Automatic Data Processing Inc’s recent filing unveils that its Officer Foskett David acquired Company’s shares for reported $0.31 million on Jan 13 ’25. In the deal valued at $286.15 per share,1,067 shares were bought.
Then, Magliulo Virginia bought 3,578 shares, generating $1,021,519 in total proceeds.
Before that, Magliulo Virginia sold 2,065 shares. Automatic Data Processing Inc shares valued at $597,095 were divested by the Corp VP at a price of $289.15 per share. As a result of the transaction, Magliulo Virginia now holds 11,017 shares, worth roughly $3.2 million.
BofA Securities upgraded its Automatic Data Processing Inc [ADP] rating to a Neutral from a an Underperform in a research note published on January 17, 2024; the price target was increased to $243 from $217. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early January from “an Underperform” to “a Peer perform”. UBS began covering ADP with “Neutral” recommendation on November 07, 2023. RBC Capital Mkts started covering the stock on September 05, 2023. It rated ADP as “a Sector perform”.
Price Performance Review of ADP
On Monday, Automatic Data Processing Inc [NASDAQ:ADP] saw its stock jump 1.17% to $290.20. Over the last five days, the stock has lost -0.51%. Automatic Data Processing Inc shares have fallen nearly -0.86% since the year began. Nevertheless, the stocks have risen 23.34% over the past one year. While a 52-week high of $309.63 was reached on 01/02/25, a 52-week low of $231.27 was recorded on 01/13/25. SMA at 50 days reached $297.91, while 200 days put it at $268.21.
Levels Of Support And Resistance For ADP Stock
The 24-hour chart illustrates a support level at 286.96, which if violated will result in even more drops to 283.72. On the upside, there is a resistance level at 291.96. A further resistance level may holdings at 293.71. The Relative Strength Index (RSI) on the 14-day chart is 44.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.24%. Stochastics %K at 31.03% indicates the stock is a holding.
How much short interest is there in Automatic Data Processing Inc?
A steep rise in short interest was recorded in Automatic Data Processing Inc stocks on 2024-12-31, growing by 0.63 million shares to a total of 6.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 5.49 million shares. There was a rise of 10.27%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 02, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $230 price target.
