On a relative basis, the stock has outperformed the S&P 500 by 3.96% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.62% in the last 1 week, and is up 8.5% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.36% and the 50-Day Moving Average is 7.54%.
Automatic Data Processing (NASDAQ:ADP): The stock opened at $95.70 on Friday but the bulls could not build on the opening and the stock topped out at $95.77 for the day. The stock traded down to $94.93 during the day, due to lack of any buying support eventually closed down at $95.06 with a loss of -0.16% for the day. The stock had closed at $95.21 on the previous day. The total traded volume was 1,356,035 shares.
The company Insiders own 0.23% of Automatic Data Processing shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.89% . Institutional Investors own 79.14% of Automatic Data Processing shares. During last six month period, the net percent change held by insiders has seen a change of -9.48%. In a related news, The Securities and Exchange Commission has divulged that Siegmund Jan, officer (Corporate Vice President) of Automatic Data Processing Inc, had unloaded 3,292 shares at an average price of $95 in a transaction dated on July 11, 2016. The total value of the transaction was worth $312,740.
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.