A new trading day began on Tuesday, with Automatic Data Processing Inc. (NASDAQ: ADP) stock price up 0.05% from the previous day of trading, before settling in for the closing price of $244.08. ADP’s price has ranged from $201.46 to $256.84 over the past 52 weeks.
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Annual sales at Industrials sector company grew by 6.25% over the past five years. Meanwhile, its annual earnings per share averaged 10.79%. With a float of $408.74 million, this company’s outstanding shares have now reached $412.10 million.
Let’s look at the performance matrix of the company that is accounted for 63000 employees.
Automatic Data Processing Inc. (ADP) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Staffing & Employment Services Industry. The insider ownership of Automatic Data Processing Inc. is 0.50%, while institutional ownership is 82.73%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 60.27 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
Here are Automatic Data Processing Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.40. Likewise, its price to free cash flow for the trailing twelve months is 26.80.
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)
Automatic Data Processing Inc. (NASDAQ: ADP) saw its 5-day average volume 1.29 million, a negative change from its year-to-date volume of 1.83 million. As of the previous 9 days, the stock’s Stochastic %D was 34.96%. Additionally, its Average True Range was 3.76.
During the past 100 days, Automatic Data Processing Inc.’s (ADP) raw stochastic average was set at 58.03%, which indicates a significant increase from 39.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.50% in the past 14 days, which was higher than the 12.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $247.61, while its 200-day Moving Average is $240.53. Nevertheless, the first resistance level for the watch stands at $245.35 in the near term. At $246.49, the stock is likely to face the second major resistance level. The third major resistance level sits at $247.45. If the price goes on to break the first support level at $243.25, it is likely to go to the next support level at $242.29. Assuming the price breaks the second support level, the third support level stands at $241.15.
Automatic Data Processing Inc. (NASDAQ: ADP) Key Stats
With a market capitalization of 100.32 billion, the company has a total of 410,791K Shares Outstanding. Currently, annual sales are 18,012 M while annual income is 3,412 M. The company’s previous quarter sales were 4,668 M while its latest quarter income was 878,400 K.
