Automatic Data Processing (ADP) : During the past 4 weeks, traders have been relatively bearish on Automatic Data Processing (ADP), hence the stock is down -6.22% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.28% relative to the S&P 500. The 4-week change in the price of the stock is -5.86% and the stock has fallen -0.31% in the past 1 week.
Automatic Data Processing, Inc. is up 5.77% in the last 3-month period. Year-to-Date the stock performance stands at 7.37%. The stock has recorded a 20-day Moving Average of 0.94% and the 50-Day Moving Average is 1.22%.
Automatic Data Processing (NASDAQ:ADP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $89.52 and $89.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $89.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $89.85, notching a gain of 0.02% for the day. The total traded volume was 1,436,610 . The stock had closed at $89.83 on the previous day.
Also, In a research note released to the investors, Jefferies maintains its rating on Automatic Data Processing (NASDAQ:ADP).The analysts at the brokerage house have a current rating of Underperform on the shares. In a recent information released to the investors, Jefferies raises the new price target from $75 per share to $81 per share. The rating by the firm was issued on August 1, 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.