28-Mar-2024
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PRNewswire (Wed, 31-Jan 8:15 AM ET)
ADP Reports Second Quarter Fiscal 2024 Results
PRNewswire (Wed, 31-Jan 7:00 AM ET)
ADP appoints Thomas J. Lynch as the new Independent Board Chair
PRNewswire (Wed, 10-Jan 4:05 PM ET)
ADP is a provider of payroll and human capital management solutions servicing the full scope of businesses from micro to global enterprises. ADP was established in 1949 and serves over 1 million clients primarily in the United States. ADP's employer services segment offers payroll, human capital management solutions, human resources outsourcing, insurance and retirement services. The smaller but faster-growing professional employer organization segment provides HR outsourcing solutions to small and midsize businesses through a co-employment model.
Automatic Data Processing trades on the NASDAQ stock market under the symbol ADP.
As of March 28, 2024, ADP stock price climbed to $249.74 with 1,144,724 million shares trading.
ADP has a beta of 1.05, meaning it tends to be more sensitive to market movements. ADP has a correlation of 0.38 to the broad based SPY ETF.
ADP has a market cap of $102.57 billion. This is considered a Large Cap stock.
Last quarter Automatic Data Processing reported $5 billion in Revenue and $2.13 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.03.
In the last 3 years, ADP stock traded as high as $274.92 and as low as $184.85.
The top ETF exchange traded funds that ADP belongs to (by Net Assets): VTI, VOO, QQQ, SPY, IVV.
ADP has underperformed the market in the last year with a return of +19.0%, while the SPY ETF gained +33.6%. In the last 3 month period, ADP fell short of the market, returning +8.4%, while SPY returned +10.1%. However, in the most recent 2 weeks ADP has outperformed the stock market by returning +2.3%, while SPY returned +1.7%.
ADP support price is $246.07 and resistance is $250.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ADP stock will trade within this expected range on the day.