Automatic Data Processing (ADP) Shares are Down -0.07%

Automatic Data Processing (ADP) has risen sharply, recording gains of 0.94% in the past 4 weeks. However, the stock has corrected -0.07% in the past 1 week, providing a good buying opportunity on dips. Automatic Data Processing (ADP) : Traders are bullish on Automatic Data Processing (ADP) as it has outperformed the S&P 500 by a wide margin of 1.16% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.59%, relative to the S&P 500.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.32% and the fifty day Moving Average is 1.55%. Automatic Data Processing, Inc. is up 2.61% in the last three month period. Year-to-Date the stock performance stands at 7.3%.

Automatic Data Processing (ADP) : The highest level Automatic Data Processing (ADP) is projected to reach is $110 for the short term and the lowest estimate is at $70. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $89.75 and the possibility the share price can swing is $13.13.


Automatic Data Processing (NASDAQ:ADP): stock turned positive on Friday. Though the stock opened at $89.96, the bulls momentum made the stock top out at $90.5999 level for the day. The stock recorded a low of $89.32 and closed the trading day at $89.79, in the green by 0.02%. The total traded volume for the day was 1,365,827. The stock had closed at $89.77 in the previous days trading.

Automatic Data Processing, Inc. (ADP) is a provider of human capital management (HCM) solutions and business process outsourcing. The Company operates through two segments: Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled HCM solutions. These offerings include payroll services, benefits administration, recruiting and talent management, human resources management, insurance services, retirement services and payment and compliance solutions. The Companys PEO business, ADP TotalSource, offers small and mid-sized businesses human resources (HR) outsourcing solution through a co-employment model. ADP TotalSource includes HR management and employee benefits functions, including HR administration, employee benefits and employer liability management, into a single-source solution, including HR administration, employee benefits and employer liability management.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.