The key reasons why Automatic Data Processing Inc. (ADP) is -4.30% away from 52-week high?

Automatic Data Processing Inc. (NASDAQ: ADP) open the trading on Wednesday, with a bit cautious approach as it glided -1.69% to $245.79, before settling in for the price of $250.01 at the close. Taking a more long-term approach, ADP posted a 52-week range of $201.46-$256.84.

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The Industrials Sector giants’ yearly sales growth during the last 5-year period was 6.25%. Meanwhile, its Annual Earning per share during the time was 14.07%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 10.79%. This publicly-traded company’s shares outstanding now amounts to $412.10 million, simultaneously with a float of $408.74 million. The organization now has a market capitalization sitting at $100.97 billion. At the time of writing, stock’s 50-day Moving Average stood at $247.69, while the 200-day Moving Average is $239.97.

Automatic Data Processing Inc. (ADP) Ownership Facts and Figures

Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Staffing & Employment Services industry. Automatic Data Processing Inc.’s current insider ownership accounts for 0.50%, in contrast to 82.75% institutional ownership. According to the most recent insider trade that took place on Mar 04 ’24, this organization’s Corp VP sold 368 shares at the rate of 247.01, making the entire transaction reach 90,900 in total value, affecting insider ownership by 20,319. Preceding that transaction, on Mar 01 ’24, Company’s Corp. VP sold 1,170 for 249.43, making the whole transaction’s value amount to 291,833. This particular insider is now the holder of 4,025 in total.

Automatic Data Processing Inc. (ADP) Earnings and Revenue Records

So, what does the last quarter earnings report of the company that was made public on 12/30/2023 suggests? It has posted $2.13 earnings per share (EPS) beating the forecaster’s viewpoint (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.

Automatic Data Processing Inc.’s EPS increase for this current 12-month fiscal period is 10.79% and is forecasted to reach 10.00 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 10.93% through the next 5 years, which can be compared against the 14.07% growth it accomplished over the previous five years trading on the market.

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

Let’s observe the current performance indicators for Automatic Data Processing Inc. (ADP). It’s Quick Ratio in the last reported quarter now stands at 1.01. The Stock has managed to achieve an average true range (ATR) of 4.01. Alongside those numbers, its PE Ratio stands at $28.61, and its Beta score is 0.78. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 5.43. Similarly, its price to free cash flow for trailing twelve months is now 26.97.

In the same vein, ADP’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 8.59, a figure that is expected to reach 2.79 in the next quarter, and analysts are predicting that it will be 10.00 at the market close of one year from today.

Technical Analysis of Automatic Data Processing Inc. (ADP)

[Automatic Data Processing Inc., ADP] recent stats showed that its last 5-days Average volume was poorer than the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 68.43% While, its Average True Range was 4.27.

Raw Stochastic average of Automatic Data Processing Inc. (ADP) in the period of the previous 100 days is set at 63.40%, which indicates a major rise in contrast to 52.74% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 18.58% that was higher than 12.62% volatility it exhibited in the past 100-days period.