Is Automatic Data Processing (ADP) Stock Outpacing Its Computer and Technology Peers This Year?

Group 1 - Automatic Data Processing (ADP) is a notable stock within the Computer and Technology sector, which consists of 609 individual stocks and holds a Zacks Sector Rank of 5 [2] - ADP currently has a Zacks Rank of 2 (Buy), indicating a positive outlook based on earnings estimates and revisions, with a 0.6% increase in the consensus estimate for full-year earnings over the past 90 days [3] - Year-to-date, ADP has returned 5.9%, outperforming the average return of 5.7% for the Computer and Technology sector [4] Group 2 - ADP is part of the Internet - Software industry, which includes 173 stocks and currently ranks 47 in the Zacks Industry Rank, with the industry gaining an average of 14.8% this year, indicating that ADP is slightly underperforming its industry [6] - Investors should monitor both ADP and Adyen N.V. Unsponsored ADR, as both stocks are expected to maintain solid performance moving forward [7]