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Automatic Data Processing, Inc. (NASDAQ:ADP) is included among the 13 Most Undervalued Dividend Stocks to Buy According to Wall Street Analysts.
Automatic Data Processing, Inc. (NASDAQ:ADP) is a New Jersey-based provider of human resource management software and services, with a strong focus on technology-driven innovation, global growth, and outsourcing solutions.
On October 29, Automatic Data Processing, Inc. (NASDAQ:ADP) announced the acquisition of Pequity, a compensation management software firm established in 2019. The deal is expected to enhance ADP’s suite of tools designed to meet the complex compensation planning requirements of mid-sized, enterprise, and multinational clients.
Sreeni Kutam, president of Global Product and Innovation at ADP, made the following comment:
“From changing pay transparency laws and regulations to the growing need for deeper insights and analytics, employers today need flexible compensation solutions to help them address the dynamic talent market and make informed pay decisions. We are excited to welcome the Pequity team to ADP and will leverage the deep expertise across both teams to further innovate and address the evolving compensation management landscape.”
Automatic Data Processing, Inc. (NASDAQ:ADP) is also known for its consistent dividend growth, having increased its payouts for 50 consecutive years. The company offers a quarterly dividend of $1.54 per share and has a dividend yield of 2.36%, as of October 29.
While we acknowledge the potential of ADP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Dividend Stocks Under $10 to Invest in and 11 Best FTSE Dividend Stocks to Buy Right Now
Disclosure: None.
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