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Automatic Data Processing Inc. (NASDAQ: ADP) closed the day trading at $275.91 down -1.25% from the previous closing price of $279.41. In other words, the price has decreased by -$1.25 from its previous closing price. On the day, 1.4 million shares were traded. ADP stock price reached its highest trading level at $281.14 during the session, while it also had its lowest trading level at $275.49.
Ratios:
For a better understanding of ADP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 34.12 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.49. For the most recent quarter (mrq), Quick Ratio is recorded 1.01 and its Current Ratio is at 1.01. In the meantime, Its Debt-to-Equity ratio is 0.84 whereas as Long-Term Debt/Eq ratio is at 0.73.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on January 17, 2024, Upgraded its rating to Neutral and sets its target price to $243 from $217 previously.
On November 07, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $235.UBS initiated its Neutral rating on November 07, 2023, with a $235 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 17 ’24 when Kwon David sold 100 shares for $280.00 per share. The transaction valued at 28,000 led to the insider holds 10,218 shares of the business.
DeSilva Joseph sold 1,383 shares of ADP for $387,240 on Sep 17 ’24. The Corp VP now owns 18,607 shares after completing the transaction at $280.00 per share. On Sep 17 ’24, another insider, Kwon David, who serves as the Officer of the company, bought 100 shares for $280.00 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ADP now has a Market Capitalization of 112514719744 and an Enterprise Value of 113399971840. As of this moment, Automatic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.31, and their Forward P/E ratio for the next fiscal year is 25.30. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.86 while its Price-to-Book (P/B) ratio in mrq is 24.76. Its current Enterprise Value per Revenue stands at 5.905 whereas that against EBITDA is 20.319.
Stock Price History:
Over the past 52 weeks, ADP has reached a high of $281.54, while it has fallen to a 52-week low of $205.53. The 50-Day Moving Average of the stock is 5.51%, while the 200-Day Moving Average is calculated to be 11.45%.
Shares Statistics:
Over the past 3-months, ADP traded about 1.61M shares per day on average, while over the past 10 days, ADP traded about 1743140 shares per day. A total of 408.10M shares are outstanding, with a floating share count of 407.19M. Insiders hold about 0.15% of the company’s shares, while institutions hold 81.62% stake in the company. Shares short for ADP as of 1724976000 were 5516224 with a Short Ratio of 3.43, compared to 1722384000 on 4229927. Therefore, it implies a Short% of Shares Outstanding of 5516224 and a Short% of Float of 1.35.
Dividends & Splits
ADP’s forward annual dividend rate is 5.60, up from 5.45 a year ago. Against a Trailing Annual Dividend Yield of 0.019505385The stock’s 5-year Average Dividend Yield is 2.02.
