Is ADP’s Stock Fairly Priced?
- Thursday, October 3, 2019, 6:01
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Automatic Data Processing achieved steady growth in fiscal 2019 (ending June), with the company’s revenues increasing 6% year-over-year to $14.2 billion while net income surged by 22% to $2.3 billion. In addition, the company’s adjusted EBIT margin expanded by 160 basis.