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Stock impact report

Automatic Data Processing: Gain From New Bookings Growth; Initiating With 'Buy' [Seeking Alpha]

Automatic Data Processing, Inc. (ADP) 
Last automatic data processing, inc. earnings: 4/29 06:56 am Check Earnings Report
US:NASDAQ Investor Relations: investors.adp.com
Company Research Source: Seeking Alpha
The company benefits from high-interest rates, earning significant interest income from $35.3 billion in client funds, boosting net income. ADP's US-centric business and potential corporate tax cuts could further enhance profitability, with expected 12.2% revenue growth in FY25. Key risks include economic downturns, competition from tech companies, and fluctuating interest rates impacting earnings growth projections. JHVEPhoto Automatic Data Processing ( NASDAQ: ADP ) is a US-centric payroll company providing HCM solutions and HR Outsourcing services. The company has benefited from the high-interest rate due to its interest income from its more than $30 billion in client funds held. I favor the company's fast new business bookings' growth. I am initiating with a ‘Buy' rating with a fair value of $355 per share. It is evident that ADP's growth has been driven by steady pays per control growth, worksite employee growth, and fast new business booking growth over the past few y Show less Read more
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