Automatic Data Processing Inc. (NASDAQ:ADP) changes shares on Monday trading session, with a change of 0.99% or $1.48 shares. The trading starts at $148.50 and closed at $149.00 throughout the day. The trading session low price was $147.34 and day high was $150.57 on Monday, June 22. After the session, the Industrials sector daily volume shifted to 1.73 million while its average volume is 2.67M. In other hand, the ADP market cap reached to $65.86B. While, its current target price is $150.48 according to WSJ.
Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 2.17% and up 12.87% for month. Its quarterly performance was 37.97% above, while its half year performance is down -10.82%. ADP yearly performance stood at negative -10.51% and fall -11.74% for year-to-date. Current recommendation for Automatic Data Processing Inc. is 2.70.
Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ADP EPS (TTM) for 12-month is 5.83. EPS for this year is 12.30%, while for the next year its value is 5.71. Sales growth for the current quarter is 2.11 while its EPS Q/Q reached 10.10%. It has an EPS of 15.30% up for past five years and for the next five years will be up 12.20%.
Let’s take a look on the analyst recommendations on ADP for the current month and previous month. For the current month, 5 of 19 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 1 as underweight and 13 as Hold. As compared with the previous month ratings, 19 analysts participate in stock recommendation. Out of 19, 0 rated it sell, 5 rated it as Buy and 13 as Hold Ratings. On the other hand, target price ranges from $132.00-$188.00. Average target price for ADP was reached at $156.25.
Vanguard Group, Inc. (The), Blackrock Inc. and State Street Corporation are the top three holders in Automatic Data Processing Inc. (ADP) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 39.21 million shares which valued 5.36 billion. On Mar 30, 2020, Blackrock Inc. owned 31.23 million shares which valued at 4.27 billion. On Mar 30, 2020, State Street Corporation has a total of 19.18 million shares which valued at 2.62 billion. In the end, State Street Corporation have 4.46% shares outstanding of Automatic Data Processing Inc. (ADP) on Mar 30, 2020. The insider ownership moved to 0.10% and institutional holding shifted to 82.40%.
The company posted an EPS (TTM) of 5.83. According to the most recent quarter report on (Jun 2020), 17 analysts estimated an average EPS of 0.96, while 1.14 EPS posted a year ago period. Analyst Estimated EPS for ADP published in the report was 0.9-1.08 during the same period. Comparing with last year, the average estimated EPS was 1.14 which is lower than 1.92 which was posted for recent quarter EPS.
A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ADP fall -4.45% for period of 200 days. SMA for 50 days was 4.72% which is showing green signal, while SMA-20 was 0.97%. The moving average value for Automatic Data Processing Inc. (ADP) is 154.59 and 145.22 for 200 and 50 days respectively.
Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ADP stock. On Apr 13, Michaud Brian L., Corp VP, sold 250 trading shares at the cost of $140.23, which valued at 35058.0. On Feb 06, Eberhard Michael C, Corporate Vice President, sold 13,563 shares at the cost of $180.00, with total shares of 40,001. On Feb 06, Weinstein Donald, Corporate VP, sold 2,468 shares at the cost of 180.00. After this transaction, Weinstein Donald total shares reached to 24,110 which valued at 0.44 million.