Type
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Public |
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Traded as |
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Industry | Business services |
Founded | Paterson, New Jersey (1949) |
Founder | Henry Taub |
Headquarters | Roseland, New Jersey, U.S. |
Key people
|
Carlos A. Rodriguez (President & CEO) |
Services | Human resource, payroll, tax and benefits administration solutions from a single source |
Revenue | US$11,700,000,000 (2016) |
Website | www |
ADP, LLC., is an American provider of human resources management software and services. ADP was formerly one of four American companies to get a AAA credit rating from Standard & Poor's (S&P) and Moody's, but S&P and Moody's downgraded ADP to AA in April 2014, after the dealer services unit was spun off.
In 1949 Henry Taub founded Automatic Payrolls, Inc. as a manual payroll processing business with his brother Joe Taub. Frank Lautenberg joined the brothers in the company's infancy. In 1952, Lautenberg became Chairman and CEO of the company. In 1957, the company changed its name to Automatic Data Processing, Inc. (ADP), and began using punched card machines, check printing machines, and mainframe computers. ADP went public in 1961 with 300 clients, 125 employees and revenues of approximately US$400,000. The company established a subsidiary in the United Kingdom in 1965 and acquired the pioneering online computer services company Time Sharing Limited (TSL) in 1974. Lautenberg continued in his roles as Chairman and CEO until elected to the United States Senate from New Jersey in 1982.
From 1985 onward, ADP’s annual revenues exceeded the $1 billion mark, with paychecks processed for about 20% of the U.S. workforce. In the 1990s, ADP began acting as a professional employer organization (PEO). Around this time, the company acquired Autonom, a German company and the payroll and human resource services company, GSI, headquartered in Paris. In September 1998, ADP acquired UK-based Chessington Computer Centre that supplied administration services to the UK Government.
Kerridge Computer Co. Ltd., a dealer management systems (DMS) provider to auto dealers in the UK was acquired in 2006. In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc. On February 27, 2017, Automatic Data Processing Inc. confirmed it was closing its office in west Ann Arbor on March 30, 2017. At the time, ADP stated that it had around 56,000 employees worldwide, and that the year prior it had revenues of $12 billion, or US$11,700,000,000 in 2016. Also in early 2017, ADP described itself as the "largest provider of HR services in North America, Europe, Latin America and the Pacific Rim".
In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc. (NYSE: BR), removing about US$2,000,000,000 from ADP's total yearly revenue. ADP distributed one share of Broadridge common stock for every four shares of ADP common stock held by shareholders of record as of the close of business on March 23, 2007.
Formerly called ADP Dealer Services, CDK Global was formed October 01, 2014 and provides integrated technology services and solutions to over 27,000 automotive dealerships internationally, as well as vehicle manufacturers. In 2010, ADP acquired the automotive marketing company Cobalt.
BZ Results (Automotive Dealer Services), winner of the 2006 “Innovative Company of the Year”, was purchased by ADP in 2006. At the time, BZ Results was valued at $125 million. On April 7, 2014, ADP announced plans to spin off the Dealer Services division as a standalone company. On August 19, 2014, ADP Dealer Services announced that the name of the new company, post-spinoff, would be CDK Global.
ADP is the sponsor of the ADP National Employment Report as well as the ADP Small Business Report.
