Automatic Data Processing Inc. [ADP] fell -4.54% so far this year. What now?

Automatic Data Processing Inc. [NASDAQ: ADP] loss -4.66% on the last trading session, reaching $228.01 price per share at the time. The company report on January 25, 2023 that ADP Reports Second Quarter Fiscal 2023 Results.

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ADP (Nasdaq: ADP), a leading global technology company providing human capital management (HCM) solutions, today announced its second quarter fiscal 2023 financial results along with its revised fiscal 2023 outlook through an earnings release available on the company’s website at This earnings release will also be furnished to the Securities and Exchange Commission (SEC) on a Current Report on Form 8-K and available at

As previously announced, ADP will host a conference call for financial analysts today, Wednesday, January 25, 2023 at 8:30 a.m. ET. The conference call will be webcast live on ADP’s website at and will be available for replay following the call. A slide presentation accompanying the webcast is also available at

Automatic Data Processing Inc. represents 414.60 million in outstanding shares, while the company has a total market value of $93.05 billion with the latest information. ADP stock price has been found in the range of $223.66 to $234.25.

If compared to the average trading volume of 1.66M shares, ADP reached a trading volume of 3694704 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Automatic Data Processing Inc. [ADP]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ADP shares is $252.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ADP stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Automatic Data Processing Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 09, 2022. The new note on the price target was released on August 17, 2021, representing the official price target for Automatic Data Processing Inc. stock. Previously, the target price had yet another raise to $215, while Credit Suisse analysts kept a Neutral rating on ADP stock. On August 11, 2021, analysts increased their price target for ADP shares from 212 to 220.

The Average True Range (ATR) for Automatic Data Processing Inc. is set at 5.91, with the Price to Sales ratio for ADP stock in the period of the last 12 months amounting to 5.51. The Price to Book ratio for the last quarter was 36.72, with the Price to Cash per share for the same quarter was set at 3.02. Price to Free Cash Flow for ADP in the course of the last twelve months was 51.32 with Quick ratio for the last quarter at 1.00.

Trading performance analysis for ADP stock

Automatic Data Processing Inc. [ADP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.66. With this latest performance, ADP shares dropped by -4.66% in over the last four-week period, additionally plugging by 4.63% over the last 6 months – not to mention a rise of 4.48% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ADP stock in for the last two-week period is set at 35.96, with the RSI for the last a single of trading hit 32.41, and the three-weeks RSI is set at 38.87 for Automatic Data Processing Inc. [ADP]. The present Moving Average for the last 50 days of trading for this stock 249.01, while it was recorded at 235.72 for the last single week of trading, and 233.93 for the last 200 days.

Automatic Data Processing Inc. [ADP]: A deeper dive into fundamental analysis

Automatic Data Processing Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.00.

Automatic Data Processing Inc. [ADP]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ADP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Automatic Data Processing Inc. go to 13.85%.

An analysis of insider ownership at Automatic Data Processing Inc. [ADP]

There are presently around $75,686 million, or 81.90% of ADP stock, in the hands of institutional investors. The top three institutional holders of ADP stocks are: VANGUARD GROUP INC with ownership of 39,551,673, which is approximately 1.21% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 33,866,016 shares of the stock with an approximate value of $7.72 billion in ADP stocks shares; and STATE STREET CORP, currently with $4.11 billion in ADP stock with ownership of nearly 1.743% of the company’s market capitalization.

Positions in Automatic Data Processing Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 794 institutional holders increased their position in Automatic Data Processing Inc. [NASDAQ:ADP] by around 15,078,671 shares. Additionally, 903 investors decreased positions by around 11,749,656 shares, while 375 investors held positions by with 305,111,807 shares. The mentioned changes placed institutional holdings at 331,940,134 shares, according to the latest SEC report filing. ADP stock had 148 new institutional investments in for a total of 1,757,345 shares, while 77 institutional investors sold positions of 680,021 shares during the same period.


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