MTStock Studio Investment Thesis Automatic Data Processing (NASDAQ:ADP) reported results on the 31st January, beating on EPS and revenues. The share price year to date is up just under 5% against the S&P 500 which is up 9.6%. The company sports strong returns on capital driven by a profitable business model that grows organically. The performance has lagged the S&P500 over the last 5-years but ADP has outperformed competitors such as Workday (WDAY) and Paychex (PAYX). 5-year returns (yahoo finance) The comp ...