5 Best Staffing Company Stocks To Buy Now

3. Automatic Data Processing Inc (NASDAQ:ADP)

Number of Hedge Fund Investors: 49

HR-related software and services company Automatic Data Processing ranks 3rd in our list of the best staffing stocks to buy now. Perhaps the biggest reason to like the stock amid the current broader market turmoil is its riveting dividend history. The company has upped its dividend for about five decades now. BofA in March shared its screen of “sleep at night” stocks and ADP was one of these stocks. The stock was categorized under the “consistent dividend growers screen.”

As of the end of the fourth quarter of 2022, 49 hedge funds tracked by Insider Monkey had stakes in the company. The total value of these stakes was $3.5 billion. The biggest stakeholder of the company was Terry Smith’s Fundsmith LLP which owns a $1.3 billion stake in the company.