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 8, 2024, ADP stock price declined to $304.73 with 1,369,730 million shares trading.

ADP has a beta of 0.37, meaning it tends to be less sensitive to market movements. ADP has a correlation of 0.09 to the broad based SPY ETF.

ADP has a market cap of $124.16 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 $306.92 and as low as $192.26.

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 +38.3%, while SPY returned +38.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ADP shares. However, ADP has outperformed the market in the last 3 month and 2 week periods, returning +17.0% and +5.8%, while SPY returned +13.1% and +3.3%, respectively. This indicates ADP has been having a stronger performance recently.

ADP support price is $301.86 and resistance is $307.84 (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.