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Automatic Data Processing (ADP) Company Profile

Updated Sep 9, 2019
Automatic Data Processing has the following business profile:
Company's Full Name:Automatic Data Processing
Short Name:Automatic Data Processing
Trading Ticker Symbol:ADP
Primary Exchange:NASDAQ
Headquarter City/Country:Roseland, New Jersey
Primary Industry Sector:Technology
Seconday Sub-sector:EDP Services
Main Business Areas: Technology, EDP Services, Industrials, Business Services, NASDAQ
Dividend Payments:Dividend History

Market and Trading Information for Automatic Data Processing

The following details were available for trading and market data about the stock of Automatic Data Processing as of writing:
Current Share Price:$168.05
Previous Year's Closing Price:$131.12
Percentage Price Change (YTD):28.17%
Market Cap:$71.49 billion
52-week Price Range:$121.4 - $174.5
Dividend Per Share:$3.06
EPS (TTM):5.24
Price-Earnings (Trailing):32.07
Price-Earnings (Forward):24.21

Company Profile and Business Description for Automatic Data Processing

Automatic Data Processing, Inc. (ADP), incorporated on June 12, 1961, is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services. The Company markets its solutions primarily through its direct sales force. Employer Services also markets its solutions through indirect sales channels, such as marketing relationships with banks and certified public accountants, among others.

Employer Services

The Employer Services segment offers a range of human resources (HR) business process outsourcing and technology-enabled HCM solutions. These offerings include payroll services, benefits administration, talent management, HR management, time and attendance management, insurance services, retirement services, and tax and compliance services. Employer Services serves clients ranging from single-employee small businesses to enterprises with multinational operations.

ADP provides a range of solutions, through a software- and service-based delivery model, which businesses of various sizes can use to recruit, staff, pay, manage and retain employees. ADP has also opened access to developers and system integrators through certain of its platforms' application programming interface libraries. Its suite of HCM products offers solutions to assist employers of all sizes in various stages of the employment cycle, from recruitment to retirement, including RUN Powered by ADP, ADP Workforce Now, ADP Vantage HCM and ADP GlobalView HCM. Outside the United States, ADP offers HCM solutions on local, country-specific platforms. These suites of services offer various combinations of payroll, HR management, time and attendance management, and talent management, depending on the country in which the solution is provided. ADP provides payroll services to employers of various sizes, including the preparation of employee paychecks, pay statements, supporting journals, summaries, and management reports.

ADP provides employers with a range of payroll options, including entering their payroll data online with an Internet-based solution or through a mobile device, and outsourcing their entire payroll process to ADP. In the United States, ADP provides solutions for outsourced employee benefits administration. Employee benefits administration options in the United States include health and welfare administration, spending account management (healthcare spending accounts, dependent care spending accounts, health reimbursement arrangements, health savings accounts, commuter benefits, and employee reimbursement services), Consolidated Omnibus Budget Reconciliation Act (COBRA) administration, direct bill services, leave administration services, insurance carrier enrollment services, employee communication services, and dependent verification services. In addition, ADP benefits administration solutions offer employers a cloud-based eligibility and enrollment system that provides their employees with tools, communications and other resources.

ADP's Talent Management solutions simplify the talent acquisition and performance management process from recruitment to ongoing employee development. ADP's Human Resources Management Solutions provide employers with a single system of record to support the entry, validation, maintenance, and reporting of data required for HR management, such as employee names, addresses, job types, salary grades, employment history, and educational background. ADP's Human Resources Management Solutions can also be combined with ADP's Talent Management Solutions and other HCM offerings. ADP offers multiple options for employers of various sizes to collect employee time and attendance information, including electronic timesheets, badge cards, biometric and touch-screen time clocks, telephone/interactive voice response, and mobile smartphones and tablets.

ADP's Insurance Services business, in conjunction with its licensed insurance agency, Automatic Data Processing Insurance Agency, Inc., facilitates access in the United States to workers' compensation and group health insurance for small and mid-sized clients through a range of insurance carriers. ADP's automated Pay-by-Pay premium payment program calculates and collects workers' compensation premium payments each pay period in order to simplify this task for employers. ADP Retirement Services offers a 401(k) plan program, which provides recordkeeping and administrative services, combined with an investment platform offered through ADP Broker-Dealer, Inc. that gives its clients' employees access to a range of investment options and online tools to monitor the performance of their investments. ADP Retirement Services also offers trustee services through a third party.

The Company's tax and compliance services include ADP SmartCompliance, ADP SmartCompliance Employment Tax, ADP SmartCompliance Wage Payments, ADP SmartCompliance Tax Credits, ADP SmartCompliance Wage Garnishments, ADP SmartCompliance Unemployment Claims, ADP SmartCompliance Employment Verification and ADP Health Compliance. In the United States, the ADP SmartCompliance solution integrates client data delivered from ADP integrated HCM platforms or third-party payroll, HR and financial systems into a single, cloud-based platform enabling clients to consolidate their data in one location. As part of ADP's employment tax services in the United States, ADP prepares and files employment tax returns on its clients' behalf with federal, state, and local tax agencies. In the United States, in addition to ADPCheck, ADP's traditional payroll check offering, ADP offers electronic payroll disbursement options that can be integrated with the client's payroll systems and ERP applications.

ADP offers an integrated solution to help its clients manage the wage garnishment process through integration with their payroll systems. In the United States, ADP helps employers process and submit required correspondence and responses to federal and state agencies, courts and third parties. In addition, ADP's Wage Garnishment services in the United States include wage garnishment order evaluation and processing, disbursement services and a call center to field garnishment-related inquiries from employees, payees, and other third parties. ADP offers a single-source solution to help manage the entire unemployment claims process in the United States, including pre-separation planning, claim protests and administration, appeal processing, hearing representation, and audits of benefit charges. ADP offers an automated solution to provide credentialed verifiers with information to verify employment and income, such as when an employee applies for a loan, credit card, lease or government assistance. ADP Health Compliance helps businesses manage crucial employer-related elements of the United States Patient Protection and Affordable Care Act, including determining offer of coverage eligibility, assessing affordability, and providing a regulatory management solution.

