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

Automatic Data Processing (NASDAQ:ADP): The stock had negative money flow to the tune of ($11.58 million) on Wednesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $28.14 million, whereas, the outflow of money on downticks was $39.72 million and the ratio between the two was 0.71. The block trade had a negative net money flow of ($11.76 million). The total block trade value undertaken on upticks was $2.26 million. On the other hand, downticks amounted to $14.02 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.16. Automatic Data Processing (NASDAQ:ADP) closed with marginal gains of 121 cents to end the day at $89.13, an increase of 1.38% over the previous days close. The stock recorded 2.78% for the week.


In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Corp. VP) of Automatic Data Processing Inc, OBrien Dermot J had sold 8,532 shares worth of $748,256 in a transaction dated June 7, 2016. In this transaction, 8,532 shares were sold at $87.7 per share. Currently the company Insiders own 0.23% of Automatic Data Processing shares according to the proxy statements. Institutional Investors own 79.15% of Automatic Data Processing shares. During last six month period, the net percent change held by insiders has seen a change of -11.88%.

The company shares have rallied 8.69% 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 $87.28 and the 200 Day Moving Average price is recorded at $85.96. Automatic Data Processing (NASDAQ:ADP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $88.47 and $88.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $89.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $89.13, notching a gain of 1.38% for the day. The total traded volume was 2,274,421 . The stock had closed at $87.92 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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