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As of close of business last night, Automatic Data Processing Inc.’s stock clocked out at $247.10, down -0.50% from its previous closing price of $248.35. In other words, the price has decreased by -$0.50 from its previous closing price. On the day, 1.73 million shares were traded. ADP stock price reached its highest trading level at $249.66 during the session, while it also had its lowest trading level at $245.795.
Ratios:
To gain a deeper understanding of ADP’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 30.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 26.42. 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 0.73 whereas as Long-Term Debt/Eq ratio is at 0.71.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 13 ’24 when DeSilva Joseph sold 376 shares for $244.27 per share. The transaction valued at 91,846 led to the insider holds 16,019 shares of the business.
KUTAM SREENIVASA sold 368 shares of ADP for $90,900 on Mar 04 ’24. The Corp VP now owns 20,319 shares after completing the transaction at $247.01 per share. On Mar 01 ’24, another insider, Albinson Brock, who serves as the Corp. VP of the company, sold 1,170 shares for $249.43 each. As a result, the insider received 291,833 and left with 4,025 shares of the company.
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 101135810560 and an Enterprise Value of 101239291904. As of this moment, Automatic’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.59, and their Forward P/E ratio for the next fiscal year is 24.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.35 while its Price-to-Book (P/B) ratio in mrq is 21.89. Its current Enterprise Value per Revenue stands at 5.353 whereas that against EBITDA is 18.45.
Stock Price History:
Over the past 52 weeks, ADP has reached a high of $256.84, while it has fallen to a 52-week low of $205.53. The 50-Day Moving Average of the stock is 1.08%, while the 200-Day Moving Average is calculated to be 2.58%.
Shares Statistics:
It appears that ADP traded 1.49M shares on average per day over the past three months and 1430310 shares per day over the past ten days. A total of 412.10M shares are outstanding, with a floating share count of 408.73M. Insiders hold about 0.14% of the company’s shares, while institutions hold 81.07% stake in the company. Shares short for ADP as of 1719532800 were 4783354 with a Short Ratio of 3.21, compared to 1717113600 on 4048591. Therefore, it implies a Short% of Shares Outstanding of 4783354 and a Short% of Float of 1.17.
Dividends & Splits
With its trailing 12-month dividend rate of 5.3, ADP has a forward annual dividend rate of 5.45. Against a Trailing Annual Dividend Yield of 0.02134085The stock’s 5-year Average Dividend Yield is 2.01.
