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Automatic Data Processing, Inc. (ADP): A Bull Case Theory 

We came across a bullish thesis on Automatic Data Processing, Inc. on Compounding Dividends’s Substack by TJ Terwilliger. In this article, we will summarize the bulls’ thesis on ADP. Automatic Data Processing, Inc.'s share was trading at $214.47 as of February 20th. ADP’s trailing and forward P/E were 29.05 and 26.53, respectively according to Yahoo Finance.

Automatic Data Processing, Inc. (ADP) is the undisputed leader in the global payroll and Human Capital Management (HCM) market, providing essential cloud-based solutions that help businesses manage the entire employment...