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- 1 ADP stock price has shown an almost 5% growth in the last 1-month.
- 2 Next week, Automatic Data Processing Inc. will share its Q4 2023 report.
Automatic Data Processing (ADP) stock has shown a 5.14% price growth in its 1-month price analysis, which further showed a 6.60% weekly price growth. However, in its year-to-date (YTD) price analysis, the stock price is down by almost 3%. But with the bulls taking interest in the ADP share price, it has shown an upside trend.
ADP Stock Price Analysis
On July 17, 2023, Monday, ADP stock opened at $228.26, noted high at $234.44 while low was at $228.26. The closing price of ADP share was $233.72, which added $4.25 with a 1.85% price growth. The recent trading session also indicated an upside trend which took the ADP share price above its 200-day moving average, as per the data sourced from TradingView, a web-based social network for traders.
As the above price chart shows, the pre-market price of ADP stock is showing at $232.80 which shows little price drop. Meanwhile, the recent bullish trend followed by the stock, drove its price above its 20 and 200-day moving average.
It must be noted that Automatic Data Processing Inc. is going to release its Q4 2023 report on July 26, 2023. Ahead of this, the stock price may further show more price volatility in the coming days.
The 1-year price target set by the analysts is showing at $231.71 which is down by 0.86% from the recent closing of ADP stock. Additionally, the maximum estimate set by them is showing at $275.00 while the minimum estimate is at $176.00.
The Fundamental of Automatic Data Processing
Automatic Data Processing Inc. (NASDAQ: ADP), an American provider of human resources management software and services, has a market cap nearly at $96.55 Billion. In late April 2023, the company released its third quarter (Q3) report that stated its net income to be $1.04 Billion in that quarter.
Moreover, the ADP price-to-sales ratio is 5.40 and it has an Enterprise Value to EBITDA ratio of 20.28. ADP dividends are paid quarterly and the last dividend per share was $1.25. As of now, its Dividend Yield (TTM)% is 2.05%.
In Q3 2023, the earnings per share (EPS) is $2.52 whereas the estimation was $2.46, which accounts for a 2.28% surprise. The revenue of Automatic Data Processing Inc. for the same period amounts to $4.93 Billion, despite the estimated figure of $4.88 Billion. For Q4 2023, the estimated EPS is $1.83 while the revenue is expected to reach $4.39 Billion.
Disclaimer
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Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
