On Friday, Automatic Data Processing Inc. (NASDAQ: ADP) opened higher 0.11% from the last session, before settling in for the closing price of $291.96. Price fluctuations for ADP have ranged from $205.53 to $294.18 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 6.30%. Company’s average yearly earnings per share was noted 9.26% at the time writing. With a float of $407.32 million, this company’s outstanding shares have now reached $408.10 million.
Let’s determine the extent of company efficiency that accounts for 64000 employees. In terms of profitability, gross margin is 46.6%, operating margin of 25.78%, and the pretax margin is 25.37%.
Automatic Data Processing Inc. (ADP) Insider Activity
A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Automatic Data Processing Inc. is 0.13%, while institutional ownership is 81.59%. The most recent insider transaction that took place on Sep 17 ’24, was worth 28,000. In this transaction Corp VP of this company sold 100 shares at a rate of $280.00, taking the stock ownership to the 10,218 shares. Before that another transaction happened on Sep 17 ’24, when Company’s Corp VP sold 1,383 for $280.00, making the entire transaction worth $387,240. This insider now owns 18,607 shares in total.
Automatic Data Processing Inc. (ADP) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 2.08 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 2.02) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.33 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 9.26% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.72% during the next five years compared to 11.68% 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 6.21. Likewise, its price to free cash flow for the trailing twelve months is 30.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.10, a number that is poised to hit 2.21 in the next quarter and is forecasted to reach 10.90 in one year’s time.
Technical Analysis of Automatic Data Processing Inc. (ADP)
Looking closely at Automatic Data Processing Inc. (NASDAQ: ADP), its last 5-days average volume was 1.76 million, which is a jump from its year-to-date volume of 1.64 million. As of the previous 9 days, the stock’s Stochastic %D was 80.11%. Additionally, its Average True Range was 3.65.
During the past 100 days, Automatic Data Processing Inc.’s (ADP) raw stochastic average was set at 97.00%, which indicates a significant increase from 90.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 9.83% in the past 14 days, which was lower than the 15.34% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $276.36, while its 200-day Moving Average is $253.31. However, in the short run, Automatic Data Processing Inc.’s stock first resistance to watch stands at $293.29. Second resistance stands at $294.28. The third major resistance level sits at $295.81. If the price goes on to break the first support level at $290.77, it is likely to go to the next support level at $289.24. Should the price break the second support level, the third support level stands at $288.25.
Automatic Data Processing Inc. (NASDAQ: ADP) Key Stats
There are currently 409,291K shares outstanding in the company with a market cap of 119.20 billion. Presently, the company’s annual sales total 19,203 M according to its annual income of 3,752 M. Last quarter, the company’s sales amounted to 4,768 M and its income totaled 829,300 K.
