Analyst Coverage

Automatic Data Processing, Inc. is covered by the following analysts.

Firm Analyst
Bank of America Merrill Lynch Jason Kupferberg
Barclays Ramsey El-Assal
BMO Capital Markets Jeffrey Silber
Citi Investment Research Ashwin Shirvaikar
Credit Suisse Kevin McVeigh
Deutsche Bank North America Bryan Keane
Evercore Partners David Togut
Goldman Sachs James Schneider
Guggenheim Securities Nandan Amladi
Jefferies Samad Samana
JP Morgan Tien-tsin Huang
MoffetNathanson Lisa Ellis
Morgan Stanley Steven Wald/James Faucette
Morningstar, Inc. Colin Plunkett
Northcoast Research Kartik Mehta
Robert W. Baird & Co. Mark Marcon
Stifel Nicolaus & Company David Grossman
Wedbush Securities Moshe Katri
William Blair & Co. Timothy McHugh
Wolfe Research Darrin Peller

Please note that any opinions, estimates or forecasts regarding Automatic Data Processing, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Automatic Data Processing, Inc. or its management. Automatic Data Processing, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.