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, 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 November 5, 2024, ADP stock price climbed to $291.18 with 781,839 million shares trading.

ADP has a beta of 0.24, meaning it tends to be less sensitive to market movements. ADP has a correlation of 0.04 to the broad based SPY ETF.

ADP has a market cap of $118.64 billion. This is considered a Large Cap stock.

Last quarter Automatic Data Processing reported $5 billion in Revenue and $2.33 earnings per share. This beat revenue expectation by $63 million and exceeded earnings estimates by $.12.

In the last 3 years, ADP traded as high as $294.18 and as low as $192.26.

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

ADP has outperformed the market in the last year with a price return of +36.0% while the SPY ETF gained +34.3%. ADP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +11.6% and +0.1%, respectively, while the SPY returned +8.5% and -1.2%, respectively.

ADP support price is $287.76 and resistance is $291.96 (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 shares will trade within this expected range on the day.