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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.

News

ADP® Offers AI-Enabled Partner Solutions on Powerful, Simple and Secure ADP Marketplace

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ADP Marketplace, the world's largest digital HR storefront with over 800 partner solutions, enhances client experience by offering AI-enabled integrated partner solutions. ADP adopts responsible AI principles, uses machine learning to surface best-fit applications, and ensures partners comply with AI guidelines. Clients can easily purchase HR solutions with AI features for various functions, benefiting from secure integrations and single sign-on.
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ADP Named One of Fortune's "World's Most Admired Companies" for 18th Straight Year

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ADP has been named one of the 'World's Most Admired Companies' by FORTUNE® magazine for the 18th consecutive year. This recognition is based on performance, reputation, product and service quality, global business effectiveness, and innovation. The survey evaluated approximately 1,500 companies, including the 1,000 largest U.S. companies ranked by revenue and non-U.S. companies in the FORTUNE Global 500TM database with revenues of $10 billion or more. ADP's president and CEO, Maria Black, attributes the company's success to its 75 years of experience and the dedication of its 63,000 associates worldwide. The complete list will be available in the February/March 2024 issue of FORTUNE® magazine.
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ADP® Assist with Generative AI Features Makes HCM Decisions Easy, Smart and Human

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ADP announces the availability of ADP Assist, a cross-platform solution powered by generative AI (GenAI) that enhances HR productivity, aids decision-making with data-driven insights, and streamlines day-to-day tasks for practitioners, managers, employees, and executives. The solution harnesses the power of ADP's unparalleled data and expertise to simplify the world of work, building on ADP's current AI capabilities and currently in early release with some ADP clients. ADP's extensive and unique dataset is used to train ADP's AI to anticipate what users want and need, turning unmatched data into highly credible and actionable insights. The solution seamlessly integrates with ADP products across multiple platforms, providing valuable and contextual insights touching every aspect of HR. ADP has adopted an extensive set of principles and processes to govern its use of artificial intelligence, machine learning, and other new technologies, addressing ethical questions and compliance requirements for its business and the clients it serves around the world.
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ADP National Employment Report: Private Sector Employment Increased by 107,000 Jobs in January; Annual Pay was Up 5.2%

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Private sector employment increased by 107,000 jobs in January, with annual pay up 5.2 percent year-over-year. The ADP National Employment Report provides a representative and high-frequency view of the private-sector labor market based on actual payroll data of more than 25 million U.S. employees. The report also shows a slowdown in hiring and pay pressure easing, with the economy heading towards a soft landing in the U.S. and globally.
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ADP Reports Second Quarter Fiscal 2024 Results

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ADP (Nasdaq: ADP) reported its second quarter fiscal 2024 financial results and revised fiscal 2024 outlook. The company will host a conference call for financial analysts on January 31, 2024, at 8:30 a.m. ET. The earnings release is available on the company's website and will be furnished to the SEC on Form 8-K. A slide presentation will accompany the webcast.
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ADP appoints Thomas J. Lynch as the new Independent Board Chair

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ADP (Automatic Data Processing) (ADP) appoints Thomas J. Lynch as independent, non-executive board chair to succeed Carlos A. Rodriguez as executive chair of the board, effective as of January 31, 2024. Mr. Rodriguez will continue to serve on the company's board as a non-employee director, while John P. Jones will transition from his role as lead independent director but remain a board member. Thomas J. Lynch is a seasoned business leader and served as CEO of TE Connectivity Ltd., a leading global technology and manufacturing company, from January 2006 to March 2017.
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ADP Declares Regular Quarterly Dividend

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Automatic Data Processing, Inc. (Nasdaq: ADP) has declared a regular quarterly dividend of $1.40 per share payable on April 1, 2024, to shareholders of record on March 8, 2024.
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ADP National Employment Report: Private Sector Employment Increased by 164,000 Jobs in December; Annual Pay was Up 5.4%

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ADP National Employment Report shows private sector employment increased by 164,000 jobs in December 2023, with annual pay up 5.4% year-over-year. The report provides a detailed breakdown of job gains by industry sector, U.S. region, and establishment size, as well as insights into pay growth for job-stayers and job-changers.
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ADP to Announce Second Quarter Fiscal 2024 Financial Results on January 31, 2024

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ADP (Nasdaq: ADP) to Release Financial Results for Q2 Ending December 31, 2023
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ADP Named Market Leader in Global Payroll by Everest Group, NelsonHall and Ventana Research

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ADP (Automatic Data Processing, Inc.) has been recognized as a Leader in the global and North American payroll markets by three major industry analysts: Everest Group, NelsonHall, and Ventana Research. ADP has been named the highest Leader in the Multi-Country Payroll (MCP) Solutions PEAK Matrix report by Everest Group, a Leader in Payroll Services Vendor Evaluation and Assessment Tool (NEAT) by NelsonHall, and an Exemplary Leader in the North American Domestic, Global, and Payroll Management Buyers Guides by Ventana Research. These recognitions highlight ADP's strengths in geography, technology, customer experience, and analytics, positioning the company as a top performer in the payroll industry.
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FAQ

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

The current stock price of Automatic Data Processing (ADP) is $304.57 as of November 21, 2024.

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

The market cap of Automatic Data Processing (ADP) is approximately 123.2B.

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.

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Automatic Data Processing

Nasdaq:ADP

ADP Rankings

#104 Ranked by Market Cap
#1366 Ranked by Dividends

ADP Stock Data

123.20B
406.94M
0.12%
84.04%
1.6%
Software - Application
Services-computer Processing & Data Preparation
Link
United States of America
ROSELAND