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 22, 2024, ADP stock price climbed to $305.15 with 1,100,844 million shares trading.

ADP has a beta of 0.40, meaning it tends to be less sensitive to market movements. ADP has a correlation of 0.10 to the broad based SPY ETF.

ADP has a market cap of $124.34 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 $309.37 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 +35.0% while the SPY ETF gained +32.9%. ADP has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +15.0% and +0.1%, respectively, while the SPY returned +6.5% and 0.0%, respectively.

ADP support price is $301.55 and resistance is $307.59 (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.