Period | Date | Adjusted Actuals EPS | GAAP EPS |
---|---|---|---|
Q3 2023 | 2023-04-26 | Future report Set alerts | |
Q2 2023 | 2023-01-25 | 1.96 | 1.96 |
Q1 2023 | 2022-10-26 | 1.86 | 1.86 |
Q4 2022 | 2022-07-27 | 1.50 | 1.50 |
Q3 2022 | 2022-04-27 | 2.21 | 2.21 |
Q2 2022 | 2022-01-26 | 1.65 | 1.65 |
Q1 2022 | 2021-10-27 | 1.65 | 1.65 |
Q4 2021 | 2021-07-28 | 1.20 | 1.20 |
Q3 2021 | 2021-04-28 | 1.89 | 1.89 |
Q2 2021 | 2021-01-27 | 1.52 | 1.52 |
2016-07-11 | Upgrade | Sanford C. Bernstein | Mkt Perform to Outperform | |
2016-05-16 | Reiterated Rating | Sterne Agee CRT | Neutral | |
2016-05-03 | Boost Price Target | Argus | Buy | $96.00 to $98.00 |
2016-05-02 | Boost Price Target | RBC Capital | Sector Perform | $87.00 to $90.00 |
2016-05-02 | Boost Price Target | Royal Bank Of Canada | Sector Perform | $87.00 to $90.00 |
2016-04-15 | Initiated Coverage | Compass Point | Sell | $76.00 |
2016-03-16 | Reiterated Rating | Robert W. Baird | Outperform | |
2016-02-04 | Lower Price Target | RBC Capital | Sector Perform | $88.00 to $87.00 |
2015-12-17 | Initiated Coverage | Sterne Agee CRT | Neutral | $90.00 |
2015-11-03 | Boost Price Target | Argus | Buy | $92.00 to $96.00 |
2015-10-29 | Boost Price Target | BMO Capital Markets | Market Perform | $94.00 |
2015-10-29 | Reiterated Rating | Topeka Capital Markets | Sell | |
2015-08-28 | Upgrade | William Blair | Market Perform to Outperform | |
2015-08-14 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $79.00 to $89.00 |
2015-08-03 | Lower Price Target | RBC Capital | Sector Perform | $83.00 to $82.00 |
2015-05-09 | Reiterated Rating | Jefferies Group | Underperform | $73.00 to $75.00 |
2015-04-24 | Downgrade | Evercore ISI | Buy to Hold | $95.00 to $86.00 |
2015-03-19 | Reiterated Rating | Argus | Buy | $98.00 to $87.35 |
2015-03-09 | Reiterated Rating | Oppenheimer | Market Perform | |
2015-03-09 | Reiterated Rating | Oppenheimer Holdings Inc. | Market Perform | |
2015-03-05 | Set Price Target | JPMorgan Chase & Co. | Hold | $78.00 to $79.00 |
2015-02-05 | Boost Price Target | Argus | Buy | $88.00 to $98.00 |
2015-02-05 | Boost Price Target | Deutsche Bank | Hold | $77.00 to $88.00 |
2015-02-05 | Downgrade | BMO Capital Markets | Outperform to Market Perform | $89.00 to $85.00 |
2015-02-05 | Boost Price Target | Deutsche Bank AG | Hold | $77.00 to $88.00 |
2015-01-16 | Downgrade | Credit Suisse | Outperform to Neutral | |
2015-01-16 | Reiterated Rating | Citigroup Inc. | Hold | $77.00 to $83.00 |
2015-01-16 | Downgrade | Credit Suisse Group AG | Outperform to Neutral | |
2015-01-07 | Downgrade | Credit Suisse | Outperform to Neutral | $82.53 to $82.00 |
2014-12-05 | Downgrade | Stifel Nicolaus | Buy to Hold | $83.00 |
2014-11-21 | Initiated Coverage | Topeka Capital Markets | Sell | $73.00 |
2014-10-30 | Reiterated Rating | Deutsche Bank | Hold | $69.00 to $77.00 |
2014-10-30 | Reiterated Rating | Citigroup Inc. | Neutral | $75.00 to $77.00 |
2014-10-09 | Reiterated Rating | Citigroup Inc. | Neutral | $73.69 to $75.00 |
2014-10-01 | Reiterated Rating | Credit Suisse | Outperform | $91.00 to $80.00 |
2014-09-16 | Initiated Coverage | Sanford C. Bernstein | Market Perform | $88.00 |
2014-09-15 | Boost Price Target | Credit Suisse | Outperform | $83.00 to $91.00 |
2014-08-13 | Reiterated Rating | JPMorgan Chase & Co. | Neutral | $89.00 to $94.00 |
2014-08-01 | Reiterated Rating | Raymond James | Outperform | $84.00 to $86.00 |
2014-08-01 | Reiterated Rating | Deutsche Bank | In-Line to Hold | $71.00 to $80.00 |
2014-08-01 | Reiterated Rating | Raymond James Financial Inc. | Outperform | $84.00 to $86.00 |
2014-07-25 | Reiterated Rating | Bank of America | Buy | $95.00 to $90.00 |
