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New Big Money Means Automatic Data Processing Inc. (ADP) Investors Could Reap Benefit

Automatic Data Processing Inc. (NASDAQ: ADP) is 5.22% higher on its value in year-to-date trading and has touched a low of $201.46 and a high of $256.84 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ADP stock was last observed hovering at around $247.66 in the last trading session, with the day’s loss setting it -2.53%.

Currently trading at $245.13, the stock is -0.01% and -0.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.25 million and changing -1.02% at the moment leaves the stock 2.49% off its SMA200. ADP registered 10.11% gain for a year compared to 6-month gain of 2.41%. The firm has a 50-day simple moving average (SMA 50) of $5.85 and a 200-day simple moving average (SMA200) of $18.78.

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The stock witnessed a -0.43% loss in the last 1 month and extending the period to 3 months gives it a 5.02%, and is 0.02% 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 1.88% over the week and 1.45% over the month.

Automatic Data Processing Inc. (ADP) has around 63000 employees, a market worth around $100.70B and $18.59B in sales. Current P/E ratio is 28.53 and Fwd P/E is 24.51. Profit margin for the company is 19.14%. Distance from 52-week low is 21.68% and -4.56% from its 52-week high. The company has generated returns on investments over the last 12 months (46.59%).

Automatic Data Processing Inc. quarterly earnings per share for the current quarter are estimated at $2.79 with sales reaching $5.22B over the same period.The EPS is expected to grow by 10.79% this year, but quarterly earnings will post 6.30% year-over-year.

2,635 institutions hold shares in Automatic Data Processing Inc. (ADP), with institutional investors hold 83.76% of the company’s shares. The shares outstanding are 412.10M, and float is at 408.73M with Short Float at 1.27%. Institutions hold 83.66% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 39.17 million shares valued at $8.61 billion. The investor’s holdings represent 9.51% of the ADP Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 33.88 million shares valued at $7.45 billion to account for 8.22% of the shares outstanding. The other top investors are State Street Corporation which holds 17.98 million shares representing 4.36% and valued at over $3.95 billion, while Morgan Stanley holds 2.62% of the shares totaling 10.79 million with a market value of $2.37 billion.

Automatic Data Processing Inc. (ADP) Insider Activity

The most recent transaction is an insider sale by KUTAM SREENIVASA, the company’s Corp VP. SEC filings show that KUTAM SREENIVASA sold 368 shares of the company’s common stock on Mar 04 ’24 at a price of $247.01 per share for a total of $90900.0. Following the sale, the insider now owns 20319.0 shares.

Automatic Data Processing Inc. disclosed in a document filed with the SEC on Mar 01 ’24 that Albinson Brock (Corp. VP) sold a total of 1,170 shares of the company’s common stock. The trade occurred on Mar 01 ’24 and was made at $249.43 per share for $0.29 million. Following the transaction, the insider now directly holds 4025.0 shares of the ADP stock.

Still, SEC filings show that on Mar 01 ’24, KUTAM SREENIVASA (Corp VP) disposed off 694 shares at an average price of $249.43 for $0.17 million. The insider now directly holds 20,687 shares of Automatic Data Processing Inc. (ADP).

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