ADP Stock Summary and Trading Ideas (Automatic Data Processing | NASDAQ:ADP)

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, HCM 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 June 2, 2023, ADP stock price climbed to $216.52 with 1,294,667 million shares trading.

ADP has a beta of 0.94, meaning it tends to be less sensitive to market movements. ADP has a correlation of 0.65 to the broad based SPY ETF.

ADP has a market cap of $89.53 billion. This is considered a Large Cap stock.

Last quarter Automatic Data Processing reported $5 billion in Revenue and $2.52 earnings per share. This beat revenue expectation by $48 million and exceeded earnings estimates by $.07.

In the last 3 years, ADP stock traded as high as $274.92 and as low as $127.31.

The top ETF exchange traded funds that ADP belongs to (by Net Assets): VTI, VOO, SCHD, QQQ, SPY.

ADP has underperformed the market in the last year with a price return of +1.4% while the SPY ETF gained +6.1%. ADP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -0.2% and +0.5%, respectively, while the SPY returned +8.8% and +2.1%, respectively.

ADP support price is $209.56 and resistance is $214.06 (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.