The stock of Automatic Data Processing Inc. (ADP) has seen a 0.20% increase in the past week, with a 6.62% gain in the past month, and a 12.03% flourish in the past quarter. The volatility ratio for the week is 1.66%, and the volatility levels for the past 30 days are at 1.38% for ADP. The simple moving average for the last 20 days is 3.18% for ADP stock, with a simple moving average of 12.21% for the last 200 days.
Is It Worth Investing in Automatic Data Processing Inc. (NASDAQ: ADP) Right Now?
Automatic Data Processing Inc. (NASDAQ: ADP) has a price-to-earnings ratio of 30.24x that is above its average ratio. Additionally, the 36-month beta value for ADP is 0.80. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 16 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ADP is 407.08M and currently, short sellers hold a 1.20% ratio of that float. The average trading volume of ADP on September 05, 2024 was 1.57M shares.
ADP) stock’s latest price update
The stock price of Automatic Data Processing Inc. (NASDAQ: ADP) has plunged by -0.12 when compared to previous closing price of 275.55, but the company has seen a 0.20% gain in its stock price over the last five trading sessions. zacks.com reported 2024-09-03 that This was the worst single trading day for tech stocks two years — the worst for the chips segment since 2020.
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 $243 based on the research report published on January 17, 2024 of the current year 2024.
UBS gave a rating of “Neutral” to ADP, setting the target price at $235 in the report published on November 07th of the previous year.
ADP Trading at 8.33% 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 -1.01% of loss for the given period.
Volatility was left at 1.38%, however, over the last 30 days, the volatility rate increased by 1.66%, as shares surge +6.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.44% upper at present.
During the last 5 trading sessions, ADP rose by +0.20%, which changed the moving average for the period of 200-days by +19.42% in comparison to the 20-day moving average, which settled at $267.51. In addition, Automatic Data Processing Inc. saw 18.14% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ADP starting from McGuire Don, who sale 3,179 shares at the price of $274.38 back on Sep 03 ’24. After this action, McGuire Don now owns 41,696 shares of Automatic Data Processing Inc., valued at $872,254 using the latest closing price.
DeSilva Joseph, the Corp VP of Automatic Data Processing Inc., sale 1,905 shares at $274.38 during a trade that took place back on Sep 03 ’24, which means that DeSilva Joseph is holding 27,826 shares at $522,694 based on the most recent closing price.
Stock Fundamentals for ADP
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.47 for the gross margin
The net margin for Automatic Data Processing Inc. stands at 0.2. The total capital return value is set at 0.53. Equity return is now at value 93.14, with 7.12 for asset returns.
Based on Automatic Data Processing Inc. (ADP), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 1.2. The debt to equity ratio resting at 0.76. The interest coverage ratio of the stock is 13.7.
Currently, EBITDA for the company is 5.5 billion with net debt to EBITDA at 0.19. When we switch over and look at the enterprise to sales, we see a ratio of 5.89. The receivables turnover for the company is 5.6for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.
Conclusion
In conclusion, Automatic Data Processing Inc. (ADP) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
