On Monday, Automatic Data Processing Inc. (NASDAQ: ADP) opened higher 1.01% from the last session, before settling in for the closing price of $252.67. Price fluctuations for ADP have ranged from $205.53 to $256.84 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 6.22%. Company’s average yearly earnings per share was noted 11.11% at the time writing. 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 and Institutional Ownership
A key investor’s attitude towards the stock of the Staffing & Employment Services industry is another important factor to consider. The insider ownership of Automatic Data Processing Inc. is 0.14%, while institutional ownership is 81.08%. The most recent insider transaction that took place on Jun 13 ’24, was worth 91,846. In this transaction Corp VP of this company sold 376 shares at a rate of $244.27, taking the stock ownership to the 16,019 shares. Before that another transaction happened on Mar 04 ’24, when Company’s Corp VP sold 368 for $247.01, making the entire transaction worth $90,900. This insider now owns 20,319 shares in total.
Automatic Data Processing Inc. (ADP) Latest Financial update
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted 1.89 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.83) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.26 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 11.11% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.46% 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
Check out the current performance indicators for Automatic Data Processing Inc. (ADP). In the past quarter, the stock posted a quick ratio of 1.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.52. Likewise, its price to free cash flow for the trailing twelve months is 27.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.96, a number that is poised to hit 2.06 in the next quarter and is forecasted to reach 9.97 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 1.53 million was inferior to 1.67 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 82.66%. Additionally, its Average True Range was 4.10.
During the past 100 days, Automatic Data Processing Inc.’s (ADP) raw stochastic average was set at 96.30%, which indicates a significant increase from 96.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 11.63% in the past 14 days, which was lower than the 16.35% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $244.82, while its 200-day Moving Average is $240.96. Now, the first resistance to watch is $256.68. This is followed by the second major resistance level at $258.16. The third major resistance level sits at $260.18. If the price goes on to break the first support level at $253.18, it is likely to go to the next support level at $251.16. The third support level lies at $249.68 if the price breaches the second support level.
Automatic Data Processing Inc. (NASDAQ: ADP) Key Stats
There are currently 409,291K shares outstanding in the company with a market cap of 104.45 billion. Presently, the company’s annual sales total 18,012 M according to its annual income of 3,412 M. Last quarter, the company’s sales amounted to 5,254 M and its income totaled 1,185 M.
