Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Automatic Data Processing Inc before investing.

In this article, we go over a few key elements for understanding Automatic Data Processing Inc’s stock price such as:

• Automatic Data Processing Inc’s current stock price and volume
• Why Automatic Data Processing Inc’s stock price changed recently
• Upgrades and downgrades for ADP from analysts
• ADP’s stock price momentum as measured by its relative strength

About Automatic Data Processing Inc (ADP)

Before we jump into Automatic Data Processing Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Automatic Data Processing, Inc. (ADP) is a global technology company engaged in providing cloud-based human capital management (HCM) solutions that unite HR, payroll, talent, time, tax and benefits administration. Its segments include Employer Services and Professional Employer Organization (PEO). Its Employer Services segment serves clients ranging from single-employee small businesses to large enterprises with tens of thousands of employees around the world, offering a range of technology-based HCM solutions, including its cloud-based platforms, and human resource outsourcing (HRO) solutions (other than PEO) solutions. Its offerings include Payroll Services, Benefits Administration, Talent Management, HR Management, Workforce Management, Compliance Services, Insurance Services and Retirement Services. Its PEO business, called ADP TotalSource, provides clients with employment administration outsourcing solutions. ADP serves over one million clients in 140 countries and territories.

Want to learn more about Automatic Data Processing Inc’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Automatic Data Processing Inc.

Automatic Data Processing Inc’s Stock Price as of Market Close

As of June 26, 2024, 4:00 PM, CST, Automatic Data Processing Inc’s stock price was $238.02.

Automatic Data Processing Inc is down 4.18% from its previous closing price of $248.40.

During the last market session, Automatic Data Processing Inc’s stock traded between $246.44 and $250.38. Currently, there are 410.50 million shares of Automatic Data Processing Inc stock available for purchase.

Automatic Data Processing Inc’s price-earnings (P/E) ratio is currently at 27.7, which is high compared to the IT Services & Consulting industry median of 25.1. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Automatic Data Processing Inc Stock Price History

Automatic Data Processing Inc’s (ADP) price is currently down 2.82% so far this month.

During the month of June, Automatic Data Processing Inc’s stock price has reached a high of $253.10 and a low of $237.21.

Over the last year, Automatic Data Processing Inc has hit prices as high as $256.84 and as low as $205.53. Year to date, Automatic Data Processing Inc’s stock is down 0.35%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Automatic Data Processing Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 25, 2024, there were 16 analysts who downgraded Automatic Data Processing Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Automatic Data Processing Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Automatic Data Processing Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Automatic Data Processing Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Automatic Data Processing Inc (ADP) by visiting AAII Stock Evaluator.

Relative Price Strength of Automatic Data Processing Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 25, 2024, Automatic Data Processing Inc has a weighted four-quarter relative price strength of -2.26%, which translates to a Momentum Score of 65 and is considered to be Strong.

Want to learn more about how Automatic Data Processing Inc is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Automatic Data Processing Inc Stock Price: Bottom Line

As of June 26, 2024, Automatic Data Processing Inc’s stock price is $238.02, which is down 4.18% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Automatic Data Processing Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.