On July 25, Automatic Data Processing Inc rose 3.06% in regular trading, trading at $250.32/share, with turnover of $197 million.
On the news front, the company is scheduled to report fiscal Q4 earnings on July 29 before market open. Consensus estimates project quarterly revenue of approximately $5.437 billion, representing 7.80% year-over-year growth, with adjusted EPS of $2.60, up 16.37% year-over-year. RBC Capital Markets expects a modest fiscal Q4 beat, citing stable client retention and bookings growth in the upper half of the 4%-7% guidance range.
At the sector level, selling pressure from four consecutive weeks of slowing U.S. private-sector hiring has eased, driving a broad recovery across human resource stocks. Among peers, Paycom rose 5.13%, Paylocity gained 3.87%, ManpowerGroup advanced 3.48%, and Paychex climbed 3.21%. UBS recently raised its price target on ADP to $270 from $260 while maintaining a Neutral rating.
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