I SOLD ADP
Posted: Tue Nov 15, 2022 10:20 am
ADP is a stock that I purchased within the last 30 days. Today, on November 15, 2022, I SOLD it.
Automatic Data Processing, Inc. (ADP) is a global technology company engaged in providing cloud-based human capital management (HCM) solutions that unite HR, payroll, talent, time, tax and benefits administration.
Its segments include Employer Services and Professional Employer Organization (PEO).
Its Employer Services segment serves clients ranging from single-employee small businesses to large enterprises with tens of thousands of employees around the world, offering a range of technology-based HCM solutions, including its cloud-based platforms, and human resource outsourcing (HRO) solutions (other than PEO) solutions.
Its offerings include Payroll Services, Benefits Administration, Talent Management, HR Management, Workforce Management, Compliance Services, Insurance Services and Retirement Services.
Its PEO business, called ADP TotalSource, provides clients with employment administration outsourcing solutions.
It serves over 990,000 clients in 140 countries and territories.
- ADP has an Earnings Per Share of $7.22 and pays a dividend of 2.00%,
- Above is a 10 year chart of growth for ADP
- Above is a 90 day chart of growth for ADP. I sold it when it was $8.00 shy of hitting the 90 day high. I realize it could go a"little" bit higher, but I prefer to take my profits, so that I can reinvest in other stocks that have a greater upside.
- Above is a 12 month chart of growth for ADP. I sold it when it was $8.00 shy of hitting the 12 month high. I realize it could go a "little" bit higher, but I prefer to take my profits, so that I can reinvest in other stocks that have a greater upside with a lower risk factor.