68 worth of ADP shares on Mar 4, 2024.
Research more about who owns ADP shares here.
Can I get consistent income from ADP stock?
Automatic Data Processing pays a dividend of 2.15%, compared to the Staffing & Employment Services industry's average dividend yield of 2.35%. If you owned $1,000 worth of ADP stock, you would have been paid $21.49 last year.
Automatic Data Processing dividend payments have consistently grown over the past decade and have remained stable.
Dig into more info about Automatic Data Processing dividend yield and history here.
ADP Social Trading Data
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your ADP trade
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price, use a limit order.
Hit the Open button and your broker will place your order.
If you require additional help with buying stocks on eToro, click the helpful video below:
Step 6: Get key alerts regarding your investment in ADP
Now that you own some shares in ADP, you'll want to keep up with your shares.
Create a watchlist to get alerted to the latest events about your ADP stock.
ADP Feed
How to Buy Stock in Automatic Data Processing
To summarize, here are the 6 steps for buying Automatic Data Processing stock:
- Figure out where to buy Automatic Data Processing stock
- Create a brokerage account
- Deposit funds into your investment account
- Research Automatic Data Processing stock
- Execute your ADP trade
- Get key alerts regarding your investment in ADP
If you need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to watch your new investment in Automatic Data Processing, create a watchlist today.
Other Stock Buying Guides You May Like
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.