Automatic Data Processing Inc. (ADP) is ready for next Episode as it posted an annual sales of 18,012 M

Automatic Data Processing Inc. (NASDAQ: ADP) on Tuesday, soared 0.96% from the previous trading day, before settling in for the closing price of $245.31. Within the past 52 weeks, ADP’s price has moved between $201.46 and $256.84.

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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 6.25%. The company achieved an average annual earnings per share of 10.79%. With a float of $408.73 million, this company’s outstanding shares have now reached $412.10 million.

The extent of productivity of a business whose workforce counts for 63000 workers is very important to gauge.

Automatic Data Processing Inc. (ADP) Insider Updates

Observing investor behavior towards Staffing & Employment Services industry stocks is more important than anything else. The insider ownership of Automatic Data Processing Inc. is 0.50%, while institutional ownership is 82.75%. The most recent insider transaction that took place on Mar 04 ’24, was worth 90,900. In this transaction Corp VP of this company sold 368 shares at a rate of $247.01, taking the stock ownership to the 20,319 shares. Before that another transaction happened on Mar 01 ’24, when Company’s Corp. VP sold 1,170 for $249.43, making the entire transaction worth $291,833. This insider now owns 4,025 shares in total.

Automatic Data Processing Inc. (ADP) Performance Highlights and Predictions

As on 12/30/2023, Multinational firm has announced its last quarter scores, in which it reported $2.13 earnings per share (EPS) for the period topping the consensus outlook (set at $2.1) by $0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.12 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 10.79% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.93% during the next five years compared to 14.07% growth over the previous five years of trading.

Automatic Data Processing Inc. (NASDAQ: ADP) Trading Performance Indicators

Automatic Data Processing Inc. (ADP) is currently performing well based on its current performance indicators. A quick ratio of 1.01 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.47. Likewise, its price to free cash flow for the trailing twelve months is 27.18.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.59, a number that is poised to hit 2.79 in the next quarter and is forecasted to reach 10.00 in one year’s time.

Technical Analysis of Automatic Data Processing Inc. (ADP)

The latest stats from [Automatic Data Processing Inc., ADP] show that its last 5-days average volume of 1.47 million was inferior to 1.9 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 64.82%. Additionally, its Average True Range was 3.78.

During the past 100 days, Automatic Data Processing Inc.’s (ADP) raw stochastic average was set at 76.15%, which indicates a significant increase from 71.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.75% in the past 14 days, which was higher than the 12.25% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $246.78, while its 200-day Moving Average is $239.18. Now, the first resistance to watch is $251.02. This is followed by the second major resistance level at $254.37. The third major resistance level sits at $260.02. If the price goes on to break the first support level at $242.01, it is likely to go to the next support level at $236.36. Assuming the price breaks the second support level, the third support level stands at $233.01.

Automatic Data Processing Inc. (NASDAQ: ADP) Key Stats

Market capitalization of the company is 101.74 billion based on 410,791K outstanding shares. Right now, sales total 18,012 M and income totals 3,412 M. The company made 4,668 M in profit during its latest quarter, and 878,400 K in sales during its previous quarter.