Automatic Data Processing Inc. (NASDAQ: ADP) is 12.73% higher on its value in year-to-date trading and has touched a low of $205.53 and a high of $258.75 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 $257.74 in the last trading session, with the day’s gains setting it 4.88%.
Currently trading at $262.62, the stock is 7.72% and 7.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.93 million and changing 1.89% at the moment leaves the stock 8.97% off its SMA200. ADP registered 6.21% gain for a year compared to 6-month loss of 10.07%.
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The stock witnessed a 11.44% gain in the last 1 month and extending the period to 3 months gives it a 8.57%, and is 6.28% 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 2.14% over the week and 1.63% over the month.
Automatic Data Processing Inc. (ADP) has around 63000 employees, a market worth around $107.49B and $18.91B in sales. Current P/E ratio is 29.32 and Fwd P/E is 24.13. Profit margin for the company is 19.56%. Distance from 52-week low is 27.78% and 1.50% from its 52-week high. The company has generated returns on investments over the last 12 months (46.67%).
The EPS is expected to grow by 9.01% this year
The shares outstanding are 412.10M, and float is at 408.73M with Short Float at 1.17%.
Automatic Data Processing Inc. (ADP) Insider Activity
The most recent transaction is an insider sale by DeSilva Joseph, the company’s Corp VP. SEC filings show that DeSilva Joseph sold 376 shares of the company’s common stock on Jun 13 ’24 at a price of $244.27 per share for a total of $91846.0. Following the sale, the insider now owns 16019.0 shares.
Automatic Data Processing Inc. disclosed in a document filed with the SEC on Mar 04 ’24 that KUTAM SREENIVASA (Corp VP) sold a total of 368 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $247.01 per share for $90900.0. Following the transaction, the insider now directly holds 20319.0 shares of the ADP stock.
Still, SEC filings show that on Mar 01 ’24, Albinson Brock (Corp. VP) disposed off 1,170 shares at an average price of $249.43 for $0.29 million. The insider now directly holds 4,025 shares of Automatic Data Processing Inc. (ADP).
