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 Research Institute has partnered with the Stanford Digital Economy Lab to enhance labor market analysis. This collaboration aims to leverage ADP's extensive payroll data from over 26 million U.S. employees to generate insights into workforce patterns and economic growth. The initiative, beginning summer 2022, will include rigorous research projects focusing on lower-wage worker career paths and the impact of technology like AI on the labor market. The partnership seeks to fill critical information gaps and deliver reliable labor market indicators.
The board of directors of Automatic Data Processing has declared a quarterly dividend of $1.04 per share. This dividend is payable on July 1, 2022 to shareholders of record on June 10, 2022. This announcement reflects ADP's commitment to returning value to shareholders.
ADP announced an integration with Nayya, a healthcare management platform, to enhance its ADP Workforce Now benefits system starting Summer 2022. This integration aims to empower employees with data-driven, personalized recommendations for better benefits decisions. Key features include guided enrollment processes, automated user data integration, bundled benefits options, investment support tools, and robust data privacy measures. The collaboration is expected to reduce HR administrative burdens significantly while improving employee confidence in benefit selections.
The March ADP National Employment Report reveals a significant increase in private sector employment, with 455,000 jobs added from February to March 2022. Small businesses contributed 90,000 jobs, medium businesses added 188,000, and large businesses accounted for 177,000. Employment growth was robust across sectors, particularly in service-providing industries, which saw 377,000 new jobs. The report also highlights a revision of February's job additions from 475,000 to 486,000. However, the chief economist noted that a tight labor supply poses challenges for ongoing growth in consumer-facing sectors.
ADP Research Institute will release three significant reports on March 30, 2022, at 8:15 a.m. ET: the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report. These reports provide crucial employment insights based on ADP payroll data from 460,000 clients and nearly 26 million workers. The Small Business Report focuses on companies with up to 49 employees, while the Franchise Report covers employment from 15,000 franchisors and franchisees. Following the reports, Nela Richardson, ADP's Chief Economist, will discuss the findings in a media conference call.
ADP (Nasdaq: ADP) will release its financial results for the third fiscal quarter ending March 31, 2022, before the Nasdaq opens on April 27, 2022. A conference call is scheduled for 8:30 a.m. ET on the same day, featuring CEO Carlos Rodriguez, CFO Don McGuire, and VP of Investor Relations Danyal Hussain. ADP will no longer distribute results via news wire; instead, findings will be posted on its Investor Relations website, with an alert indicating availability. Interested parties can listen to the call via live webcast.
According to the ADP National Employment Report, private sector employment rose by 475,000 jobs in February 2022. The report highlights a significant growth in large businesses, adding 552,000 jobs, while small businesses saw a decline of 96,000 jobs. The service-providing sector contributed 417,000 jobs, dominated by leisure and hospitality, which added 170,000 jobs. The January job addition was revised to 509,000 from an initially reported decline. This report, produced in collaboration with Moody's Analytics, utilizes actual payroll data from ADP.
ADP Research Institute will release the February findings from the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on March 2, 2022, at 8:15 a.m. ET. These reports, derived from payroll data of 460,000 U.S. clients representing nearly 26 million workers, provide key insights into private sector employment and franchise employment trends. Following the release, a media conference call will feature ADP Chief Economist Nela Richardson at 8:30 a.m. ET to discuss the findings.
ADP has been recognized as a Leader in the Recruitment Process Outsourcing (RPO) NEAT 2021 assessment by NelsonHall, highlighting its capabilities in talent acquisition. The firm excelled in categories such as Talent Acquisition Transformation, Innovation in Technology, and Geographic Scalability. This recognition underscores ADP's commitment to evolving its services to meet client needs amidst changing work environments. ADP's innovative solutions, including its AIRS recruitment training program and the ADP DataCloud platform, position the company well to support clients in overcoming hiring challenges.
ADP announced the appointment of David Goeckeler to its Board of Directors, effective February 14, 2022, increasing the independent director count to 11. Goeckeler brings extensive experience in technology, previously serving as CEO of Western Digital and leading Cisco's Networking and Security Business. His expertise in cloud computing, cybersecurity, and business innovation is expected to drive ADP's growth and digital transformation in human capital management solutions. The Board plans to return to a smaller size of 10 directors in the future.
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