NEW YORK (

TheStreet

) --

Automatic Data Processing

(Nasdaq:

ADP

) hit a new 52-week high Wednesday as it traded at $51.05 compared with its previous 52-Week high of $51.01. Automatic Data Processing is changing hands at $51.03 with 1.4 million shares traded as of 2:01 p.m. ET. Average volume has been 2.5 million shares over the past 30 days.

Automatic Data Processing has a market cap of $25 billion and is part of the

technology

sector and

computer software & services

industry. Shares are up 9.4% year to date as of the close of trading on Tuesday.

Automatic Data Processing, Inc. provides technology-based outsourcing solutions to employers, and vehicle retailers and manufacturers worldwide. It operates in three segments: Employer Services, Professional Employer Organization Services, and Dealer Services. The company has a P/E ratio of 20.9, below the average computer software & services industry P/E ratio of 21.1 and above the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates Automatic Data Processing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Automatic Data Processing Ratings Report

.

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