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 January 2, 2025, ADP stock price declined to $291.64 with 201,465 million shares trading.

ADP has a beta of 0.44, meaning it tends to be less sensitive to market movements. ADP has a correlation of 0.12 to the broad based SPY ETF.

ADP has a market cap of $118.83 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 $309.63 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 outperformed the market in the last year with a price return of +28.2% while the SPY ETF gained +25.1%. ADP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +5.9% and -1.3%, respectively, while the SPY returned +2.7% and -2.5%, respectively.

ADP support price is $289.62 and resistance is $295.84 (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.