Automatic Data Processing Inc Stock Price, News & Analysis

ADP (Nasdaq: ADP) is set to report its financial results for the first fiscal quarter ending September 30, 2020, on October 28, 2020, before the Nasdaq opens. A conference call will follow at 8:30 a.m. ET, featuring executives Carlos Rodriguez, Kathleen Winters, and Danyal Hussain. Important to note, ADP will no longer distribute results via news wire; instead, they will be made available on their Investor Relations website. Interested parties can access the live webcast of the call and accompanying slides online.

ADP has been recognized by Constellation Research in four categories on its Constellation ShortLists, which assist organizations in selecting technology solutions for digital transformation. ADP's notable categories include Compensation Management, Global HCM, Payroll for North American SMBs, and Workforce Management. Constellation Research commended ADP for its comprehensive solutions that address compliance challenges and enhance workforce management. Corporate vice president Don Weinstein expressed pride in the recognition and underscored ADP's commitment to evolving its offerings to meet business needs in a changing climate.

ADP Research Institute will release the ADP National Employment Report, ADP Small Business Report, and ADP National Franchise Report on September 30, 2020 at 8:15 a.m. ET. The reports provide crucial insights into employment trends, with the Small Business Report focusing on companies with 49 or fewer employees. The data is derived from ADP payroll data from 460,000 U.S. clients, covering nearly 26 million workers. Following the release, Moody's Analytics Chief Economist Mark Zandi will discuss the findings in a media conference call.

ADP has announced the nomination of Linnie M. Haynesworth to its Board of Directors for the upcoming Annual Meeting of Stockholders on November 11, 2020. With a strong background in technology integration, cybersecurity, and risk management, Ms. Haynesworth brings valuable experience from her tenure at Northrop Grumman. ADP's leadership expressed enthusiasm over her appointment, highlighting her potential to enhance the company's focus on cyber resilience and human capital management solutions.

According to the ADP National Employment Report released on September 2, 2020, private sector employment rose by 428,000 jobs from July to August 2020. This monthly report is based on ADP's payroll data and indicates a gradual recovery in job postings post-COVID-19, although gains remain insufficient to reach pre-pandemic levels. Of the new jobs, small businesses added 52,000, medium businesses 79,000, and large businesses 298,000. Key sectors included service-providing jobs, which accounted for 389,000 of the total increase.

On September 2, 2020, at 8:15 a.m. ET, the ADP Research Institute will release its August National Employment Report, Small Business Report, and National Franchise Report. These reports provide vital employment data, leveraging payroll information from 460,000 U.S. clients and nearly 26 million workers, in collaboration with Moody's Analytics. The Small Business Report focuses on businesses with 49 or fewer employees, while the Franchise Report assesses changes in franchise employment. A media call will follow at 8:30 a.m. ET with economist Mark Zandi.

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.