ADP Stock Tumbles 4.57% Over Two Days Despite Strong Financials
1min read In recent market activity, automatic data processing (ADP) experienced a decline of 3.48% on March 11, marking its second consecutive day of losses, culminating in a 4.57% drop over two days. The stock reached its lowest point since January 2025 during trading.
On March 4, ubs maintained a neutral rating for adp, with the most recent target price set at $324.00. This reflects a cautious outlook amid shifting market dynamics and potentially broader economic pressures.
ADP released its mid-year report on January 30, detailing the period ending December 31, 2024. The company reported revenue of $9.881 billion, which represents a 7.63% increase year-over-year. Net profit stood at $1.92 billion, with basic earnings per share at $4.71, underscoring the company's stable financial performance amid a challenging business climate.
Founded in Delaware in June 1961 and publicly listed by September of the same year, ADP has cemented its position as a preeminent provider of cloud-based Human Capital Management (HCM) solutions on a global scale. Its offerings, a blend of software and outsourced services, are designed to aid employers in navigating a complex and evolving regulatory environment while managing workforce changes.
