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.
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.
The August ADP® National Employment Report™ reveals that private sector employment increased by 99,000 jobs in August 2024, while annual pay rose 4.8% year-over-year. This marks the fifth consecutive month of slowing job creation among private employers, indicating a cooling labor market. Key highlights include:
- Goods-producing sectors added 27,000 jobs
- Service-providing sectors added 72,000 jobs
- The South region led with 55,000 new jobs
- Medium establishments (50-499 employees) contributed the most with 68,000 jobs
- Pay gains remained stable at 4.8% for job-stayers and 7.3% for job-changers
The report, based on actual payroll data from over 25 million U.S. employees, provides a high-frequency, near real-time measure of U.S. employment and pay insights.
ADP (Nasdaq: ADP), a leading global technology company providing human capital management solutions, has announced the pricing of a public offering of $1.0 billion aggregate principal amount of 4.450% senior notes due 2034. The company expects to receive the net offering proceeds on or around September 9, 2024. ADP intends to use the proceeds for general corporate purposes.
The company has filed a registration statement with the SEC for this offering. Interested investors are advised to read the base prospectus, applicable preliminary prospectus supplement, and other relevant documents filed with the SEC for comprehensive information about ADP and the offering. These documents are available for free on the SEC website or can be obtained upon request from the underwriters.
ADP, a global leader in human capital management (HCM) technology, has announced its participation in Citi's Global TMT Conference. The presentation is scheduled for Thursday, September 5 at 10:50 a.m. ET. This event provides an opportunity for investors and analysts to gain insights into ADP's strategies and performance.
Interested parties can access the live webcast of the presentation through ADP's investor relations website at investors.adp.com. For those unable to attend the live event, an archived replay will also be made available on the same platform. This presentation at a major industry conference underscores ADP's commitment to transparency and engagement with the investment community.
Automatic Data Processing, Inc. (Nasdaq: ADP) has announced a regular quarterly dividend of $1.40 per share. The dividend will be payable on October 1, 2024 to shareholders of record as of September 13, 2024. This declaration was made by ADP's board of directors, demonstrating the company's commitment to returning value to its shareholders. The consistent dividend payout suggests financial stability and confidence in the company's future performance.
The July 2024 ADP National Employment Report shows private sector employment increased by 122,000 jobs, with annual pay up 4.8% year-over-year. Key highlights include:
- Goods-producing sectors added 37,000 jobs, while service-providing sectors added 85,000 jobs
- The South region led job growth with 55,000 new positions
- Medium-sized establishments (50-499 employees) saw the largest increase, adding 70,000 jobs
- Pay gains for job-stayers slowed to 4.8%, the lowest in three years
- Job-changers experienced a significant drop in pay gains, decreasing to 7.2% from 7.7%
Nela Richardson, ADP's chief economist, noted that the labor market is aligning with the Federal Reserve's efforts to slow inflation, as evidenced by abating wage growth.
ADP (Nasdaq: ADP), a leading global technology company providing human capital management (HCM) solutions, has released its fourth quarter and fiscal 2024 financial results, along with its fiscal 2025 outlook. The detailed earnings report is available on the company's website at investors.adp.com/events-and-presentations and will be filed with the SEC on Form 8-K.
ADP will host a conference call for financial analysts on July 31, 2024, at 8:30 a.m. ET. The call will be webcast live on ADP's website and will be available for replay afterward. A slide presentation accompanying the webcast is also accessible on the company's investor relations page.
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