Automatic Data Processing Inc. (NASDAQ: ADP) stock has achieved $241.86 in the past week

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Automatic Data Processing Inc. (NASDAQ:ADP) saw a downside of -4.40% to $228.62 after subtracting -$10.53 on Wednesday. The 5-day average trading volume is 1,509,495 shares of the company’s common stock. It has gained $241.86 in the past week and touched a new high 3 times within the past 5 days. An average of 1,512,479 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,610,521.

ADP’s 1-month performance is -3.19% or -$12.02 on its low of $224.66 reached on 01/25/23. The company’s shares have touched a 52-week low of $192.26 and high of $274.92, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, ADP has achieved 0.12% or -$9.94 and has reached a new high 6 times. However, the current price is down -16.84% from the 52-week high price.

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Insider Transactions

ADP stock investors last saw insider trading activity on Jan 11.Weinstein Donald (Corporate VP) most recently sold 5,075 shares at $245.00 per share on Jan 11. This transaction cost the insider $1,243,375. Executive Chair, Rodriguez Carlos A, sold 37,594 shares at a price of $241.29 on Jan 09. Then, on Jan 05, Executive Chair Rodriguez Carlos A sold 52,254 shares at a price of $234.15 per share. This transaction amounted to $12,235,027.

Valuation Metrics

ADP stock has a beta of 0.86. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.78 while the price-to-book (PB) in the most recent quarter is 38.51, with the price to cash flow ratio at 53.83.

Automatic Data Processing Inc.’s quick ratio for the period ended September 29 was 1.00, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.16, while the total debt to equity was 1.16. In terms of profitability, the gross margin trailing 12 months is 43.10%. The firm’s gross profit as reported stood at $7.04 billion against revenue of $16.5 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 10.08% to $779.0 million, while revenue of $625.5 million was 19.7% off the previous quarter. Analysts expected ADP to announce $1.79 per share in earnings in its latest quarter, but it posted $1.86, representing a 3.90% surprise. EBITDA for the quarter stood at more than $1.42 billion. ADP stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 43.79 billion, with total debt at $3.59 billion. Shareholders hold equity totaling $414.83 million.

Let’s look briefly at Automatic Data Processing Inc. (ADP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 33.28% to suggest the stock is trending Neutral, with historical volatility in this time period at 30.23%.

The stock’s 5-day moving average is $235.90, reflecting a -2.28% or -$5.33 change from its current price. ADP is currently trading -4.99% above its 20-day SMA, -6.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.19% and SMA200 by-4.02%.

Stochastic %K and %D was 42.68% and 41.56% and the average true range (ATR) pointed at 6.01. The RSI (14) points at 36.62%, while the 14-day stochastic is at 19.35% with the period’s ATR at 5.83. The stock’s 9-day MACD Oscillator is pointing at -1.45 and -2.18 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Automatic Data Processing Inc. (NASDAQ: ADP), BofA Securities upgraded it to a Neutral rating. They previously had an Underperform rating on the stock. Analysts offering their rating for ADP stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate ADP as a “sell,”, while 15 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.

What is ADP’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $213.00 and a high of $285.00, with their median price target at $251.00. Looking at these predictions, the average price target given by analysts is for Automatic Data Processing Inc. (ADP) stock is $251.53.

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