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 (Nasdaq: ADP) plans to release its financial results for the third fiscal quarter ending March 31, 2023, on April 26, 2023, prior to the Nasdaq opening. A conference call will follow at 8:30 a.m. ET, featuring CEO Maria Black, CFO Don McGuire, and VP of Investor Relations Danyal Hussain. ADP has shifted from traditional news wire services to posting results directly on its investor relations website, ensuring that stakeholders are alerted when materials are available for public access.
On March 8, 2023, ADP reported a rise of 242,000 jobs in private sector employment for February, with annual pay up 7.2% year-over-year. The report, derived from over 25 million U.S. employee payroll records, indicates strong job growth despite a slight decrease in wage growth. Nela Richardson, ADP's chief economist, noted that while hiring remains robust, elevated pay growth may not significantly curb inflation in the near term. The report highlights industry-level job changes, regional differences, and employment trends by establishment size.
ADP, a leader in human capital management solutions, announced new sponsorships with the Advocates Pro Golf Association (APGA) and U.S. Paralympian Noelle Lambert on February 8, 2023. ADP aims to promote equity and inclusion in sports, enhancing its Team ADP athlete roster, which includes prominent players from the golf world. As the Official HR and Payroll Provider for the APGA Tour, ADP will support initiatives like the Elite Player Combines and youth development programs. This collaboration aligns with ADP's commitment to innovation and success through diverse experiences, underscoring its dedication to community engagement and athlete support.
In January 2023, the ADP National Employment Report revealed a rise of 106,000 jobs in private sector employment, coupled with a 7.3% increase in annual pay compared to the previous year. The report highlighted extreme weather disruptions affecting employment during the reference week. Job growth varied across sectors, with a 3,000 decline in goods-producing jobs, while service-providing jobs increased by 109,000. Notably, large establishments contributed the most to job gains, adding 128,000 jobs. Pay growth remained steady for job stayers but surged to 15.4% for job changers.
ADP (Nasdaq: ADP) reported its second quarter fiscal 2023 financial results on January 25, 2023. The comprehensive earnings release is available on ADP's investor relations website and will be submitted to the SEC as a Form 8-K. Additionally, ADP has scheduled a conference call for financial analysts to discuss these results at 8:30 a.m. ET on the same day, with a live webcast accessible online. Complete financial information, including quarterly segment revenues for fiscal years 2021, 2022, and 2023, can also be found on their website. ADP emphasizes its commitment to designing better HR solutions through advanced technology and exceptional services.
The board of directors of Automatic Data Processing (Nasdaq: ADP) has declared a quarterly dividend of $1.25 per share. This dividend is payable on April 1, 2023 to shareholders on record as of March 10, 2023. This regular dividend showcases ADP's commitment to returning value to its shareholders.
The ADP National Employment Report for December 2022 reveals a rise in private sector employment by 235,000 jobs, with annual pay increasing by 7.3%. The report, based on payroll data from over 25 million U.S. employees, shows significant job growth in consumer-facing service industries, while large establishments experienced a loss of 151,000 jobs. Notably, pay growth saw its largest decline since March 2022, particularly among job stayers. This report provides critical insights into the labor market dynamics and wage evolution.
ADP, a global leader in Human Capital Management, will release its financial results for Q2 of fiscal year 2023 on January 25, 2023, prior to Nasdaq's opening. The results will be accessible on ADP's Investor Relations page, with an alert issued via news wire. Following the release, a conference call will be held at 8:30 a.m. ET, featuring CEO Maria Black, CFO Don McGuire, and VP of Investor Relations Danyal Hussain. Investors can listen live on ADP's website.
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