Welcome to our dedicated page for Automatic Data Processing news (Ticker: ADP), a resource for investors and traders seeking the latest updates and insights on Automatic Data Processing stock.
Automatic Data Processing, Inc. (ADP) is a premier provider of comprehensive human resources management software and services headquartered in Roseland, New Jersey. Established in 1949, ADP serves over 1 million clients globally, primarily based in the United States. ADP’s services encompass payroll, human capital management (HCM) solutions, HR outsourcing, insurance, and retirement services.
ADP is organized into two main segments: Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers payroll and HCM solutions, HR outsourcing, insurance, and retirement services. The PEO segment, which is smaller but rapidly growing, provides HR outsourcing solutions to small and midsize businesses through a co-employment model.
In recent advancements, ADP has unveiled ADP Assist, a cutting-edge AI-driven solution that transforms work data into actionable insights, enhancing productivity and decision-making for HR professionals. The solution boasts a conversational interface that simplifies HR tasks, boosting overall workforce efficiency.
ADP’s latest technological innovations are driven by its extensive and unique dataset, which spans over 1 million clients across 140 countries, covering 41 million wage earners globally. This vast dataset is integral in training ADP's AI systems, ensuring precise and actionable insights are delivered to clients, aiding smart decision-making.
Furthering their commitment to innovation, ADP’s Marketplace has evolved to become the world’s largest digital HR storefront. Now incorporating AI-enabled partner solutions, ADP Marketplace offers clients enhanced ease and confidence in selecting solutions that best meet their HR needs.
ADP's financial health remains robust, as evidenced by their recent quarterly results and consistent job growth data from their National Employment Report. With a keen focus on secure and ethical data use, ADP ensures client data privacy and compliance, underpinning their trustworthiness in the market.
Learn more about ADP's advanced HCM solutions and the latest developments at ADP.com.
Fiserv (NYSE: FI) and ADP (Nasdaq: ADP) announced a strategic partnership to integrate their small business solutions. The collaboration will combine ADP's RUN payroll and HR platform with Fiserv's Clover management system and CashFlow Central platform. 87 percent of small business owners expressed interest in a unified business management system, according to Fiserv research. The integrated solution will offer U.S.-based small businesses comprehensive capabilities across payroll, cash management, and payments. The partnership will begin this quarter with services launching in early 2025.
ADP has released its HR trends forecast for 2025, highlighting key areas that will shape the workplace. The report focuses on five major trends: employee experience and well-being, skills-based success indicators, AI regulation in employment, pay equity and transparency, and the impact of generative AI across different business sizes. The report emphasizes the need for better work-life boundaries in remote environments, the importance of skills-based hiring approaches, increasing AI regulation compliance, pay data understanding, and varying AI adoption patterns across different company sizes.
ADP announced a $0.14 increase in its quarterly cash dividend to an annual rate of $6.16 per share, marking its 50th consecutive year of dividend increases. The new quarterly dividend of $1.54 per share represents a 10% increase and will be distributed on January 1, 2025, to shareholders of record on December 13, 2024. The company joins the elite group of 'Dividend Kings', companies that have increased dividends for at least 50 consecutive years.
ADP has announced the finalists for its 2025 HCM Distinction Awards, recognizing large employers excelling in human capital management and workplace innovation. The awards highlight organizations demonstrating excellence in organizational agility, inclusive cultures, workplace innovation, global performance, and employee experience enhancement. Winners will be revealed at the 40th Annual ADP Meeting of the Minds Conference in Las Vegas from March 18-21, 2025. The finalists include notable companies across five categories: Agility at Work, Culture at Work, Global Solutions at Work, Innovation at Work, and Talent at Work.
The October 2024 ADP National Employment Report shows private sector employment increased by 233,000 jobs, marking the highest level since July 2023. The report indicates annual pay growth of 4.6% for job-stayers and 6.2% for job-changers. Service-providing sectors led job growth with 211,000 new positions, while manufacturing was the only sector showing job losses (-19,000). The report, based on anonymized payroll data from over 25 million U.S. employees, demonstrates robust hiring despite hurricane recovery efforts. September's job addition figures were revised upward from 143,000 to 159,000.
ADP (Nasdaq: ADP) has released its first quarter fiscal 2025 financial results and revised its fiscal 2025 outlook. The earnings release is accessible on the company's website and will also be submitted to the SEC via a Current Report on Form 8-K. A conference call for financial analysts is scheduled for October 30, 2024, at 8:30 a.m. ET, and will be webcast live on ADP's website. A slide presentation to accompany the webcast is also available on the website.
ADP (Nasdaq: ADP) has acquired WorkForce Software, a premier workforce management solutions provider specializing in supporting large, global enterprises. This acquisition aims to expand ADP's global offering of workforce management solutions and drive innovation to meet future business needs. WorkForce Software, founded in 1999 and headquartered in Michigan, offers robust time and attendance, scheduling, forecasting, leave and absence management, and employee communications capabilities.
The acquisition will broaden ADP's full suite of workforce management solutions to meet the needs of its over one million clients in more than 140 countries. WorkForce Software's solutions are designed to adapt to an organization's unique needs, accommodating various pay rules, labor regulations, and schedules for different types of employees.
The September ADP® National Employment ReportTM reveals that private sector employment increased by 143,000 jobs in September 2024, with annual pay up 4.7% year-over-year. The report, produced by ADP Research in collaboration with the Stanford Digital Economy Lab, provides a high-frequency view of the private-sector labor market based on actual payroll data from over 25 million U.S. employees.
Key highlights include:
- Widespread job creation rebound across sectors, with only the information sector losing jobs
- Manufacturing added jobs for the first time since April
- Pay gains slowed in September, with job-stayers seeing a 4.7% increase and job-changers experiencing a 6.6% rise
- The South region led job growth with 61,000 new positions
- Large establishments (500+ employees) added 86,000 jobs
ADP, a leading global provider of Human Capital Management (HCM) solutions, has announced the release date for its first quarter fiscal 2025 financial results. The results will be disclosed before the opening of the Nasdaq on Wednesday, October 30, 2024. Following the release, ADP will host a conference call at 8:30 a.m. ET on the same day to discuss the results.
Key participants in the call will include Maria Black (President & Chief Executive Officer), Don McGuire (Chief Financial Officer), and Matthew Keating (Vice President of Investor Relations). The company will no longer publish results via news wire service, instead posting them on the Investor Relations section of adp.com. Investors can access the conference call and accompanying slide presentation through a live webcast on ADP's website at investors.adp.com.
ADP has launched ADP Lyric HCM, a new Human Capital Management platform designed for the modern workforce. Lyric combines flexibility, intelligence, and human-centric design to enhance employee experience globally. The platform leverages GenAI technology and ADP's extensive dataset to provide personalized HR solutions.
Key features of Lyric include:
- Flexibility to adapt to unique business structures and workflows
- Intelligent decision-making using predictive analytics and real-time insights
- Personalized employee experiences
- Global payroll support in 75+ countries, with plans for expansion
- Cloud-native design with robust security for GDPR compliance
- Responsive web and mobile accessibility
Lyric aims to address challenges faced by large enterprises, including the need for cohesive global workforce data management and adaptability to evolving regulations.
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