Automatic Data Processing Inc (ADP) concluded trading on Thursday at a closing price of $301.80, with 2.44 million shares of worth about $737.53 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 21.71% during that period and on December 05, 2024 the price saw a loss of about -0.56%. Currently the company’s common shares owned by public are about 407.70M shares, out of which, 406.93M shares are available for trading.
Stock saw a price change of -1.67% in past 5 days and over the past one month there was a price change of 3.65%. Year-to-date (YTD), ADP shares are showing a performance of 29.54% which increased to 30.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $227.12 but also hit the highest price of $309.63 during that period. The average intraday trading volume for Automatic Data Processing Inc shares is 1.60 million. The stock is currently trading -0.67% below its 20-day simple moving average (SMA20), while that difference is up 2.65% for SMA50 and it goes to 14.96% higher than SMA200.
Automatic Data Processing Inc (NASDAQ: ADP) currently have 407.70M outstanding shares and institutions hold larger chunk of about 81.62% of that.
The stock has a current market capitalization of $122.97B and its 3Y-monthly beta is at 0.80. PE ratio of stock for trailing 12 months is 32.24, while it has posted earnings per share of $9.36 in the same period. Its PEG reads 3.59 and has Quick Ratio of 1.01 while making debt-to-equity ratio of 1.77. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ADP, volatility over the week remained 1.13% while standing at 1.36% over the month.
Stock’s fiscal year EPS is expected to rise by 8.45% while it is estimated to increase by 9.41% in next year. EPS is likely to shrink at an annualized rate of 8.97% for next 5-years, compared to annual growth of 11.68% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on January 17, 2024 offering a Neutral rating for the stock and assigned a target price range of between $217 and $243 to it. On November 07, 2023, UBS Initiated their recommendations, while on September 05, 2023, RBC Capital Mkts Initiated their ratings for the stock with a price target of $267. Stock get a Neutral rating from UBS on June 02, 2023.
