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AI Equity Research · Technology

Automatic Data Processing, Inc. (ADP)

AI stock analysis · Software - Application · Last analyzed Aug 17, 2026

Compass Score
3.0/5
Call
Hold
Price
$272.96
AI Target
$286.93 +5.1%
AI Analyst Summary

ADP's core bull thesis rests on its dominant market position in payroll processing and human capital management, generating high-margin, recurring revenue streams that are resilient across economic cycles — forward P/E of 20.4x reflects this quality at a reasonable price. Steady earnings growth of 9.8% YoY, a perfect recent EPS beat record, and consistent capital returns (buybacks + dividends) reinforce the quality of the franchise. The key risk is that a PEG of 2.53x and a predominantly Hold analyst consensus leave limited near-term re-rating potential unless growth meaningfully accelerates.

Catalysts
Fundamentals
Pe Trailing P/E: 24.9x | Forward P/E: 20.4x · 4.0/5
Trailing P/E of 24.9x and forward P/E of 20.4x are reasonable for a high-quality, capital-light payroll and HCM platform with durable recurring revenues. Valuation is modestly below typical software-application peers and is growth-justified given ADP's margin profile.
Peg PEG: 2.53x · 2.0/5
A PEG of 2.53x sits in the 2.0–3.0 range, signaling that the market is pricing in a meaningful quality premium relative to ADP's near-term earnings growth rate of ~10%. Investors are paying up for defensiveness and consistency, but upside is capped at current growth rates.
Analyst Rating Hold consensus (2.7) · 3.0/5
Consensus of 2.7 on the inverted scale maps to the Hold/neutral zone, with a breakdown of 4 Buy, 12 Hold, and 2 Sell across 15 analysts. Broad coverage provides statistical reliability, but the weight of opinion is cautious rather than constructive at current levels.
Earnings Trend EPS Growth YoY: +9.8% | Revenue Growth YoY: +6.8% · 3.0/5
Earnings growth of 9.8% YoY is solid and consistent, but falls short of the >25% threshold for a top score. Revenue growth of 6.8% reflects ADP's mature, large-cap profile. Growth is stable but not accelerating, warranting a neutral score.
Price Target Beat EPS Beat Rate: 4 of 4 quarters · 3.0/5
ADP has beaten EPS estimates in all 4 of the most recent quarters, which is encouraging. However, only 4 quarters of data are available — per scoring rules, a full 8-quarter history is required to move above 3. Execution is clearly strong, and this score should be viewed as a floor pending more data.
Management Consistent EPS Beater | Steady Capital Returns · 4.0/5
A perfect 4-of-4 recent EPS beat record signals disciplined guidance and reliable execution. ADP's management has a long track record of share buybacks and dividend growth, reflecting strong capital allocation. Analyst confidence is moderate but stable, supporting an above-average management score.
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