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Christopher D’Ambrosio, Corporate Vice President at Automatic Data Processing Inc. (NASDAQ:ADP), a prominent player in the Professional Services industry with a market capitalization of nearly $120 billion, has sold a portion of his holdings in the company. According to a recent SEC filing, D’Ambrosio sold 473 shares of common stock at a price of $306.20 per share, totaling $144,832. Based on InvestingPro analysis, ADP is currently trading above its Fair Value, with a GOOD overall financial health score.
The transactions were executed as part of a pre-established Rule 10b5-1 trading plan adopted in September 2024. Additionally, D’Ambrosio exercised stock options to acquire 599 shares at prices ranging from $146.75 to $169.84, amounting to a total of $96,515. Following these transactions, D’Ambrosio holds approximately 7,244 shares of ADP. The company has maintained dividend payments for 52 consecutive years, with a current dividend yield of 2.11%. InvestingPro subscribers have access to 15 more key insights about ADP’s valuation and financial performance through comprehensive Pro Research Reports.
In other recent news, Automatic Data Processing Inc. (ADP) reported its second-quarter fiscal 2025 earnings, showcasing an 8% increase in revenue year-over-year. The company also exceeded analysts’ expectations with a 10% rise in adjusted earnings per share (EPS), slightly above the forecasted $2.30, reaching $2.35. ADP’s Employer Services segment achieved record new business bookings, contributing significantly to the company’s robust performance. The company maintained its full-year guidance, projecting consolidated revenue growth of 6-7% and adjusted EPS growth of 7-9%, despite anticipated softness in the third quarter due to foreign exchange headwinds and integration expenses.
Additionally, ADP announced a strategic partnership with Fiserv (NYSE:FI), aimed at integrating Fiserv’s Clover platform with ADP Run to enhance small business solutions. This move aligns with ADP’s strategic focus on innovation and partnerships to maintain its market position. The acquisition of Workforce Software (ETR:SOWGn) is progressing as planned, expected to enhance ADP’s product offerings further.
In related developments, the ADP National Employment Report indicated a slowdown in U.S. private sector job growth, with 77,000 jobs added in February, down from 183,000 in January. Despite the deceleration, annual pay rose by 4.7%, and medium-sized establishments led employment growth. ADP’s chief economist attributed the hiring slowdown to policy uncertainty and reduced consumer spending.
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