Professional Employer Organization Services

ADP TotalSource, ADP's PEO business, offers small and mid-sized businesses a HR outsourcing solution through a co-employment model. As a PEO, ADP TotalSource provides HR management services while the client continues to direct the day-to-day job-related duties of the employees. ADP TotalSource combines HR management and employee benefits functions, including HR administration, employee benefits, and employer liability management, into a single-source solution: HR Administration. ADP TotalSource offers a range of HR administration services, such as employee recruitment and selection, payroll and tax administration, time and attendance management, benefits administration, employee training and development, online HR management tools and employee leave administration.

Through the co-employment model, ADP TotalSource provides eligible worksite employees with access to group health, dental and vision coverage; a 401(k) retirement savings plan; health savings accounts; spending accounts; group term life and disability coverage, and an employee assistance program. ADP TotalSource provides a workers' compensation program; unemployment claims management; safety compliance guidance and access to safety training, and access to employment practices liability insurance.

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Peer / Competitor Companies of EDP Services Sector

Along with Automatic Data Processing, the following other peer (competitor) companies also exist within the same EDP Services - Technology sector whose company profile and dividend history is as follows:

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▶ Aerohive Networks (HIVE): Aerohive Networks, Inc., incorporated on March 15, 2006, together with its subsidiaries, has designed and developed a cloud-managed mobile networking platform that enables enterprises to deploy and manage a mobile-centric ....See Detailed Company Profile  and Dividend History.

▶ Agilysys (AGYS): Agilysys, Inc., incorporated on February 4, 1963, is a technology company. The Company provides software for point-of-sale (POS), property management, inventory and procurement, workforce management, analytics, document management, and mobile ....See Detailed Company Profile  and Dividend History.

▶ Allscripts Healthcare (MDRX): Allscripts Healthcare Solutions, Inc. (Allscripts), incorporated on July 11, 2000, delivers information technology (IT) solutions and services to help healthcare organizations. The Company operates through three segments: Clinical and Financial ....See Detailed Company Profile  and Dividend History.

▶ Amdocs (DOX): Amdocs Limited, incorporated on September 28, 1988, is a provider of software and services for communications, entertainment and media industry service providers. The Company develops, implements and manages software and ....See Detailed Company Profile  and Dividend History.

▶ Aspen Technology (AZPN): Aspen Technology, Inc., incorporated on March 11, 1998, is a global provider of process optimization software solutions designed to manage and optimize plant and process design, operational performance, and supply ....See Detailed Company Profile  and Dividend History.

▶ Asure Software (ASUR): Asure Software, Inc., incorporated on May 30, 1989, is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company ....See Detailed Company Profile  and Dividend History.

▶ Autohome (ATHM): Autohome Inc., incorporated on June 23, 2008, is an online destination for automobile consumers in China. The Company is engaged in the provision of online advertising and dealer subscription services ....See Detailed Company Profile  and Dividend History.

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▶ Bitauto (BITA): Bitauto Holdings Limited (Bitauto), incorporated on October 21, 2005, is a provider of Internet content and marketing services for Chinas automotive industry. The Companys bitauto.com and taoche.com Websites provide consumers ....See Detailed Company Profile  and Dividend History.

▶ Blucora (BCOR): Blucora, Inc., incorporated on April 9, 1996, is a provider of technology-enabled financial solutions to consumers, small business owners and tax professionals. The Company operates through the Wealth Management and ....See Detailed Company Profile  and Dividend History.

▶ Brightcove (BCOV): Brightcove Inc., incorporated on August 24, 2004, is a global provider of cloud-based services for video. The Companys products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), ....See Detailed Company Profile  and Dividend History.

▶ CACI International (CACI): CACI International Inc (CACI), incorporated on October 8, 1985, is a simulation technology company. The Company provides information solutions and services. The Company operates through two segments: domestic operations and ....See Detailed Company Profile  and Dividend History.

▶ Callidus Software (CALD): Callidus Software Inc. (Callidus), incorporated on September 6, 1996, is a provider of cloud-based sales, marketing, learning and customer experience solutions. The Companys CallidusCloud enables its customers to manage their ....See Detailed Company Profile  and Dividend History.

▶ Carbonite (CARB): Carbonite, Inc., incorporated on February 10, 2005, provides data protection solutions, including cloud, hybrid and on-premise backup and restore, disaster recovery as a service (DRaaS) and e-mail archiving. The Companys ....See Detailed Company Profile  and Dividend History.

▶ Castlight Health (CSLT): Castlight Health, Inc., incorporated on January 31, 2008, offers a health benefits platform that engages employees to make healthcare decisions, and enables employers to communicate and measure their benefit programs. ....See Detailed Company Profile  and Dividend History.

▶ Cerner (CERN): Cerner Corporation (Cerner), incorporated on October 6, 1986, is a supplier of healthcare information technology (HCIT). The Company offers a range of intelligent solutions and services that support the clinical, ....See Detailed Company Profile  and Dividend History.

▶ ChinaCache International (CCIH): ChinaCache International Holdings Ltd. (ChinaCache), incorporated on June 29, 2005, is a holding Company. The Company provides a portfolio of services and solutions to businesses, government agencies and other enterprises ....See Detailed Company Profile  and Dividend History.

▶ Ciber (CBR): 1-2, Chiba Minato, Chuo-ku....See Detailed Company Profile  and Dividend History.

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