Automatic Data Processing Inc. (NASDAQ: ADP)’s stock price has decreased by -0.47 compared to its previous closing price of 215.80. however, the company has experienced a 0.57% increase in its stock price over the last five trading days. The Wall Street Journal reported on 01/20/22 that ADP Settlement Offers Framework for Future Digital-Accessibility Agreements
Is It Worth Investing in Automatic Data Processing Inc. (NASDAQ: ADP) Right Now?
The price-to-earnings ratio for Automatic Data Processing Inc. (NASDAQ: ADP) is above average at 28.67x. The 36-month beta value for ADP is also noteworthy at 0.82. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 16 rating it as “hold,” and 3 rating it as “sell.”
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The average price estimated by analysts for ADP is $247.65, which is $33.03 above than the current price. The public float for ADP is 410.16M, and at present, short sellers hold a 1.03% of that float. The average trading volume of ADP on March 17, 2023 was 1.92M shares.
ADP’s Market Performance
ADP stock saw a decrease of 0.57% in the past week, with a monthly decline of -5.74% and a quarterly a decrease of -17.42%. The volatility ratio for the week is 2.33%, and the volatility levels for the last 30 days are 1.73% for Automatic Data Processing Inc. (ADP). The simple moving average for the last 20 days is -2.68% for ADP stock, with a simple moving average of -8.34% for the last 200 days.
Analysts’ Opinion of ADP
Many brokerage firms have already submitted their reports for ADP stocks, with BofA Securities repeating the rating for ADP by listing it as a “Neutral.” The predicted price for ADP in the upcoming period, according to BofA Securities is $223 based on the research report published on March 09th of the previous year 2022.
JP Morgan, on the other hand, stated in their research note that they expect to see ADP reach a price target of $224. The rating they have provided for ADP stocks is “Underweight” according to the report published on August 17th, 2021.
Credit Suisse gave a rating of “Neutral” to ADP, setting the target price at $215 in the report published on August 16th of the previous year.
ADP Trading at -5.55% from the 50-Day Moving Average
After a stumble in the market that brought ADP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.88% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 2.33%, as shares sank -5.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.77% lower at present.
During the last 5 trading sessions, ADP rose by +0.88%, which changed the moving average for the period of 200-days by -3.36% in comparison to the 20-day moving average, which settled at $220.09. In addition, Automatic Data Processing Inc. saw -10.08% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ADP starting from Albinson Brock, who sale 1,500 shares at the price of $220.00 back on Mar 01. After this action, Albinson Brock now owns 5,317 shares of Automatic Data Processing Inc., valued at $330,000 using the latest closing price.
Weinstein Donald, the Corporate VP of Automatic Data Processing Inc., sale 5,075 shares at $245.00 during a trade that took place back on Jan 11, which means that Weinstein Donald is holding 32,950 shares at $1,243,375 based on the most recent closing price.
Stock Fundamentals for ADP
Current profitability levels for the company are sitting at:
- +23.05 for the present operating margin
- +46.86 for the gross margin
The net margin for Automatic Data Processing Inc. stands at +17.87. Equity return is now at value 96.90, with 5.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
In summary, Automatic Data Processing Inc. (ADP) has had a mixed performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
