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-0.000955400897747392 0.000741259317217718 -0.000123543219536306 0.0016472429271507 0.00156488078079313 -0.00975991434336781 -0.0170077832228308 -0.0231231725898777
Stock impact report

TD Cowen Reviews ADP as Segment Performance Diverges [Yahoo! Finance]

Automatic Data Processing, Inc. (ADP) 
Last automatic data processing, inc. earnings: 4/29 06:56 am Check Earnings Report
US:NASDAQ Investor Relations: investors.adp.com
Company Research Source: Yahoo! Finance
TD Cowen trimmed its price objective on Automatic Data Processing, Inc. (NASDAQ:ADP) on January 29 to $255 from $263. The firm also kept a Hold rating on the stock, noting ADP continues to perform well in its Employer Services business, but softer results in the PEO segment are raising some caution. TD Cowen added that broader pressures across the sector are still weighing on the outlook. That cautious stance comes even after a better-than-expected quarter. A day earlier, on January 28, ADP raised its full-year revenue forecast and beat profit estimates, supported by steady demand for payroll and HR services. Second-quarter revenue came in at $5.36 billion, slightly ahead of the $5.34 billion analysts were expecting, based on data from LSEG. Adjusted earnings were $2.62 per share, topping the consensus estimate of $2.57. Following the results, ADP said it now expects revenue to grow about 6% for the year, which sits at the upper end of its previous guidance range. The company's U Show less Read more
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