Automatic Data Processing: Love The Dividend Growth, But Don't Chase The Rally

Impact · against what's priced in

The updated guidance and earnings strength for ADP are largely consistent with the mid-single-digit growth the market already expects. While the outlook is positive, it confirms existing assumptions rather than triggering a rerating.

ADP+0.10

Already priced in

The price assumes

Steady revenue growth of roughly 6% annually

The raised FY'27 outlook and robust earnings support the steady mid-single-digit growth trajectory that the price already accounts for.

What ADP's price assumes · Sep 9

• earnings▲6%
• valuation
• ADP
• buybacks
• dividend growth
• dividend king
• income investing
• industrial

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