|Day's Range||1.2600 - 1.2600|
For long term investors, improvement in profitability and outperformance against the industry can be important...
Despite the company's strong market position, Moody's considers ADP's competitive landscape which includes pressures from rival service providers such as Paychex, Inc. (unrated), Ceridian HCM Holding Inc. (B2, stable) and Ultimate Software Group, Inc. (The) (B3, positive), long-established enterprise application software vendors, such as Oracle Corporation (A1, stable) and SAP SE (A2, stable), and more recent entrants such as Workday, Inc. (unrated) whose solutions have been specifically built as single application platforms in the cloud. The company's credit rating also considers ADP's exposure to economic cyclicality with respect to employment levels and interest rate volatility as well as shifting structural trends and work arrangements within the company's markets. Additional risks to the issuer's credit quality include ADP's smaller scale relative to its rated peer group, service line concentration, limited geographic diversity, and potential reputational risk in the event of a data security or customer privacy breach of the company's systems.
Benchmarks closed in the negative territory on Tuesday due to Alphabet's weak earnings report and uncertainties in timely completion of U.S-China Phase one deal.
U.S. stock markets slipped at the open Wednesday as investors watched for a widely expected interest-rate cut from the Federal Reserve, while a flood of quarterly corporate results continued apace and a reading of the health of the domestic economy came in better than expected. The Dow Jones Industrial Average was at 27,038, down 0.1%, the S&P 500 index edged 0.1% lower at 3,034, and the Nasdaq Composite Index ticked down 0.1% to 8,270. The Federal Reserve's Jerome Powell and the rate-setting Federal Open Market Committee will release its policy update later at 2 p.m. Eastern Time, with Powell slated to discuss the central bank's policy a half-hour later. A quarter percentage point cut to a 1.50%-1.75% range is expected by the FOMC. Meanwhile, a report on private-sector employment came showed that Private-sector employers added 125,000 jobs were created in October, according to payroll-processor Automatic Data Processing Inc. , matching consensus estimates. GDP showed an annual increase of 1.9%. On the earnings fronts, quarterly results from Apple Inc. are expected later Wednesday. Investors also watched for a second day of Congressional hearings from Boeing Co.'s CEO after centered on a pair of fatal crashes of the aviation company's 737 MAX jets.
ROSELAND, N.J. , Oct. 30, 2019 /PRNewswire/ -- Private sector employment increased by 125,000 jobs from September to October according to the October ADP National Employment Report ® . Broadly distributed ...
ROSELAND, N.J. , Oct. 30, 2019 /PRNewswire/ -- ADP (Nasdaq: ADP), a leading global technology company providing human capital management (HCM) solutions, today announced its first quarter fiscal 2020 financial ...
Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at...
ADP (ADP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
While Job Switchers Benefit Amid Tight Labor Market, Wage Growth for Switchers Began to Stabilize ROSELAND, N.J. , Oct. 23, 2019 /PRNewswire/ -- Wages for U.S. workers grew 3.2 percent over the last year, ...
Due to the important contribution that small businesses make to economic growth, ADP Research Institute issues the ADP Small Business Report independently of the ADP National Employment Report. The ADP Small Business Report offers detailed private sector employment data that are specific to businesses with 49 or fewer employees. Broadly distributed to the public each month, free of charge, the ADP National Employment Report and ADP Small Business Report are derived from ADP payroll data representing 411,000 U.S. clients and nearly 24 million workers, and are published by the ADP Research Institute in collaboration with Moody's Analytics.
Goldman Sachs believes that these stocks are well-positioned to deliver robust earnings growth in 2020, despite the macro headwinds.
ADP Canada National Employment Report: Employment in Canada Increased by 28,200 Jobs in September 2019
ROSELAND, N.J., Oct. 10, 2019 /PRNewswire/ -- ADP, a leading global technology company providing human capital management (HCM) solutions, today opened a new office in Downtown Allentown, affirming its continued investment and commitment across the Lehigh Valley. One thousand associates will occupy the new space, which encompasses 243,241 square feet spanning 10 floors of the new Class A office tower at Five City Center. State Governor Tom Wolf, State Senator Pat Browne, Allentown Mayor Ray O'Connell, and J.B. Reilly, president of City Center Investment Corporation (CCIC), joined company executives and associates during a ribbon-cutting celebration in Allentown earlier today.