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 reports news on its global HR and payroll solutions business, including cloud-based human capital management products, payroll, talent, time management, tax, benefits, compliance and human resources outsourcing services. ADP serves small businesses through global enterprises and operates through Employer Services and Professional Employer Organization services.
Recurring ADP news includes quarterly earnings releases, fiscal outlook updates, senior note offerings and other capital actions, investor conference participation and labor-market publications. The ADP National Employment Report and NER Pulse use anonymized payroll data to report U.S. private-sector employment and pay trends.
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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.
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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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According to the November ADP National Employment Report, private sector employment rose by 127,000 jobs, marking a slowdown in job creation. Annual pay increased by 7.6% year-over-year. The construction and manufacturing sectors faced declines, while consumer-facing sectors like health care and hospitality experienced growth. Job changers saw a 15.1% pay increase, while job stayers experienced a 7.6% rise. The report highlights regional and establishment size disparities in employment changes.
ADP has enhanced its Wisely® payment platform with features like Earned Wage Access (EWA) to assist employees in managing finances and help employers attract talent. The platform enables secure digital accounts that integrate various income sources and offers tools like Bill Pay, Savings Envelopes (over $1.3B saved), Cash Back Rewards, and mobile wallet access. The update reflects a focus on digital financial wellness, as 91% of millennials consider EWA vital for employers. By integrating with payroll systems, Wisely aims to streamline payments and improve efficiency for employers.