Automatic Data Processing (NASDAQ:ADP)
The Company is a provider of business outsourcing solutions. It offers number of HR, payroll, tax and benefits administration solutions from a single source and also provides integrated computing solutions to automotive and recreational vehicle dealers.
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Does payroll; earns interest on the money while it holds it.
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Not the most exciting pick, but a great company just regaining its stride. Favorable rate environment and improving employments will help too. Great Cash flow.
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ADP is the best in their business, and they continue to shave non-essential businesses as well as leverage technology to improve on their core competencies and attract new customers.
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Dominant payroll supplier. Payroll services require trust from the employer and I believe they have a solid moat and brand name (every job I've had ranging from retail to non-profit has used them)
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