Automatic Data Processing Inc Stock Price, News & Analysis

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.

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.