Automatic Data Processing's strong stock performance, AI integration, strategic acquisitions & healthy cash flow indicate sustained growth in fiscal 2027.
ADP publishes the jobs data Wall Street watches every month, but its own payroll counts now tell a different story about where the labor market is actually heading.
One caveat to our overall agreeable employment situation these days is in the underperformance in Average Hourly Earnings.
Private companies added a net 90,000 jobs in September, up from a revised 36,000 jobs added in August, ADP said. Economists had expected to see 68,000 new private-sector jobs added.
The gold market is trying to find some stability but faces renewed headwinds as the U.S. private-sector labor market remains fairly resilient, according to the latest employment data from private payrolls processor ADP.ADP said Wednesday that 90,000 jobs were created in September, up from 36,000 in August. The data significantly beat expectations, as consensus estimates had forecast a gain of 73,000 jobs.
In this monthly series, I rank a selection of dividend growth stocks and present the top 10 stocks for consideration. This month's feature screen highlights 10 top Dividend Growth stocks with 25+ years of increases and 5-year DGRs above 8%. These stocks are high quality, with 94% being investment-grade. All score above 7.9 on 9F Quality Scores, my quality scoring system.
Automatic Data Processing, Inc. (ADP) Presents at Citi's 2026 Global TMT Conference Transcript
ADP's strong bookings, 92.1% retention, AI-driven margin gains and robust capital returns support its outlook despite employment and PEO pressures.
Automatic Data Processing remains a global HCM leader, benefiting from organic growth, low unemployment, and rising client fund yields. ADP's 51-year dividend growth streak, robust safety metrics, and low leverage underpin its Dividend King and Aristocrat status. Trading at ~22.7x FY 2027 EPS, ADP is slightly undervalued versus historical averages, with a fair value estimate of $294.24.
Weekly Jobless Claims Increase Marginally.
Pre-market indexes are mixed as bond yields are up but oil prices are up.
Not all Dividend Aristocrats are created equal, and three companies spanning payroll processing, supplemental insurance, and integrated energy have quietly stacked 25-plus years of annual raises through completely different cash engines.