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Is Automatic Data Processing, Inc. (ADP) A Good Stock To Buy Now?

Is ADP a good stock to buy? We came across a bullish thesis on Automatic Data Processing, Inc. on Quality At A Fair Price’s Substack. In this article, we will summarize the bulls’ thesis on ADP. Automatic Data Processing, Inc.'s share was trading at $229.08 as of June 8th. ADP’s trailing and forward P/E were 21.64 and 19.08 respectively according to Yahoo Finance.

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Automatic Data Processing (ADP) is one of the world’s leading providers of cloud-based human capital management...