Automatic Data Processing Inc Stock Price, News & Analysis

ADP has partnered with Managed Health to introduce the Managed Health Champ Plan, an innovative healthcare solution aimed at enhancing employee benefits while providing cost savings for businesses. This independent benefit plan offers employees improved access to healthcare services at a zero net-out-of-pocket cost. The plan is designed to complement existing corporate health insurance and features a structured Section 125 plan to yield significant savings for employers. ADP will provide this alongside its RUN Powered by ADP Enhanced Payroll service.

ADP and the Stanford Digital Economy Lab will release the August 2022 non-farm private jobs report on August 31, 2022, at 8:15 a.m. ET. The report includes data from over 25 million U.S. workers, providing insights into the labor market.

ADP's pay measure analyzes salaries of about 10 million employees over a 12-month span, contributing to a comprehensive overview of employment changes. Following the report, ADP Chief Economist, Dr. Nela Richardson, will discuss the findings in a media conference call.

The ADP Research Institute, in collaboration with the Stanford Digital Economy Lab, has launched a new high-frequency data series for the ADP National Employment Report. Available starting August 31, this innovative methodology aims to provide detailed insights into U.S. workforce dynamics, encompassing jobs and pay data from over 25 million workers. Key features include a monthly jobs report detailing non-farm private employment changes and unique pay insights capturing median annual pay growth across various sectors. This initiative seeks to enhance labor market analysis and provide reliable economic indicators.

ADP has been recognized with an eighth consecutive "Top HR Product" award at the 2022 HR Technology Conference for its Intelligent Self-Service solution. This innovative tool utilizes predictive analytics and machine learning to proactively resolve common HR issues, significantly reducing the workload of HR practitioners. The solution addresses an estimated one-third of HR case volume, enhancing employee experience by enabling faster issue resolution. Key features include Action Cards, a Virtual Assistant, Policy Personalization, and streamlined Case Management.

The board of directors of Automatic Data Processing (Nasdaq: ADP) announced a quarterly dividend of $1.04 per share, payable on October 1, 2022. Shareholders on record as of September 9, 2022 will receive this dividend, reaffirming the company's commitment to returning value to its shareholders.

ADP announced its fourth quarter fiscal 2022 financial results and provided an outlook for fiscal 2023. The results are detailed in its earnings release accessible on its website. A conference call for financial analysts is scheduled for July 27, 2022, at 8:30 a.m. ET, available via webcast. Supplemental financial data, including quarterly and full-year segment revenues, will also be posted online. ADP focuses on human capital management solutions, striving for innovative workforce management solutions.

Aircall announces the appointment of Michael Haske as CEO effective September 2, 2022, succeeding co-founder Olivier Pailhes. Haske, with extensive experience in cloud software from his role at Paylocity, takes the helm as Aircall reaches $100 million in Annual Recurring Revenue (ARR) and a valuation exceeding $1 billion. Pailhes will remain on the board as a strategic advisor. Haske aims to leverage his experience to drive global growth and enhance Aircall’s cloud communications solutions, continuing its mission to empower professional conversations.

The ADP Research Institute and Stanford Digital Economy Lab announced a collaboration to enhance the ADP National Employment Report (NER) methodology, aiming for a more accurate, high-frequency labor market analysis. The current report will be temporarily paused, with a target to reintroduce the redesigned NER by August 31, 2022. ADP's vast dataset of over 26 million employees will aid in delivering reliable labor market indicators. This initiative underscores the significance of real-time data in addressing economic questions and is expected to benefit businesses and policymakers.

ADP (NASDAQ: ADP) is set to announce its financial results for Q4 of fiscal year 2022, concluding on June 30, 2022. The results will be released before the market opens on July 27, 2022. A conference call to discuss these results will occur at 8:30 a.m. ET on the same day, featuring key executives including CEO Carlos Rodriguez and CFO Don McGuire. Notably, ADP has transitioned away from publishing results via news wire, opting instead for direct posting on its Investor Relations website, with alerts sent for public availability.