STOCK TITAN

Automatic Data Processing - ADP STOCK NEWS

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.

Rhea-AI Summary

In November 2020, private sector employment rose by 307,000 jobs, according to the ADP National Employment Report. This monthly report, produced by the ADP Research Institute in collaboration with Moody's Analytics, analyzes changes in nonfarm private employment. The growth was primarily driven by medium-sized businesses (139,000 jobs) and small businesses (110,000 jobs), while large businesses contributed 58,000 jobs. The report indicates a positive job growth trend across all sectors, although the pace of growth continues to slow.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.77%
Tags
none
-
Rhea-AI Summary

The ADP Research Institute will publish the November findings of the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on December 2, 2020, at 8:15 a.m. ET. These reports utilize payroll data from 460,000 clients and nearly 26 million workers, offering insights into U.S. employment trends. After the reports, a conference call will be held at 8:30 a.m. ET, featuring Moody's Chief Economist Mark Zandi. The reports aim to serve as valuable economic indicators and are available to the public at no cost.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
none
-
Rhea-AI Summary

ADP highlights key trends reshaping the workforce in 2021, emphasizing a stronger focus on employee safety, resilience, diversity, flexibility, and compliance. A survey shows 39% of employers are concerned about worker health fears, while calls for guidance on wellness issues surged by 40%. Flexibility in work arrangements has increased significantly, with 44% of employers now offering formal policies. Additionally, 78% of employers estimate it will take over six months to return to pre-COVID-19 revenue levels. These findings indicate the need for businesses to adapt swiftly to new workplace realities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.27%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
Tags
dividends
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.69%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.14%
Tags
none
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.14%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.2%
Tags
none
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.2%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.36%
Tags
none

FAQ

What is the current stock price of Automatic Data Processing (ADP)?

The current stock price of Automatic Data Processing (ADP) is $294.02 as of December 20, 2024.

What is the market cap of Automatic Data Processing (ADP)?

The market cap of Automatic Data Processing (ADP) is approximately 118.4B.

What services does ADP provide?

ADP offers payroll, human capital management solutions, HR outsourcing, insurance, and retirement services.

Where is ADP headquartered?

ADP is headquartered in Roseland, New Jersey, USA.

What is ADP Assist?

ADP Assist is an AI-powered solution that transforms work data into actionable insights, enhancing productivity and decision-making in HR.

How many clients does ADP serve?

ADP serves over 1 million clients globally.

What is the ADP Marketplace?

ADP Marketplace is the world’s largest digital HR storefront, offering AI-enabled, integrated partner solutions to meet diverse HR needs.

How does ADP ensure data security?

ADP uses rigorous methods to safeguard privacy and ensure data security, including dedicated instances of AI models and strong governance policies.

What recent advancements has ADP made?

ADP has recently launched ADP Assist, a comprehensive AI solution, and enhanced ADP Marketplace with AI-enabled partner solutions.

How does ADP use its data?

ADP leverages its extensive dataset to train AI systems, providing clients with precise, actionable insights to aid in decision-making.

What is the ADP National Employment Report?

The ADP National Employment Report is an independent measure of changes in U.S. private employment and pay, based on anonymized payroll data.

How long has ADP been in operation?

ADP was established in 1949, making it one of the most experienced providers of human capital management solutions.

Automatic Data Processing

Nasdaq:ADP

ADP Rankings

ADP Stock Data

118.42B
406.91M
0.12%
84.47%
1.28%
Software - Application
Services-computer Processing & Data Preparation
Link
United States of America
ROSELAND