Automatic Data Processing (ADP) has been under a strong bear grip, hence the stock is down -6.15% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.46% in the past 1 week. The stock has risen by 0.51% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.19% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.04% and the 50-Day Moving Average is 0.61%. Automatic Data Processing (NASDAQ:ADP): On Fridays trading session , Opening price of the stock was $90.03 with an intraday high of $90.4. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $90.01. However, the stock managed to close at $90.13, a loss of 0.30% for the day. On the previous day, the stock had closed at $90.4. The total traded volume of the day was 929,675 shares.
The company Insiders own 0.23% of Automatic Data Processing shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.89% . Institutional Investors own 77.6% of Automatic Data Processing shares. During last six month period, the net percent change held by insiders has seen a change of -6.16%. Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of Automatic Data Processing (NASDAQ:ADP). Jefferies has a Underperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $81 per share from a prior target of $75. The rating by the firm was issued on August 1, 2016.
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.