1 Magnificent Dividend Stock Down 35% to Buy and Hold Forever
Source: Motley Fool
2026-02-26 21:35:00 ET
Over the past year, a double whammy of headwinds has hit Automatic Data Processing (NASDAQ: ADP) , better known as ADP. First, concerns about the sluggish employment market have continued to pressure the payroll processor and HR software provider's shares.
More recently, ADP has sold off due to fears that generative artificial intelligence (AI) will hurt the business. Much as with enterprise software stocks, investors are worried that mass adoption of AI will bode poorly for ADP's business model.
Add in additional concerns, and it's easy to see why shares are down by more than 35% from their 52-week high.
Automatic Data Processing Inc.
NASDAQ: ADP
ADP Trading
0.69% G/L:
$211.34 Last:
1,247,677 Volume:
$211.27 Open:
ADP Latest News
March 17, 2026 08:15:00 am
ADP National Employment Report Preliminary Estimate for February 28, 2026
March 10, 2026 08:15:00 am
ADP National Employment Report Preliminary Estimate for February 21, 2026
March 06, 2026 08:20:00 pm
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ADP Stock Data
$90,405,739,049
398,617,920
0.05%
1391
N/A
Corporate Services
Industrials
US
Roseland
