Automatic Data Processing Inc’s filing revealed that its Corp VP Michaud Brian L. unloaded Company’s shares for reported $0.46 million on Apr 01 ’25. In the deal valued at $305.38 per share,1,500 shares were sold. As a result of this transaction, Michaud Brian L. now holds 12,073 shares worth roughly $3.45 million.
Then, Michaud Brian L. bought 1,500 shares, generating $458,070 in total proceeds.
Before that, D’Ambrosio Christopher sold 473 shares. Automatic Data Processing Inc shares valued at $144,833 were divested by the Corp. VP at a price of $306.20 per share. As a result of the transaction, D’Ambrosio Christopher now holds 7,244 shares, worth roughly $2.07 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 Friday, Automatic Data Processing Inc [NASDAQ:ADP] saw its stock fall -6.31% to $286.13. Over the last five days, the stock has lost -4.89%. Automatic Data Processing Inc shares have fallen nearly -2.25% since the year began. Nevertheless, the stocks have risen 16.73% over the past one year. While a 52-week high of $322.84 was reached on 03/04/25, a 52-week low of $231.27 was recorded on 01/13/25. SMA at 50 days reached $304.20, while 200 days put it at $284.52.
Levels Of Support And Resistance For ADP Stock
The 24-hour chart illustrates a support level at 279.35, which if violated will result in even more drops to 272.58. On the upside, there is a resistance level at 299.45. A further resistance level may holdings at 312.78. The Relative Strength Index (RSI) on the 14-day chart is 34.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.03%. Stochastics %K at 56.69% 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 2025-03-14, dropping by -0.99 million shares to a total of 5.64 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 6.63 million shares. There was a decline of -17.57%, which implies that there is a negative 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.
