Automatic Data Processing Inc Stock Price, News & Analysis

The board of directors of Automatic Data Processing, Inc. (ADP) has announced a quarterly dividend of 93 cents per share, payable on July 1, 2021. Shareholders on record by June 11, 2021 will be eligible to receive this dividend. This consistent dividend payment underscores ADP's commitment to delivering value to its shareholders. ADP continues to focus on enhancing its service offerings in HR, Payroll, and other areas, leveraging data-driven insights to improve customer experiences.

On April 6, 2021, ADP was recognized as a Leader in the NelsonHall Payroll Services NEAT 2021 Assessment for the seventh consecutive year. The firm excelled in Digital Payroll Capability, Multi-Country Capability, and Asia Pacific Presence. This recognition reflects ADP's strong performance in providing modern and customizable payroll services, underpinned by advanced technology including AI and cloud solutions. NelsonHall highlighted ADP's capability to support nearly 37 million employees globally, reinforcing its significant global footprint.

The March 2021 ADP National Employment Report reveals a significant increase in private sector employment, with 517,000 jobs added from February to March. Small businesses contributed 174,000 jobs, medium businesses added 188,000, and large businesses accounted for 155,000. The service sector saw the most growth, particularly in leisure and hospitality, which added 169,000 jobs. February's job additions were revised upward from 117,000 to 176,000. The report underscores a robust recovery in the labor market as the economy gradually reopens.

ADP has been awarded the 2021 Data Breakthrough Awards for its innovative workforce analytics solution, ADP DataCloud, recognized as the Data Analytics Innovation of the Year. This accolade highlights ADP DataCloud's capability to address key business challenges like employee retention and pay equity. The solution utilizes AI to analyze data from over 740,000 organizations, providing actionable insights to enhance decision-making. The award was announced during a competitive year with over 1,450 nominations globally.

The ADP Research Institute will release the March findings of the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on March 31, 2021, at 8:15 a.m. ET. These reports provide vital insights into private sector employment, with data derived from ADP payroll records of 460,000 clients and nearly 26 million workers. The ADP Small Business Report focuses specifically on businesses with fewer than 50 employees. A conference call for media will follow at 8:30 a.m. ET with ADP Chief Economist Nela Richardson.

ADP, a global leader in Human Capital Management (HCM) solutions, will release its financial results for the third fiscal quarter ending March 31, 2021, before the Nasdaq opens on April 28, 2021. A conference call will follow at 8:30 a.m. ET, featuring CEO Carlos Rodriguez, CFO Kathleen Winters, and VP of Investor Relations Danyal Hussain. Results will no longer be distributed via news wire but will be available on ADP's Investor Relations website, with an alert issued when materials are publicly accessible.

According to the February ADP National Employment Report, private sector employment rose by 117,000 jobs from January to February 2021. The increase was driven primarily by medium-sized businesses, which added 57,000 jobs, while small businesses contributed 32,000 jobs and large businesses 28,000 jobs. The goods-producing sector saw a decline of 14,000 jobs, while the service-providing sector gained 131,000 jobs. January's total was revised from 174,000 to 195,000. The report emphasizes a sluggish recovery in the labor market, heavily impacted by COVID-19.

ADP has launched Roll™ by ADP, a new payroll app designed for small businesses. This app allows users to run payroll in under a minute using a simple chat interface, eliminating the need for extensive training. Roll is backed by ADP's expertise and offers built-in tax filing, compliance support, and proactive reminders. Available immediately, the app's introductory pricing is $17/month plus $5 per employee. ADP aims to simplify payroll processes, especially as small businesses recover from pandemic-related challenges.

ADP Research Institute will release key employment reports on March 3, 2021, including the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report. These reports provide critical insights into private sector employment trends, derived from payroll data of 460,000 clients and nearly 26 million workers. The ADP Small Business Report focuses on businesses with 49 employees or fewer, while the ADP National Franchise Report analyzes changes in franchise employment, covering 15,000 franchisors and nearly one million workers.