Automatic Data Processing Inc. (NASDAQ: ADP) has a higher price-to-earnings ratio of 30.39x compared to its average ratio, The 36-month beta value for ADP is at 0.80. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 16 as “hold,” and 0 as “sell.”
The public float for ADP is 407.32M, and currently, shorts hold a 1.35% of that float. The average trading volume for ADP on September 25, 2024 was 1.61M shares.
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ADP) stock’s latest price update
Automatic Data Processing Inc. (NASDAQ: ADP) has seen a decline in its stock price by -0.34 in relation to its previous close of 277.58. However, the company has experienced a -0.99% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-23 that ADP Lyric HCM leverages GenAI to provide personalized employee experiences on a global scale ROSELAND, N.J., Sept. 23, 2024 /PRNewswire/ — ADP® today announced the launch of ADP Lyric HCM, a Human Capital Management (HCM) platform designed to meet the evolving needs of the modern workforce through global HR, payroll and service.
ADP’s Market Performance
ADP’s stock has fallen by -0.99% in the past week, with a monthly rise of 2.61% and a quarterly rise of 11.37%. The volatility ratio for the week is 1.32% while the volatility levels for the last 30 days are 1.54% for Automatic Data Processing Inc. The simple moving average for the past 20 days is 0.37% for ADP’s stock, with a 11.34% simple moving average for the past 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 $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 4.47% 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 -1.74% of loss for the given period.
Volatility was left at 1.54%, however, over the last 30 days, the volatility rate increased by 1.32%, as shares surge +1.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.01% upper at present.
During the last 5 trading sessions, ADP fell by -0.99%, which changed the moving average for the period of 200-days by +19.06% in comparison to the 20-day moving average, which settled at $275.88. In addition, Automatic Data Processing Inc. saw 18.74% 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 Kwon David, who sale 100 shares at the price of $280.00 back on Sep 17 ’24. After this action, Kwon David now owns 10,218 shares of Automatic Data Processing Inc., valued at $28,000 using the latest closing price.
DeSilva Joseph, the Corp VP of Automatic Data Processing Inc., sale 1,383 shares at $280.00 during a trade that took place back on Sep 17 ’24, which means that DeSilva Joseph is holding 18,607 shares at $387,240 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 5.92. 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 had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
