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.
On July 28, 2021, ADP announced the release of the July 2021 findings for the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on August 4, 2021, at 8:15 a.m. ET. These reports are based on payroll data from 460,000 U.S. clients and nearly 26 million workers. The ADP Small Business Report focuses on businesses with 49 or fewer employees, while the Franchise Report analyzes employment changes among franchises. A media conference call, led by ADP Chief Economist Nela Richardson, will follow the report's release.
ADP announced its fourth quarter fiscal 2021 financial results on July 28, 2021, providing insights into its performance and fiscal 2022 outlook. Key metrics will be available on its website. ADP will also hold a conference call for financial analysts on the same day at 8:30 a.m. ET to discuss these results. Supplemental financial details, including quarterly and annual segment revenues, are accessible online. ADP continues to focus on enhancing its human capital management solutions, designed for better workforce management.
ADP surpassed a key milestone by expanding its Workforce Management client base to over 100,000 clients. This growth is supported by innovations like collaborative scheduling for small businesses and a mobile solution for larger enterprises. ADP enables businesses to address workforce needs, offering features such as skills-based scheduling and AI-enabled forecasting. The company's commitment to optimizing staffing is crucial for navigating the current employment landscape.
According to the June ADP National Employment Report, private sector employment rose by 692,000 jobs from May to June 2021. The growth was notable across various business sizes: 215,000 jobs in small businesses, 236,000 in medium, and 240,000 in large businesses. Service-providing sectors added 624,000 jobs, mainly in leisure and hospitality with 332,000 jobs. Despite this positive trend, total employment is still 7 million jobs short of pre-pandemic levels. The July report will be released on August 4, 2021.
ADP Research Institute will release the June findings of the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on June 30, 2021, at 8:15 a.m. ET. The ADP Small Business Report focuses on private sector employment data for businesses with 49 or fewer employees. The reports utilize payroll data from 460,000 U.S. clients, encompassing nearly 26 million workers. A media conference call, featuring ADP Chief Economist Nela Richardson, will follow at 8:30 a.m. ET.
ADP (Nasdaq: ADP) will release its financial results for the fourth fiscal quarter ending June 30, 2021, on July 28, 2021, before the Nasdaq opens. A conference call will be held at 8:30 a.m. ET on the same day, featuring CEO Carlos Rodriguez, CFO Kathleen Winters, and VP of Investor Relations Danyal Hussain. Results will be posted on the Investor Relations section of ADP's website, with a news alert indicating their availability. Interested parties can participate via live webcast and view the accompanying slide presentation.
The ADP National Employment Report for May 2021 indicates a significant increase in private sector employment, with 978,000 jobs added from April to May. This marks the strongest growth since the early recovery phase of the pandemic. Job growth was observed across all company sizes: small businesses added 333,000 jobs, medium businesses 338,000, and large businesses 308,000. The service-providing sector contributed the majority of new jobs, totaling 850,000. The report also revised April's job addition figure from 742,000 to 654,000.
FAQ
What is the current stock price of Automatic Data Processing (ADP)?
What is the market cap of Automatic Data Processing (ADP)?
What services does ADP provide?
Where is ADP headquartered?
What is ADP Assist?
How many clients does ADP serve?
What is the ADP Marketplace?
How does ADP ensure data security?
What recent advancements has ADP made?
How does ADP use its data?
What is the ADP National Employment Report?
How long has ADP been in operation?
