Last $83.13 USD
Change Today -0.30 / -0.36%
Volume 184.8K
ADP On Other Exchanges
Symbol
Exchange
NASDAQ GS
Stuttgart
As of 10:21 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

automatic data processing (ADP) Snapshot

Open
$83.36
Previous Close
$83.43
Day High
$83.57
Day Low
$82.79
52 Week High
11/26/13 - $83.82
52 Week Low
09/4/13 - $69.76
Market Cap
40.0B
Average Volume 10 Days
1.1M
EPS TTM
$3.13
Shares Outstanding
480.9M
EX-Date
09/10/14
P/E TM
26.6x
Dividend
$1.92
Dividend Yield
2.26%
Current Stock Chart for AUTOMATIC DATA PROCESSING (ADP)

automatic data processing (ADP) Details

Automatic Data Processing, Inc., together with its subsidiaries, provides technology-based outsourcing solutions to employers, and vehicle retailers and manufacturers worldwide. The company operates in three segments: Employer Services, Professional Employer Organization (PEO) Services, and Dealer Services. The Employer Services segment offers a range of business outsourcing and human capital management solutions, including payroll services, benefits administration services, talent management solutions, human resources management solutions, time and attendance management solutions, insurance services, retirement services, and tax compliance and payment solutions. The PEO Services segment provides a human resources outsourcing solution through a co-employment model to small and mid-sized businesses. This segment offers ADP TotalSource that provides integrated human resources management services, as well as integrates key HR management and employee benefits functions, including HR administration, employee benefits, and employer liability management into a single-source solution. The Dealer Services segment provides dealer management systems and other retail solutions, including customer relationship management applications, vehicle inventory and lot management solutions, and telephone systems; digital marketing solutions consisting of dealership Websites, sales leads, email marketing, search and display advertising, and social media marketing and management services; and training services. It also provides communications network solutions for its dealership clients that allow interactive communications among multiple site dealerships and connect franchised dealers with their vehicle manufacturer franchisors; and integrated IP telephony systems, wired and wireless network access solutions, and security management applications. The company was founded in 1949 and is headquartered in Roseland, New Jersey.

61,000 Employees
Last Reported Date: 08/8/14
Founded in 1949

automatic data processing (ADP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $850.0K
Chief Financial Officer
Total Annual Compensation: $492.5K
President of Dealer Services
Total Annual Compensation: $462.4K
Chief Human Resources Officer
Total Annual Compensation: $525.0K
Vice President
Total Annual Compensation: $516.3K
Compensation as of Fiscal Year 2013.

automatic data processing (ADP) Key Developments

Gregory D. Brenneman and Gregory L. Summe Notifies Not Stand for Re-Election as Director of Automatic Data Processing, Inc. at 2014 Annual Meeting of Shareholder

On August 5, 2014, Gregory D. Brenneman and Gregory L. Summe notified the Board of Directors of Automatic Data Processing, Inc. that they will not stand for re-election as a director of the company at the end of current term, and intends to resign from the company's Board of Directors effective as of the date of the company's 2014 Annual Meeting of Shareholders.

ADP Declares Regular Quarterly Dividend, Payable on October 1, 2014

The board of directors of ADP has declared a regular quarterly dividend of 48 cents per share payable October 1, 2014 to shareholders of record on September 12, 2014.

Automatic Data Processing, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2014; Provides Earnings Guidance for the Fiscal 2015

Automatic Data Processing, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2014. For the quarter, the company's total revenues were $3,073.7 million compared to $2,802.8 million a year ago. Earnings from continuing operations before income taxes were $449.3 million compared to $361.0 million a year ago. Net earnings from continuing operations was $288.7 million or $0.60 per diluted share compared to $224.0 million or $0.46 per diluted share a year ago. Net earnings were $288.7 million or $0.60 per diluted share compared to $227.0 million or $0.47 per diluted share a year ago. Adjusted total pre-tax earnings from continuing operations were $464.2 million compared to $403.7 million a year ago. Adjusted net earnings from continuing operations was $303.6 million or $0.63 per diluted share compared to $266.7 million or $0.55 per diluted share a year ago. For the year, the company's total revenues were $12,206.5 million compared to $11,287.6 million a year ago. Earnings from continuing operations before income taxes were $2,274.6 million compared to $2,076.1 million a year ago. Net earnings from continuing operations was $1,502.6 million or $3.11 per diluted share compared to $1,358.1 million or $2.79 per diluted share a year ago. Net earnings were $1,515.9 million or $3.14 per diluted share compared to $1,405.8 million or $2.89 per diluted share a year ago. Adjusted total pre-tax earnings from continuing operations were $2,289.5 million compared to $2,118.8 million a year ago. Adjusted net earnings from continuing operations was $1,517.5 million or $3.14 per diluted share compared to $1,400.8 million or $2.81 per diluted share a year ago. For the fiscal 2015, the company anticipates approximately 7% to 8% growth of revenues. Based on fiscal 2014's $12.21 billion, this implies approximately $13.07 billion to $13.19 billion. The company anticipates 75 to 100 basis points of pretax margin expansion from the adjusted 18.8% in fiscal 2014. The company anticipates an effective tax rate of 34.6% compared with the 33.7% in fiscal 2014. Diluted earnings per share from continuing operations will be 11% to 13% growth compared to the adjusted $3.14 in fiscal 2014. That implies a profit in a range of about $3.49 to $3.55 per share. The company is forecasting a positive impact to pretax earnings from the client fund investment strategy, the company is still expecting a slight drag of 10 to 15 basis points on ADP's pretax margin due to the highly profitable nature of these revenues, which are forecasted to grow at a slower rate than overall revenues. If this fiscal year 2014 forecast for the client funds investment strategy is realized, it will be the first time since 2008 that ADP will experience a positive impact to both revenues and earnings. However, the benefit is not expected to occur until the second half of fiscal year. For Employer Services, the company is forecasting revenue growth of about 6% to 7% with pretax margin expansion of about 100 basis points. For PEO Services, the company is forecasting 13% to 15% revenue growth with up to 50 basis points in pretax margin expansion. And for Dealer Services, the company is forecasting 7% to 8% revenue growth with about 50 basis points of pretax margin expansion.

 

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Industry Analysis

ADP

Industry Average

Valuation ADP Industry Range
Price/Earnings 26.8x
Price/Sales 3.3x
Price/Book 6.0x
Price/Cash Flow 22.6x
TEV/Sales 3.0x
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