Automatic Data Processing Inc. (NASDAQ: ADP) is 14.97% higher on its value in year-to-date trading and has touched a low of $205.53 and a high of $269.49 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 $264.54 in the last trading session, with the day’s gains setting it 3.31%.
Currently trading at $267.85, the stock is 3.18% and 7.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.3 million and changing 1.25% at the moment leaves the stock 10.18% off its SMA200. ADP registered 6.67% gain for a year compared to 6-month loss of 5.49%.
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The stock witnessed a 7.85% gain in the last 1 month and extending the period to 3 months gives it a 6.23%, and is 1.91% 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 1.00% over the week and 1.76% over the month.
Automatic Data Processing Inc. (ADP) has around 64000 employees, a market worth around $109.23B and $19.20B in sales. Current P/E ratio is 29.43 and Fwd P/E is 24.56. Profit margin for the company is 19.54%. Distance from 52-week low is 30.32% and -0.61% from its 52-week high. The company has generated returns on investments over the last 12 months (47.69%).
The EPS is expected to grow by 9.23% this year
2737.0 institutions hold shares in Automatic Data Processing Inc. (ADP), with institutional investors hold 84.06% of the company’s shares. The shares outstanding are 408.10M, and float is at 406.57M with Short Float at 1.04%. Institutions hold 83.93% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 39.77 million shares valued at $9.93 billion. The investor’s holdings represent 9.688 of the ADP Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 33.78 million shares valued at $8.44 billion to account for 8.2281 of the shares outstanding. The other top investors are STATE STREET CORP which holds 17.83 million shares representing 4.3427 and valued at over $4.48 billion, while MORGAN STANLEY holds 2.8079 of the shares totaling 11.53 million with a market value of $2.88 billion.
Automatic Data Processing Inc. (ADP) Insider Activity
The most recent transaction is an insider sale by Rodriguez Carlos A, the company’s Executive Chair. SEC filings show that Rodriguez Carlos A sold 87,798 shares of the company’s common stock on Aug 01 ’24 at a price of $261.02 per share for a total of $22.92 million. Following the sale, the insider now owns 40757.0 shares.
Automatic Data Processing Inc. disclosed in a document filed with the SEC on Aug 01 ’24 that Black Maria (President & CEO) sold a total of 15,440 shares of the company’s common stock. The trade occurred on Aug 01 ’24 and was made at $260.38 per share for $4.02 million. Following the transaction, the insider now directly holds 53751.0 shares of the ADP stock.
Still, SEC filings show that on Aug 01 ’24, Rodriguez Carlos A (Director) Proposed Sale 87,798 shares at an average price of $261.02 for $22.92 million. The insider now directly holds shares of Automatic Data Processing Inc. (ADP).
