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 has been recognized with an eighth consecutive "Top HR Product" award at the 2022 HR Technology Conference for its Intelligent Self-Service solution. This innovative tool utilizes predictive analytics and machine learning to proactively resolve common HR issues, significantly reducing the workload of HR practitioners. The solution addresses an estimated one-third of HR case volume, enhancing employee experience by enabling faster issue resolution. Key features include Action Cards, a Virtual Assistant, Policy Personalization, and streamlined Case Management.
The board of directors of Automatic Data Processing (Nasdaq: ADP) announced a quarterly dividend of $1.04 per share, payable on October 1, 2022. Shareholders on record as of September 9, 2022 will receive this dividend, reaffirming the company's commitment to returning value to its shareholders.
ADP announced its fourth quarter fiscal 2022 financial results and provided an outlook for fiscal 2023. The results are detailed in its earnings release accessible on its website. A conference call for financial analysts is scheduled for July 27, 2022, at 8:30 a.m. ET, available via webcast. Supplemental financial data, including quarterly and full-year segment revenues, will also be posted online. ADP focuses on human capital management solutions, striving for innovative workforce management solutions.
Aircall announces the appointment of Michael Haske as CEO effective September 2, 2022, succeeding co-founder Olivier Pailhes. Haske, with extensive experience in cloud software from his role at Paylocity, takes the helm as Aircall reaches $100 million in Annual Recurring Revenue (ARR) and a valuation exceeding $1 billion. Pailhes will remain on the board as a strategic advisor. Haske aims to leverage his experience to drive global growth and enhance Aircall’s cloud communications solutions, continuing its mission to empower professional conversations.
The ADP Research Institute and Stanford Digital Economy Lab announced a collaboration to enhance the ADP National Employment Report (NER) methodology, aiming for a more accurate, high-frequency labor market analysis. The current report will be temporarily paused, with a target to reintroduce the redesigned NER by August 31, 2022. ADP's vast dataset of over 26 million employees will aid in delivering reliable labor market indicators. This initiative underscores the significance of real-time data in addressing economic questions and is expected to benefit businesses and policymakers.
ADP (NASDAQ: ADP) is set to announce its financial results for Q4 of fiscal year 2022, concluding on June 30, 2022. The results will be released before the market opens on July 27, 2022. A conference call to discuss these results will occur at 8:30 a.m. ET on the same day, featuring key executives including CEO Carlos Rodriguez and CFO Don McGuire. Notably, ADP has transitioned away from publishing results via news wire, opting instead for direct posting on its Investor Relations website, with alerts sent for public availability.
According to the ADP National Employment Report for May 2022, private sector employment rose by 128,000 jobs from April. Small businesses lost 91,000 jobs, while medium and large businesses saw increases of 97,000 and 122,000 jobs, respectively. Job growth was predominantly in the service sector, contributing 104,000 jobs compared to 24,000 in goods-producing sectors. The report, derived from ADP payroll data, indicates a cautious hiring environment amid ongoing tight labor market conditions and inflation. The adjusted total for April was revised to 202,000 jobs.
ADP Research Institute will release the May 2022 National Employment Report, Small Business Report, and National Franchise Report on Thursday, June 2, 2022 at 8:15 a.m. ET. These reports provide crucial insights on private sector employment, derived from payroll data of 460,000 U.S. clients and nearly 26 million workers. The National Franchise Report specifically tracks changes in franchise employment from 15,000 franchisors and franchisees. Following the release, ADP's Chief Economist will hold a media conference call at 8:30 a.m. ET for further analysis.
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