Automatic Data Processing (NASDAQ:ADP) : Traders are bullish on Automatic Data Processing (NASDAQ:ADP) as it has outperformed the S&P 500 by a wide margin of 6.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.57%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.85% in the last 1 week, and is up 8.47% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 15.59% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $94.59 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $88.62 and the 200 Day Moving Average price is recorded at $86.36.
The stock has recorded a 20-day Moving Average of 5.91% and the 50-Day Moving Average is 7.64%.
Automatic Data Processing (NASDAQ:ADP): stock turned positive on Friday. Though the stock opened at $94.12, the bulls momentum made the stock top out at $94.59 level for the day. The stock recorded a low of $93.6401 and closed the trading day at $94.47, in the green by 1.04%. The total traded volume for the day was 2,148,166. The stock had closed at $93.5 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Albinson Brock, officer (Corp. VP) of Automatic Data Processing Inc, had unloaded 378 shares at an average price of $92 in a transaction dated on July 1, 2016. The total value of the transaction was worth $34,776.
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.