Large Outflow of Money Witnessed in Automatic Data Processing

Automatic Data Processing (NASDAQ:ADP) managed to stay afloat and traded higher with an addition of 0.17 point or 0.2% at $87.26. The money flow data is a negative $(-5.32) million with $30.68 million in upticks and $36 million in downticks. The intraday up/down ratio came in at 0.85. The shares have seen -0.08% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $2 million and the combined worth of the downticks was $5.46, Million, leading to the up/down ratio of 0.37. The block trade saw a net money flow of $(-3.45) million.


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%. On the companys insider trading activities,The officer (Corp. VP) of Automatic Data Processing Inc, OBrien Dermot J sold 8,532 shares at $87.7 on June 7, 2016. The Insider selling transaction had a total value worth of $748,256. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Automatic Data Processing (NASDAQ:ADP) : On Monday heightened volatility was witnessed in Automatic Data Processing (NASDAQ:ADP) which led to swings in the share price. The stock opened for trading at $87.02 and hit $87.67 on the upside , eventually ending the session at $87.16, with a gain of 0.08% or 0.07 points. The heightened volatility saw the trading volume jump to 3,191,446 shares. The 52-week high of the share price is $91 and the company has a market cap of $39,704 million. The 52-week low of the share price is at $64.29 .

Many analysts have stated their opinion on the company shares. Argus Research maintains its rating on Automatic Data Processing (NASDAQ:ADP). The global brokerage major raises the current price target from $96 per share to $98 per share. Analysts at the Argus Research have a current rating of Buy on the shares. The rating by the firm was issued on May 3, 2016.

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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