Automatic Data Processing sees its composite score climb to 96

Automatic data processing (ADP) saw its IBD SmartSelect Composite Rating rise to 96 on Thursday, from 91 the previous day.


The revised score means the title currently outperforms 96% of all other titles in key performance metrics and technical strength. Top performing stocks tend to have a rating of 95 or higher when they start a big move, so be sure to keep that in mind when looking for the best stocks to buy and watch.

The automatic data processing is currently forming a consolidation, with a buy point of 249.06. See if the stock can break out in volume at least 40% above normal.

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The stock has an EPS rating of 91, meaning its recent quarterly and longer-term annual earnings growth exceeds 91% of all stocks.

Its accumulation/distribution rating of B- shows moderate buying by institutional investors over the past 13 weeks.

The company posted a 25% increase in profits for the fourth quarter. It has now posted accelerating EPS growth for two consecutive quarters. Turnover remained stable, equaling the 10% of the previous quarter.

Automatic Data Processing ranks 3rd among its peers in the Business Services – Outsourcing industry group. PS Plus (PS) is the highest ranked title within the group.


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