Automatic Data Processing ( ADP) pushed the Computer Software & Services industry higher today making it today's featured computer software & services winner. The industry as a whole closed the day up 1.2%. By the end of trading, Automatic Data Processing rose 58 cents (1.1%) to $55.31 on average volume. Throughout the day, 1.8 million shares of Automatic Data Processing exchanged hands as compared to its average daily volume of 2.2 million shares. The stock ranged in a price between $54.80-$55.39 after having opened the day at $55 as compared to the previous trading day's close of $54.73. Other companies within the Computer Software & Services industry that increased today were: Unisys Corporation ( UIS), up 20.1%, Mitek Systems ( MITK), up 8.7%, Innovative Solutions & Support ( ISSC), up 8.3%, and Manhattan Associates ( MANH), up 8.2%. Automatic Data Processing, Inc. provides business outsourcing solutions. The company operates in three segments: Employer Services, Professional Employer Organization (PEO) Services, and Dealer Services. Automatic Data Processing has a market cap of $26.76 billion and is part of the technology sector. The company has a P/E ratio of 20.1, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 1.3% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate Automatic Data Processing a buy, two analysts rate it a sell, and 11 rate it a hold. TheStreet Ratings rates Automatic Data Processing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, increase in net income, solid stock price performance and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
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