Automatic Data Processing Inc Stock Price, News & Analysis

The board of Automatic Data Processing (ADP) has declared a quarterly dividend of 91 cents per share. This dividend will be payable on October 1, 2020 to shareholders recorded by September 11, 2020. This announcement reflects ADP's commitment to returning value to its shareholders. As a leader in HR, payroll, and benefits services, ADP continues to support its stakeholders amid economic fluctuations.

The July ADP National Employment Report revealed a 167,000 job increase in private sector employment from June to July 2020. This monthly report, produced by the ADP Research Institute in collaboration with Moody's Analytics, highlights significant employment changes across different company sizes and sectors. Small businesses added 63,000 jobs, while large businesses contributed 129,000. However, medium businesses saw a decline of 25,000 jobs. The report indicates a slowdown in labor market recovery, affecting businesses across all sectors.

ADP Research Institute is set to release key employment data on August 5, 2020, at 8:15 a.m. ET. This includes the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report, derived from payroll data of approximately 460,000 U.S. clients and almost 26 million workers. The reports aim to provide valuable insights into private sector employment trends. A conference call with economist Mark Zandi will follow at 8:30 a.m. ET for further context on the data.

ADP (Nasdaq: ADP) reported its fourth quarter and fiscal 2020 results on July 29, 2020, with insights into its performance and outlook for fiscal 2021. The company provides human capital management solutions and aims to enhance workplace efficiency through innovative technologies. Key financial metrics and segment revenues are available on ADP's investor relations website, indicating a commitment to transparency and continued development in the HCM space.

ADP has launched the Simplified 5500 Compliance Reporting Process to help businesses manage retirement plan compliance amid ongoing pandemic challenges. This new feature is part of an enhanced Compliance Dashboard aimed at easing the Form 5500 filing process. ADP's solution includes pre-populated plan data, guided online filing, and notifications for filing errors. With this initiative, ADP aims to support businesses in streamlining administrative tasks, allowing them to focus on core operations while ensuring compliance and enhancing financial well-being for employees.

ADP's anonymized payroll data reveals significant insights into COVID-19's impact on the labor market, particularly at the State of the Labor Market Summit 2020. Key findings indicate unprecedented job losses concentrated among lower wage workers. Research included assessments of the effectiveness of the Paycheck Protection Program and the implications of lockdowns on employment and business viability. The summit featured experts from MIT, the University of Chicago, and Moody's Analytics, discussing the economy's future amid ongoing challenges.

ADP Research Institute will release key employment reports on July 1, 2020, at 8:15 a.m. ET. These include the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report. The reports are based on data from approximately 460,000 U.S. clients and nearly 26 million workers, emphasizing the impact of small businesses on economic growth. A media conference call featuring Mark Zandi, Chief Economist at Moody's Analytics, will follow at 8:30 a.m. ET.

ADP is set to release its financial results for the fourth fiscal quarter ending June 30, 2020, on July 29, 2020, before Nasdaq opens. A conference call will take place at 8:30 a.m. ET on the same day, featuring key executives including CEO Carlos Rodriguez and CFO Kathleen Winters. Unlike previous practices, ADP will not distribute results via news wire but will post them on its Investor Relations website. An alert will notify investors when the materials are accessible. Participants can join the call via live webcast on ADP's website.