Breaking A New 52 Week High, Automatic Data Processing (Nasdaq:ADP) Finishes At $162.14

ADP
ADP

Automatic Data Processing (Nasdaq:ADP)

April 16th, 2019

Amidst rising markets Automatic Data Processing finished Tuesday’s trading session down 0.94%, a ($1.54) decrease to close on $162.14. Despite the drop in price it hit a new 52 week high of $164.41. The next earnings report is expected in approximately 15 days.

ADP was outperformed by the rest of the Information Technology sector which went up 0.49%.

Automatic Data Processing is listed on the S&P 500 index, and was one of 219 stocks that fell today. Weighted by market cap, ADP represents about 0.27% of the S&P 500.

Automatic Data Processing is listed on NASDAQ 100, and was one of 52 stocks that dropped today. Weighted by market cap, ADP represents about 0.27% of NASDAQ 100.

Results from 16 analysts indicates that Automatic Data Processing could drop somewhat (-1.67%), while Finbox has calculated (with low uncertainty) a fair value price of $149.32.

Market Sectors

The market sectors were mixed Tuesday with a majority of the sectors trending up. Financials saw the biggest increase of the day (1.37%), while Real Estate saw the biggest drop (-2.38%). Information Technology has seen the biggest year-to-date gain at 23.78%.

Energy saw the biggest turnaround from its 5-day performance of -1.22%, as it went up 0.64%. Real Estate and Utilities experienced turn arounds from their five day positive performance, Real Estate with a drop of -2.38%.

Sector Breakdown

  • Financials went up with a 1.37% change.
  • Energy went up with a 0.64% change.
  • Industrials went up with a 0.59% change.
  • Information Technology went up with a 0.49% change.
  • Consumer Discretionary went up with a 0.48% change.
  • Materials went up with a 0.47% change.
  • Communication Services went up with a 0.21% change.
  • Consumer Staples went down with a -0.06% change.
  • Utilities went down with a -1.39% change.
  • Healthcare went down with a -2.03% change.
  • Real Estate went down with a -2.38% change.

Automatic Data Processing Info

Automatic Data Processing, Inc. provides business process outsourcing services worldwide. It operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers various human resources (HR) outsourcing and technology-based human capital management solutions. Its offerings include payroll, benefits administration, talent management, HR management, time and attendance management, insurance, retirement, and compliance services. This segment provides a range of solutions, which businesses of various types and sizes can use to activate talent, as well as recruit, pay, manage, and retain their workforce. It serves approximately 630,000 clients through its cloud-based strategic software as a service offering. The PEO Services segment provides HR outsourcing solutions through a co-employment model. This segment offers HR administration services, including employee recruitment, payroll and tax administration, time and attendance management, benefits administration, employee training and development, online HR management tools, and employee leave administration. It also provides employee benefits that enable eligible worksite employees with access to a 401(k) retirement savings plan, health savings accounts, flexible spending accounts, group term life and disability coverage, and an employee assistance program, as well as group health, dental, and vision coverage. In addition, this segment offers employer liability management services comprising workers’ compensation program, unemployment claims management, safety compliance guidance and access to safety training, access to employment practices liability insurance, and guidance on compliance with the United States federal, state, and local employment laws and regulations. The company was founded in 1949 and is headquartered in Roseland, New Jersey.

All amounts in USD unless otherwise indicated

ADP daily update
ADP daily update

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