2024-03-24 10:05:14 ET
Summary
- Automatic Data Processing is the largest provider of payroll and human capital management services, operating in a $150 billion market.
- The company has a highly diversified business model with three segments: Employer Services, Professional Employer Organization, and Interests on Funds.
- ADP enjoys competitive advantages such as strong switching costs, pricing power, and a solid brand image, making it a trusted choice for large companies.
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Automatic Data Processing: A Great DGI Stock