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Updated · MarketWatch · May 1Automatic Data Processing stock rises but underperforms competitors
10 articles · Updated · MarketWatch · May 1
- ADP gained 1.07% to $214.21 on Friday as the S&P 500 rose 0.29% and the Dow Jones Industrial Average fell 0.31%.
- The payroll and HR services company's shares lagged rivals including Oracle, up 6.47%, Workday, up 3.73%, and Accenture, up 0.63%.
- ADP closed 35.07% below its 52-week high of $329.93 reached on 6 June, while trading volume of 2.6 million stayed below its 50-day average.
With insiders selling stock, is ADP's dividend masking deeper vulnerabilities to AI disruption? As rivals bet big on AI, can ADP’s incremental changes prevent it from becoming the next corporate relic?