Automatic Data Processing Stock Hits New 52-Week High (ADP)

NEW YORK ( TheStreet) -- Automatic Data Processing (Nasdaq: ADP) hit a new 52-week high Thursday as it is currently trading at $72.34, above its previous 52-week high of $72 with 227,353 shares traded as of 10 a.m. ET. Average volume has been 1.8 million shares over the past 30 days.

Automatic Data Processing has a market cap of $34.47 billion and is part of the technology sector and computer software & services industry. Shares are up 24.8% year to date as of the close of trading on Wednesday.

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.

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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, solid stock price performance, growth in earnings per share, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Automatic Data Processing Ratings Report.

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