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.
Automatic Data Processing (ADP) announces a $0.02 increase in its quarterly cash dividend, bringing the annual rate to $3.72 per share. This marks the 46th consecutive year of dividend increases, reflecting the board's confidence in the company's future amid economic uncertainties. The new dividend rate of $0.93 per share will be distributed on January 1, 2021, to shareholders of record on December 11, 2020. ADP continues to emphasize its commitment to shareholder-friendly actions.
ADP has been recognized as a Leader in the 2020 Multi-Country Payroll Solutions PEAK Matrix Assessment by Everest Group. This marks the seventh consecutive year ADP has achieved this ranking, highlighting its robust global service capabilities and innovative payroll practices. Key strengths include extensive geographic coverage, enhanced integration options, and advanced benchmarking capabilities. ADP's ongoing investment in technology further supports its future growth in providing comprehensive payroll solutions. The assessment underscores the growing demand for unified global payroll services amidst evolving compliance needs.
ADP, a global leader in human capital management, is enhancing its integration with ZipRecruiter to support businesses in talent acquisition. This partnership allows ADP Workforce Now users to access ZipRecruiter's features directly, streamlining recruitment processes. Key benefits include tools to find quality candidates faster, flexible job slots, and real-time application tracking. New intelligent features powered by ADP DataCloud, like Profile Relevancy and Compensation Benchmarks, further enhance recruitment efficiency, allowing businesses to adapt swiftly in a challenging economic landscape.
According to the October ADP National Employment Report, private sector employment saw an increase of 365,000 jobs from September to October 2020. This report, generated from actual payroll data of ADP's clients, shows employment gains across all business sizes and sectors. Small businesses added 114,000 jobs, medium businesses 135,000, and large businesses 116,000. Service-providing sectors led the growth with 348,000 jobs added, while goods-producing sectors contributed 17,000 jobs. The report highlights ongoing job recovery in a challenging economic environment.
On November 4, 2020, ADP will release the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report at 8:15 a.m. ET. These reports, derived from payroll data of 460,000 U.S. clients and 26 million workers, provide vital insights into private sector employment trends. The reports are aimed at enhancing understanding of labor market dynamics, especially highlighting small businesses. Following the release, a media conference call will feature Mark Zandi, Chief Economist at Moody's Analytics, at 8:30 a.m. ET.
ADP reported its first quarter fiscal 2021 results on October 28, 2020. The company is a leader in human capital management solutions. ADP's earnings release and revised fiscal outlook are available on its website. A conference call will follow at 8:30 a.m. ET. Supplemental financial information concerning quarterly and annual reportable segment revenues is also accessible online. Investors can find detailed financial insights, SEC filings, and relevant news updates on ADP's Investor Relations page.
On Oct. 6, 2020, at the virtual HR Technology Conference, ADP's Next Gen Payroll Platform was recognized as a 'Top HR Product', marking the sixth consecutive year the company has received awards for its innovative human capital management (HCM) solutions. Designed on a public cloud, this platform offers real-time payroll capabilities, empowering employees with transparency and predictive insights while aiding HR practitioners in navigating regulatory changes. Clients are currently piloting the platform, reflecting ADP's commitment to addressing modern payroll challenges.
According to the ADP National Employment Report, private sector employment rose by 749,000 jobs from August to September 2020. The increase reflects a continued recovery in the labor market with small businesses contributing 192,000 jobs, medium businesses adding 259,000 jobs, and large businesses accounting for 297,000 jobs. The goods-producing sector saw an increase of 196,000 jobs, while the service-providing sector added 552,000 jobs. The report is produced by the ADP Research Institute in collaboration with Moody's Analytics.
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