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ADP $131.03   View long term graphs

ADP, LLC.
Type
Public
Traded as
  • NASDAQ: ADP
  • NASDAQ-100 Component
  • S&P 500 Component
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 Increase US$11,700,000,000 (2016)
Website www.adp.com

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.

News

Automatic Data Processing, Inc. -3.01% (industrials)

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q2 2021 2021-01-27 Future report Set alerts
Q1 2021 2020-10-28 Future report Set alerts
Q4 2020 2020-07-29 1.14 0.96
Q3 2020 2020-04-29 1.92 1.90
Q2 2020 2020-01-29 1.52 1.50
Q1 2020 2019-10-30 1.34 1.34
Q4 2019 2019-07-31 1.14 1.09
Q3 2019 2019-05-01 1.77 1.73
Q2 2019 2019-01-30 1.34 1.27
Q1 2019 2018-10-31 1.20 1.15

Ratings

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

Major Shareholders

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 /

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