Automatic Data Processing (ADP)

Bill Ackman.

Ackman

Dominant provider of payroll processing for large companies. Wide moat, above average, and growing, dividend makes for a solid Total Return investment.

Dominant market position, nice dividend payer and grower.

Excellent, wide moat company

This "dividend aristrocrat", according to Dividends4Life, continues to increase its cash dividend year after year, with room to spare, and has outperformed the S&P historically.

Way overbought here....numbers don't add up. Short.

Long term dividend pick

They are well managed enough for their stock price to slightly outperform over the long long term

fool

Mmm...business outsourcing solutions...

Nice Dividend

Virtually no debt, nice fat dividend, reasonable payout, market leader. All it has to do is grow with the economy and keep paying dividends and you have very low risk stable 9% return (3.5% dividend, 5.5% earnings growth - avg long term historical market trend). Anything else is gravy....

ADP is a huge service to employers with complications driven on taxes and ever growing issues per employee per state line. New business will find them worth the $$$ and existing businesses will continue to use their services down the road.

e-ink

This stock has weathered the recession much better than most. 40% of their business is doing payroll for other companies. As unemployment improves later this year business will improve. Also this Co. invests
payroll dollars and makes money on cashflow. This will also improve when interest rates get off the floor.
Solid company good dividends.

One of the "old reliable" type companies. This is a company that is increasing its profits and its dividend in this stressed economy.

Has outperformed for the past 6 months without real merit. Yes, this is a good company, but it seems overvalued at these levels. I'm also concerned about their rolls dropping due to economic contraction. ADP is larger than its competitors, but don't underestimate their competitors' pitch to prospectives claiming to save money on payroll processing...

I'm the technical owner of our ADP applications at my company. Their offerings are comparable to their competitors, their support is reasonable, and their systems are sound although inscrutable at times. However, ADP has a strong economic moat due to the difficulty encounter when attempting to switch away from their applications. We spec'ed out a project to replace just one of their systems and it came out to be so expensive that it would have taken decades to recoup the cost, so we will continue with ADP systems for the forseeable future. ADP is known as the industry leader in business systems and has no serious competition to that title. It has competitors, for sure, but none of them have the reputation that ADP has.

ADP is also a dividend aristocrat.