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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Automatic Data Processing (Nasdaq: ADP) hit a new 52-week high Wednesday as it is currently trading at $61.80, above its previous 52-week high of $61.76 with 1.2 million shares traded as of 3:25 p.m. ET. Average volume has been 1.9 million shares over the past 30 days. Automatic Data Processing has a market cap of $29.47 billion and is part of the technology sector and computer software & services industry. Shares are up 6.7% year to date as of the close of trading on Tuesday. Automatic Data Processing, Inc. and its subsidiaries provide business outsourcing solutions. The company operates in three segments: Employer Services, Professional Employer Organization (PEO) Services, and Dealer Services. The company has a P/E ratio of 21.8, above the S&P 500 P/E ratio of 17.7.