Automatic Data Processing Inc. (NASDAQ: ADP) is -0.72% lower on its value in year-to-date trading and has touched a low of $103.11 and a high of $179.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ADP stock was last observed hovering at around $177.50 in the last trading session, with the day’s loss setting it -2.56% off its average median price target of $180.00 for the next 12 months. It is also 16.7% off the consensus price target high of $210.00 offered by 22 analysts, but current levels are -16.63% lower than the price target low of $150.00 for the same period.
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Currently trading at $174.94, the stock is 2.99% and 3.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.09 million and changing -1.44% at the moment leaves the stock 13.44% off its SMA200. ADP registered 7.33% gain for a year compared to 6-month gain of 23.77%. The firm has a 50-day simple moving average (SMA 50) of $167.49 and a 200-day simple moving average (SMA200) of $158.85.
The stock witnessed a 5.95% loss in the last 1 month and extending the period to 3 months gives it a -0.18%, and is 1.67% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.65% over the week and 2.18% over the month.
Automatic Data Processing Inc. (ADP) has around 58000 employees, a market worth around $75.51B and $14.59B in sales. Current P/E ratio is 30.41 and Fwd P/E is 26.86. Profit margin for the company is 17.00%. Distance from 52-week low is 69.66% and -2.52% from its 52-week high. The company has generated returns on investments over the last 12 months (30.80%).
Automatic Data Processing Inc. (ADP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Automatic Data Processing Inc. (ADP) is a “Hold”. 22 analysts offering their recommendations for the stock have an average rating of 2.90, where 11 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Automatic Data Processing Inc. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $1.81 with sales reaching $4.08B over the same period.The EPS is expected to grow by 8.50% this year, but quarterly earnings will post 2.00% year-over-year. Quarterly sales are estimated to grow 0.80% in year-over-year returns.
Automatic Data Processing Inc. (ADP) Top Institutional Holders
1,993 institutions hold shares in Automatic Data Processing Inc. (ADP), with 445.06k shares held by insiders accounting for 0.10% while institutional investors hold 82.32% of the company’s shares. The shares outstanding are 427.40M, and float is at 427.09M with Short Float at 0.98%. Institutions hold 82.23% of the Float.
The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 37.79 million shares valued at $6.66 billion. The investor’s holdings represent 8.83% of the ADP Shares outstanding. As of Dec 30, 2020, the second largest holder is Blackrock Inc. with 30.5 million shares valued at $5.37 billion to account for 7.13% of the shares outstanding. The other top investors are State Street Corporation which holds 18.36 million shares representing 4.29% and valued at over $3.23 billion, while Morgan Stanley holds 3.19% of the shares totaling 13.66 million with a market value of $2.41 billion.
Automatic Data Processing Inc. (ADP) Insider Activity
A total of 86 insider transactions have happened at Automatic Data Processing Inc. (ADP) in the last six months, with sales accounting for 51 and purchases happening 35 times. The most recent transaction is an insider sale by Eberhard Michael C, the company’s Corporate Vice President. SEC filings show that Eberhard Michael C sold 3,805 shares of the company’s common stock on Feb 23 at a price of $172.01 per share for a total of $0.65 million. Following the sale, the insider now owns 27778.0 shares.
Automatic Data Processing Inc. disclosed in a document filed with the SEC on Feb 16 that Eberhard Michael C (Corporate Vice President) sold a total of 3,209 shares of the company’s common stock. The trade occurred on Feb 16 and was made at $165.88 per share for $0.53 million. Following the transaction, the insider now directly holds 31583.0 shares of the ADP stock.
Still, SEC filings show that on Feb 02, Brown Laura G (Corp. VP) disposed off 107 shares at an average price of $167.79 for $17954.0. The insider now directly holds 6,729 shares of Automatic Data Processing Inc. (ADP).
Automatic Data Processing Inc. (ADP): Who are the competitors?
The company’s main competitors (and peers) include Accenture plc (ACN) that is trading 36.76% up over the past 12 months. Intuit Inc. (INTU) is 42.88% up on the 1-year trading charts. Short interest in the company’s stock has fallen -3.33% from the last report on Jan 14, 2021 to stand at a total of 4.34 million short shares sold with a short interest ratio of 2.04.