On July 29, Automatic Data Processing Inc rose 3.37% in regular trading, trading at $273.835/share, with turnover of $56.22 million. The stock gained momentum following the release of fiscal Q4 results before market open.

On the news front, Automatic Data Processing Inc reported fiscal Q4 adjusted EPS of $2.64, surpassing the consensus estimate of $2.59-$2.60 and representing a 16.81% year-over-year increase from $2.26. Revenue came in at $5.474 billion, beating the $5.437 billion estimate and reflecting 7.80% annual growth. RBC Capital Markets had previously projected a modest beat, estimating revenue of $5.46 billion and EPS of $2.62, citing stable client retention, 1% growth in revenue per payroll run, and bookings growth in the upper half of the company's 4%-7% guidance range.

UBS had earlier raised its price target on ADP to $270 from $260 while maintaining a Neutral rating. Sector-wide strength in Human Resource & Employment Services provided additional tailwinds, with Paycom up 3.62%, Kanzhun Limited up 3.08%, and Paychex up 2.51%.

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