Automatic Data Processing (NASDAQ:ADP) has climbed 0.6% in the past week and advanced 2.5% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.8% and the outperformance has advanced to 1.57% for the last 4 weeks period.
Automatic Data Processing (NASDAQ:ADP): The stock opened at $88.09 on Friday but the bulls could not build on the opening and the stock topped out at $88.15 for the day. The stock traded down to $86.93 during the day, due to lack of any buying support eventually closed down at $87.61 with a loss of -0.48% for the day. The stock had closed at $88.03 on the previous day. The total traded volume was 2,708,741 shares.
The company shares have rallied 3.07% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $91.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $87.23 and the 200 Day Moving Average price is recorded at $85.85.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that OBrien Dermot J, officer (Corp. VP) of Automatic Data Processing Inc, had unloaded 8,532 shares at an average price of $87.7 in a transaction dated on June 7, 2016. The total value of the transaction was worth $748,256.
Many analysts have stated their opinion on the company shares. Brokerage firm Argus Research maintains its rating on Automatic Data Processing (NASDAQ:ADP). As per the latest information, the brokerage house raises the price target to $98 per share from a prior target of $96. The shares have been rated Buy. The rating by the firm was issued on May 3, 2016. Currently the company Insiders own 0.23% of Automatic Data Processing shares according to the proxy statements. Institutional Investors own 79.12% of Automatic Data Processing shares. During last six month period, the net percent change held by insiders has seen a change of -11.05%.
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.