134.95 +2.04 (1.54%)
Before hours: 9:03AM EDT
|Bid||133.01 x 900|
|Ask||0.00 x 800|
|Day's Range||129.86 - 134.53|
|52 Week Range||103.11 - 182.32|
|Beta (5Y Monthly)||0.82|
|PE Ratio (TTM)||23.32|
|Earnings Date||Oct 28, 2020 - Nov 02, 2020|
|Forward Dividend & Yield||3.64 (2.74%)|
|Ex-Dividend Date||Jun 11, 2020|
|1y Target Est||150.06|
It is hard to get excited after looking at Automatic Data Processing's (NASDAQ:ADP) recent performance, when its stock...
Identified for having the most striking impact in the human capital management (HCM) market, ADP was recognized as a winner in Ventana Research's 13th Annual Digital Innovation Awards for its Next Gen HCM platform. Named as winner for the HCM category, ADP was selected based on the award program's stringent criteria, earning acclaim for Next Gen HCM's advanced technology and ability to drive change and increase value for organizations worldwide.
WHAT: ADP Research Institute® will release the July findings of the ADP National Employment Report, ADP Small Business Report and ADP National Franchise Report on Wednesday, August 5, 2020 at 8:15 a.m. ET.
ADP (Nasdaq: ADP), a leading global technology company providing human capital management (HCM) solutions, today announced its fourth quarter and fiscal 2020 financial results along with its fiscal 2021 outlook through an earnings release available on the company's website at investors.adp.com/events-and-presentations. This earnings release will also be furnished to the Securities and Exchange Commission (SEC) on a Current Report on Form 8-K and available at sec.gov.
(Bloomberg Opinion) -- The U.S. has made many big mistakes in handling the coronavirus pandemic. But it got one big thing right. When the economy was collapsing amid fear of the virus, the federal government passed an unprecedented relief package. The centerpiece was what has come to be called pandemic unemployment insurance -- a $600 weekly payment to anyone who was out of work because of the coronavirus, on top of normal unemployment benefits. This became a lifeline for millions of Americans.Pandemic UI was so generous that poverty in the U.S. has actually gone down during the outbreak, despite a stunning spike in unemployment. This represents a monumental accomplishment, and it shows that a government renowned for partisan gridlock and dysfunction is still capable of flashes of effectiveness.Unfortunately, that bright spot seems like it might be short-lived. Pandemic UI is set to expire at the end of July, after which Congress will go on recess:If pandemic UI expires, millions of Americans will find themselves unable to pay rent or even buy groceries. Human suffering and social unrest will increase dramatically, while the drop in demand will further wound the already-struggling economy.Leaders are discussing an emergency short-term extension of the benefits. But this won’t be enough to avert an interruption in payments because the state agencies that administer the program will need time to update their systems. Even if there’s a patch, a great many Americans will have to re-apply for benefits. That’s going to be a source of extreme hassle, anxiety and fear for millions. State unemployment systems weren’t set up to handle this many claimants, and getting the money often involves standing in long lines and waiting weeks to know if your benefits have been denied. Many people fall through the cracks in the system and never get the benefits they deserve; those who won that grim lottery back in March and April will now be forced to roll the dice again.And even if pandemic UI is renewed for the time being, cuts to the program may be on the horizon. Many conservatives are troubled because the benefits sometimes pay unemployed people more than their old jobs did. That seems like an obvious incentive for workers not to go back to work. The cost of the program, which has helped raise the U.S. federal debt to all-time highs, is also causing sticker shock. To address both of these issues, Republicans have proposed lowering benefits from $600 a week to $400.But conservatives’ concerns are probably unfounded. For one thing, the national debt is hardly an issue at this point. With yields on 30-year Treasuries at less than 1.5%, the federal government can easily shoulder the additional debt. And because coronavirus is a one-time occurrence, pandemic UI doesn’t create long-term structural deficits. This is the worst possible time for austerity.As for whether pandemic UI is discouraging people from going back to work, although this is reasonable in theory, evidence shows that it’s also not much of a concern at this point. If pandemic UI were causing a shortage of workers, we’d expect to see wages rising, as companies tried to lure workers back. But median wages are little changed. And data from human-resources management company Automatic Data Processing Inc. shows that workers were much