Automatic Data Processing, Inc. (ADP - Free Report) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $101.31 to $105.54 in the past one-month time frame.
The company has seen one negative estimate revision in the past few weeks. However, its Zacks Consensus Estimate for the current quarter remained unchanged over the past few weeks. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Automatic Data Processing currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the Outsourcing industry is The Brink's Company (BCO - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is ADP going up? Or down? Predict to see what others think: Up or Down
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >>