This can be a key source of profits in the payroll biz. Note that when interest rates rise, ADP earns more, as long as the number of employed people doesn't fall. And vice versa. Of course a Flowie below 1.00 is best, but this is respectable. ADP's more recent numbers are even more impressive and promising.
Management is bullish.
If I've piqued your interest by this point, I'm glad, as this is a company well worth some further research. I myself don't own any shares of ADP, but it's on my watch list. A Stock to Love represents the opinion of one Fool and in no way should be taken as the opinion of either The Motley Fool, Inc., the company in question, or representative of anyone or anything else other than that specific Fool's thoughts. The Motley Fool. All rights reserved.