Automatic Data Processing Inc. (NASDAQ:ADP) does about 1.68M shares in volume on a normal day but saw 1654692 shares change hands in Monday trading. The company now has a market cap of 98.33B USD. Its current market price is $240.96, marking an increase of 1.60% compared to the previous close of $237.17. The 52 week high reached by this stock is $274.92 whilst the lowest price level in 52 weeks is $192.26. The script in recent trading has seen the stock touch a high of $241.86 and a low of $235.44.
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Automatic Data Processing Inc. (ADP) has a 20-day trading average at $239.31 and the current price is -12.35% off the 52-week high compared with 25.33% distance from its 52-week low. The 50-day simple moving average of the closing price is $249.57 and its 200-day simple moving average is $233.97. If we look at the stock’s price movements over the week, volatility stands at 2.26%, which decreases to 2.04% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 48.27 to suggest the stock is neutral.
The consensus objective for the share price is $252.71, suggesting that the stock has a potential upside of 4.65% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 09, 2022 when BofA Securities upgraded the stock to “Neutral” and issued a price target of $223. JP Morgan downgraded the stock to “Underweight” from Neutral on August 17, 2021 at a price target of $224. Credit Suisse downgraded its price target at $215.
The current price level is 0.56%, -3.48%, and 2.99% away from its SMA20, SMA50, and SMA200 respectively, with the ADP price moving above the 50-day SMA on January 23. Automatic Data Processing Inc. (ADP) stock is down -1.79% over the week and -1.21% over the past month. Its price is 0.88% year-to-date and 9.37% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $1.86 above consensus estimates by $0.07. ADP’s earnings per share are forecast to grow by 15.80% this year and 11.50% over next year. Expected sales for next quarter are $4.88 billion, which analysts say will come at $17.92 billion for the current fiscal year and next year at $19.19 billion. In addition, estimates put the company’s current quarterly revenue at an average of $4.37 billion.
To reach the target analysts have set, the stock logically needs to grow 4.65 percent from here.
Outstanding shares total 414.60M with insiders holding 0.11% of the shares and institutional holders owning 80.57% of the company’s common stock. The company has a return on investment of 47.10% and return on equity of 80.50%. The price to earnings ratio (P/E ratio) amounts to 33.38 while the forward price to earnings ratio is 26.83. The beta has a value of 0.86. Price to book ratio is 38.80 and price to sales ratio is 5.82.
According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Automatic Data Processing Inc. (ADP) to 12,617,999 shares, mirroring a recent increase by 0.76%. Vanguard Total Stock Market Index added 95002.0 shares of Automatic Data Processing Inc. common stock bringing its total worth to about $3.01 billion at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard 500 Index Fund, which added 68292.0 shares to end up with 9,588,877 shares worth $2.29 billion. Schwab US Dividend Equity ETF raise their holdings by 0.06% in the company over the course of the most recent quarter. It now holds a 1.57% position in Automatic Data Processing Inc. thanks to 6.52 million shares amounting to $1.56 billion.
