The stock of Automatic Data Processing Inc. (ADP) has seen a -0.23% decrease in the past week, with a 4.84% gain in the past month, and a 16.21% flourish in the past quarter. The volatility ratio for the week is 1.01%, and the volatility levels for the past 30 days are at 1.26% for ADP.. The simple moving average for the past 20 days is 1.48% for ADP’s stock, with a 14.12% simple moving average for the past 200 days.
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 31.86x. The 36-month beta value for ADP is also noteworthy at 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 407.32M, and at present, short sellers hold a 1.73% of that float. The average trading volume of ADP on October 24, 2024 was 1.54M shares.
ADP) stock’s latest price update
Automatic Data Processing Inc. (NASDAQ: ADP)’s stock price has dropped by -0.45 in relation to previous closing price of 291.34. Nevertheless, the company has seen a loss of -0.23% in its stock price over the last five trading days. zacks.com reported 2024-10-23 that ADP (ADP) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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 4.28% 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 -1.41% of loss for the given period.
Volatility was left at 1.26%, however, over the last 30 days, the volatility rate increased by 1.01%, as shares surge +5.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.74% upper at present.
During the last 5 trading sessions, ADP fell by -0.23%, which changed the moving average for the period of 200-days by +22.50% in comparison to the 20-day moving average, which settled at $285.82. In addition, Automatic Data Processing Inc. saw 24.50% 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 6.21. 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 summary, Automatic Data Processing Inc. (ADP) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
