Shares of Automatic Data Processing (ADP) Sees Large Outflow of Money

Automatic Data Processing (ADP) : The value of composite uptick trades was $22.68 million, whereas, the value of composite downtick trades was $29.04 million. The uptick to downtick ratio stood at 0.78 with a negative money flow of ($6.36) Million during Thursdays trading session. The block trades money flow was negative ($7.26 million). The transaction of the trades on downticks amounted to $7.26 million, which confirms investors selling on the strength of price. Automatic Data Processing (ADP) gained 8 cents at $93.5, an increase of 0.09% over the previous days close.


Automatic Data Processing (ADP) : The highest short term price target forecast on Automatic Data Processing (ADP) is $100 and the lowest target price is $70. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $86.88 with a standard deviation of $9.79. The stock has recorded a 20-day Moving Average of 5.19% and the 50-Day Moving Average is 6.64%.

Automatic Data Processing (NASDAQ:ADP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $93.17 and $92.87 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $93.68. The buying momentum continued till the end and the stock did not give up its gains. It closed at $93.50, notching a gain of 0.09% for the day. The total traded volume was 1,734,868 . The stock had closed at $93.42 on the previous day.

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.

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