Automatic Data Processing (ADP) has been under a strong bear grip, hence the stock is down -7.38% 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 0.38% in the past 1 week. The stock has risen by 0.81% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.08% in the past 4 weeks.
Automatic Data Processing (NASDAQ:ADP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $89.00 and $88.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $89.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $89.67, notching a gain of 1.43% for the day. The total traded volume was 1,959,276 . The stock had closed at $88.41 on the previous day.
The stock has recorded a 20-day Moving Average of 3.86% and the 50-Day Moving Average is 0.83%. Automatic Data Processing, Inc. is up 3.88% in the last 3-month period. Year-to-Date the stock performance stands at 7.16%.
Automatic Data Processing (ADP) : The most positive equity analysts on Automatic Data Processing (ADP) expects the shares to touch $110, whereas, the least positive believes that the stock will trade at $70 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $89.78 with an expected fluctuation of $12.29 from the mean.
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.