10 Best Human Resources Stocks To Invest In

3. Automatic Data Processing, Inc. (NASDAQ:ADP)

Number of Hedge Fund Holders: 49

Automatic Data Processing, Inc. (NASDAQ:ADP) ranks third on our list of the best human resources stocks to invest in. ADP is a management service company that provides human resources management services, tax services, online payroll services, and tax solutions. The company provides recruiting and hiring services, talent management services, activation services, retirement plans, and workers’ compensation services. ADP has as its mission to optimize operations for businesses such that forecasting budgeting, and scheduling become extremely simple.

The company recently released results for its fiscal second quarter of 2025. By the end of the quarter, Automatic Data Processing, Inc. (NASDAQ:ADP) had more than 1.1 million clients across 140 countries, managed by nearly 64,000 global ADP associates. The company also now delivers payroll for more than 42 million workers across the globe. During the quarter, ADP generated $19.2 billion in revenue, up from $15 billion in the fiscal year 2021.

As of now, the company’s total addressable market stands at $175 billion, and expects its market to grow by 5-6% in the fiscal year 2025 and beyond. This explains why hedge funds were bullish on the stock, given that 49 hedge funds held stakes in ADP at the close of Q3 2024.