2014-07-25 | Reiterated Rating | Bank of America Corp. | Buy | $95.00 to $90.00 |
2014-07-08 | Reiterated Rating | Goldman Sachs | Neutral | |
2014-07-08 | Reiterated Rating | Goldman Sachs Group Inc. | Neutral | |
2014-06-27 | Reiterated Rating | Barclays | Overweight to Equal Weight | |
2014-03-10 | Boost Price Target | Stifel Nicolaus | Buy | $82.00 to $88.00 |
2014-01-10 | Initiated Coverage | RBC Capital | Sector Perform | |
2014-01-09 | Initiated Coverage | RBC Capital | Sector Perform | |
2014-01-03 | Boost Price Target | Argus | Buy | $80.00 to $88.00 |
2013-12-05 | Initiated Coverage | Morgan Stanley | Equal Weight | €82.00 |
2013-11-18 | Boost Price Target | Natixis | Neutral | €80.00 to €82.00 |
2013-11-15 | Boost Price Target | Evercore ISI | Overweight | €77.00 to €88.00 |
2013-11-01 | Boost Price Target | BMO Capital Markets | Outperform | €78.00 to €84.00 |
2013-10-31 | Reiterated Rating | BMO Capital Markets | Outperform | $78.00 to $84.00 |
2013-10-28 | Downgrade | Credit Suisse | Focus List to Outperform | |
2013-10-28 | Boost Price Target | Cowen and Company | €75.00 to €80.00 | |
2013-10-21 | Downgrade | Morgan Stanley | Overweight to Equal Weight | |
2013-09-24 | Downgrade | RBC Capital | Outperform to Sector Perform | €77.00 to €73.00 |
2012-08-13 | Reiterated | UBS | Buy | $62 to $64 |
2012-05-25 | Reiterated | Barclays | Overweight | $60 to $58 |
2016-07-11 | Upgrade | Sanford C. Bernstein | Mkt Perform to Outperform | |
2016-05-16 | Reiterated Rating | Sterne Agee CRT | Neutral | |
2016-05-03 | Boost Price Target | Argus | Buy | $96.00 to $98.00 |
2016-05-02 | Boost Price Target | RBC Capital | Sector Perform | $87.00 to $90.00 |
2016-05-02 | Boost Price Target | Royal Bank Of Canada | Sector Perform | $87.00 to $90.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In ADP 1156 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Vanguard Group, Inc | 39.55M |
BlackRock Inc. | 33.87M |
STATE STREET CORP | 18.04M |
BlackRock Institutional Trust Company, N.A. | 12.77M |
MORGAN STANLEY | 10.22M |
MANAGED ACCOUNT ADVISORS LLC | 9.54M |
ALLIANCEBERNSTEIN L.P. | 9.23M |
GEODE CAPITAL MANAGEMENT, LLC | 8.92M |
BlackRock Fund Advisors | 8.56M |
BANK OF AMERICA CORP /DE/ | 8.29M |
WELLS FARGO & CO/MN | 8.28M |
SCHWAB CHARLES INVESTMENT MANAGEMENT INC | 7.76M |
NORTHERN TRUST CORP | 5.82M |
Fundsmith LLP | 5.57M |
BlackRock Group LTD | 5.51M |
Name Relationship | Total Shares | Holding stocks |
---|---|---|
Rodriguez Carlos A President & CEO | 0.03% (124722) | ADP / HUBB / |
Lee Regina Corporate Vice President | 0.02% (106393) | ADP / |
Anenen Steven Corporate Vice President | 0.02% (74218) | ADP / TTEC / |
Siegmund Jan Corporate Vice President | 0.01% (58235) | ADP / |
Benjamin Mark D Corp. VP | 0.01% (55391) | ADP / NCR / |
BRUN LESLIE A | 0.01% (55383) | ADP / BR / MRK / |
JONES JOHN P III | 0.01% (48267) | ADP / |
HUBBARD ROBERT GLENN | 0.01% (44642) | ADP / III / KFN / MET / |
Bonarti Michael A Corporate Vice President | 0.01% (43324) | ADP / |
Rajparia Anish D Corporate Vice President | 0.01% (41113) | ADP / |
Flynn Edward B III Corporate Vice President | 0.01% (40521) | ADP / |
Sheiness Alan Corporate Vice President | 0.01% (39692) | ADP / |
FAST ERIC C | 0.01% (38197) | ADP / CR / RF / |
Eberhard Michael C Corporate Vice President | 0.01% (35474) | ADP / |
Gooden Linda R | 0.01% (32756) | ADP / GM / HD / LMT / WGL / |
BRENNEMAN GREGORY D | 0.01% (27534) | ADP / BHGE / BHI / HD / |
O'Brien Dermot J Corp. VP | 0.01% (25708) | ADP / |
Weinstein Donald Corporate VP | 0.01% (25123) | ADP / |
CLARK RICHARD T | 0.01% (24744) | ADP / GLW / |