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Why Is Software Megacap ADP's Stock Trading Higher Today?

Automatic Data Processing, Inc (NASDAQ:ADP) reported fiscal third-quarter 2024 revenues of $5.25 billion, beating the analyst consensus of $5.23 billion. Revenues increased 7% Y/Y. The company reported quarterly adjusted EPS of $2.88, beating the analyst consensus of $2.79. The stock price gained after the print. Adjusted EBIT increased 12% to $1.5 billion, and adjusted EBIT margin increased 140 bps to 29.3%. Net earnings increased 14% Y/Y to $1.2 billion, and adjusted net earnings increased 13% ....

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Automatic Data Processing, Inc. (NASDAQ:ADP) Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp increased its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,761 shares of the business services provider’s stock after acquiring an additional 4,872 shares during the quarter. […] ....

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