Published Thu, 12 Oct 2017 08:10:36 -0400 on Seeking Alpha
Here is why I think Automatic Data Processing (ADP) is a must-have in any dividend investor's portfolio:
1) It has a distinct competitive advantage in its marketplace
2) It has shown dynamic growth in both dividends and total return
3) It still trades at a relatively reasonable valuation
ADP's Competitive Advantage In the world of big data, everything that can be analyzed - is being analyzed. Companies are using data science to solve all kinds of business problems - from how to maximize cost savings to how to increase brand loyalty among existing customers. This space has become very competitive, and the ones that thrive are those who have carved out a very defined niche in this space. Enter Automatic Data Processing (ADP).
This company is one of the few that has been preparing for the information age before it became mainstream. ADP started out as a manual payroll processing business, and has since gone on to become a pioneer of the provision of data services for human resource and payroll purposes.
As well as automating these processes for some of the world's largest companies, ADP's big data strategy has gone on to allow companies to gather mission-critical data to maximize employee value, through unearthing insights such as company vs. industry salaries, methods to increase employee retention based on factors specific to particular roles, etc.
The value of the insights that ADP is able to generate for its clients is not necessarily as a... Read more
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