The Automatic Data Processing Inc. (NASDAQ:ADP) is going down by -1.25% in today’s trading session, a fall equivalent to -2.11% of the stock’s price from yesterday’s market close. A news came out 1 hour ago stating that These numbers will tell you if your tech stock is a plodding dinosaur or a speedy raptor by MARKETWATCH. The lowest point that the shares touched during the trading session was $168.15, while the peak of the day was recorded at a share price of $170.87. ADP finished the previous session at $168.59 according to the data provided by Barchart, while the trading volume was observed to be $1007202.
In the 100 days of trading, ADP managed to top a 164.74% Moving average. Additionally, Automatic Data Processing Inc. shares have achieved a 52-week range between 121.40 and 174.50 alongside 100 days raw stochastic set at 61.36%.
The number of shares outstanding, according to the fundamentals of the company, is set at 434.47M, equal to the value of $73.25B in market capitalization. In the last 30 days, Automatic Data Processing Inc. shares went down by -3.62%, adding 172.73 to growth in value, on top of a +6.11% boost since 11/01/19.
Automatic Data Processing Inc. (NASDAQ:ADP) Analyst’s Estimates
Automatic Data Processing Inc. (ADP) could record at least $1.46 per share in quarterly earnings in the upcoming report on 01/29/2020, a number that would actually represent an increase of 6.93 YOY.
According to the average analyst rating, Automatic Data Processing Inc. would be rated as Overweight. Out of 20 different analysts monitoring ADP stock, 6 analysts rate the stock as a BUY, 13 suggest to give the rating of HOLD, 0 indicate that ADP is an OVERWEIGHT, 0 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERWEIGHT.
On October 31, 2019, the stock earned a Downgrade rating due to a new analyst call from Wolfe Research, while analysts from Cowen believe that the stock is set at Outperform, as concluded on September 11, 2019. BofA/Merrill, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on September 11, 2019.
MoffettNathanson, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on October 04, 2018, giving the stock a Buy rating.
ADP Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +46.70% has been attained, while the operating margin has been recorded at +21.20%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 5.81%. Beta value of the stock is recorded at 0.89. Additionally, Automatic Data Processing Inc. is recording price volatility of 0.93% for the period of the last seven days and 1.40% in the last 30 days.
Automatic Data Processing Inc. (NASDAQ:ADP) Technical Outlook
For the period of the last 50 days, Automatic Data Processing Inc. had its Raw Stochastic average set at 67.07% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 60.48%. Stochastic %K for Automatic Data Processing Inc., with the last 20 days included, was set at 74.01%, having Stochastic %D topping 83.07%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Automatic Data Processing Inc. stocks with recording 28.58% in metrics.
Automatic Data Processing Inc. Insider Watch:
Similarly, 81.89% of the company’s float is held by institutions – and there are 1,803 institutions in total holding shares of this company. The top three institutional holders of ADP stocks are: Vanguard Group, Inc. (The) with ownership of $6.24 billion, which is approximately 38657594 of the company’s shares; Blackrock Inc., holding 31885845 shares of the stock with an approximate value of $5.15 billion; and State Street Corporation, currently with more than 19152523 shares of the company valued at $3.09 billion. Positions in Automatic Data Processing Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 35 insider purchases amounting to 514096 shares. Similarly, there were 12 sale transactions amounting to 353768 shares, with the net shares purchased during the last six months reaching 160,328.