Automatic Data Processing Inc (NASDAQ: ADP) is 2.53% higher on its value in year-to-date trading and has touched a low of $231.27 and a high of $309.63 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 $297.10 in the last trading session, with the day’s gains setting it 3.05%.
Currently trading at $300.15, the stock is 2.27% and 0.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.62 million and changing 1.03% at the moment leaves the stock 10.99% off its SMA200. ADP registered 25.88% gain for a year compared to 6-month gain of 20.26%. The firm has a 50-day simple moving average (SMA 50) of $297.8838 and a 200-day simple moving average (SMA200) of $270.18604.
The stock witnessed a 2.04% loss in the last 1 month and extending the period to 3 months gives it a 3.49%, and is 1.34% 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 1.36% over the week and 1.41% over the month.
Automatic Data Processing Inc (ADP) has around 64000 employees, a market worth around $122.30B and $19.52B in sales. Current P/E ratio is 32.07 and Fwd P/E is 27.56. Profit margin for the company is 19.71%. Distance from 52-week low is 29.78% and -3.06% from its 52-week high. The company has generated returns on investments over the last 12 months (44.52%).
with sales reaching $4.96B over the same period.The EPS is expected to grow by 8.47% this year, but quarterly earnings will post 6.23% year-over-year. Quarterly sales are estimated to grow 6.20% in year-over-year returns.
Automatic Data Processing Inc (ADP) Top Institutional Holders
2853.0 institutions hold shares in Automatic Data Processing Inc (ADP), with institutional investors hold 84.60% of the company’s shares. The shares outstanding are 407.70M, and float is at 406.91M with Short Float at 1.50%. Institutions hold 84.50% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 40.22 million shares valued at $9.6 billion. The investor’s holdings represent 9.7986% of the ADP Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 34.09 million shares valued at $8.14 billion to account for 8.304 of the shares outstanding. The other top investors are STATE STREET CORP which holds 17.91 million shares representing 4.363% and valued at over $4.3 billion, while MORGAN STANLEY holds 2.8067 of the shares totaling 11.52 million with a market value of $2.75 billion.
Automatic Data Processing Inc (ADP) Insider Activity
The most recent transaction is an insider sale by Magliulo Virginia, the company’s Corp VP. SEC filings show that Magliulo Virginia sold 3,578 shares of the company’s common stock on Jan 13 ’25 at a price of $285.50 per share for a total of $1.02 million. Following the sale, the insider now owns 9141.0 shares.
Automatic Data Processing Inc disclosed in a document filed with the SEC on Jan 13 ’25 that Foskett David (Corp. VP) sold a total of 1,067 shares of the company’s common stock. The trade occurred on Jan 13 ’25 and was made at $286.15 per share for $0.31 million. Following the transaction, the insider now directly holds 6140.0 shares of the ADP stock.
Still, SEC filings show that on Jan 13 ’25, Foskett David (Officer) Proposed Sale 1,067 shares at an average price of $286.15 for $0.31 million. The insider now directly holds shares of Automatic Data Processing Inc (ADP).