more likely to face wage cuts or freezes this May than they were in May 2019.Job vacancies are also down relative to the number of unemployed workers, suggesting that companies aren’t being forced to work very hard to find employees. Most top economists now agree that a lack of labor demand, rather than unwillingness to work, is the reason unemployment is high:Why would paying people not to work have so little effect on unemployment? One possible reason is that the headache and risk of applying for unemployment benefits is less attractive than the stability of a job. The possibility that Congress will cut off benefits, or make people re-apply, is another reason to want a steady job instead of a government check that might end on short notice. Finally, pandemic UI is probably acting as a fiscal stimulus, sustaining aggregate demand and thus boosting general demand for labor.So although paying people not to work is a bad idea in normal times, in the current crisis situation it looks like it’s safe to do. If Congress is so concerned about the disincentive effects of pandemic UI, it could let people keep some of the benefits if they later return to work, thus removing the incentive to stay at home. But given the evidence that pandemic UI isn’t raising unemployment, the easiest course of action would just be to renew the full $600 benefit for a few more months. The program has its flaws, but it has been the most effective thing the U.S. government has done in response to this crisis.This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Noah Smith is a Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Polen Capital Management recently released its Q2 2020 Investor Letter, a copy of which you can download here. During the second quarter of 2020, the Polen Focus Growth Model Portfolio returned 27.60% gross of fees, while the Russell 1000 Growth Index was up 27.83% and the S&P 500 Index was up 20.54%. You should check […]
ADP Canada National Employment Report: Employment in Canada Increased by 1,042,900 Jobs in June 2020
As both large and small business owners across the country continue to face the challenges presented by the global pandemic, many are beginning to realize that they lack either the time or resources to focus on Human Resources and benefits-related administrative tasks. As businesses continue to think about the economy as a whole, the need to reassess, recommit to and rebuild financial wellness is more crucial than ever. Through new solutions and trustworthy information, ADP, a leading global technology company providing human capital management (HCM) solutions, is dedicated to helping businesses and individuals navigate compliance amid a rapidly changing landscape—which includes reevaluating benefits needs and rebuilding workers' financial well-being.
Insights derived from ADP's anonymized and aggregated payroll data enabled economists and academia to model the effects of COVID-19 on the labor market. At the State of the Labor Market Summit 2020, hosted virtually by ADP Research Institute (ADPRI) on June 25, top economists and scholars came together to discuss a range of impacts to better understand the severity of the crisis on the labor market including the effectiveness of the first response of programs, the productivity and viability of businesses and the dynamics of the lockdown policies. The Labor Market Summit's annual forum, now in its fourth year, gathers distinguished experts in the field of labor economics to discuss the state of the U.S. labor market and research findings derived from ADP's unique data sets. To close the Summit, economists from ADP Research Institute, Massachusetts Institute of Technology (MIT), Moody's Analytics and the University of Chicago participated in an engaging panel discussion, moderated by CNBC anchor, Sara Eisen.
Media Alert: June 2020 ADP Canada National Employment Report to be released on Thursday, July 16, 2020
A look at the shareholders of Automatic Data Processing, Inc. (NASDAQ:ADP) can tell us which group is most powerful...
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
Private sector employment increased by 2,369,000 jobs from May to June according to the June ADP National Employment Report®. Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody's Analytics. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
Switzerland’s Zurich Airport and France’s Aéroports de Paris are likely to rebound quicker than others in Europe because they are strong tourist hubs and own valuable real estate. That’s good news for the stocks.
WHAT: ADP Research Institute® will release the June findings of the ADP National Employment Report, ADP Small Business Report and ADP National Franchise Report on Wednesday, July 1, 2020 at 8:15 a.m. ET.
ADP Canada National Employment Report: Employment in Canada Increased by 208,400 Jobs in May 2020
ADP (Nasdaq: ADP), a leading global provider of Human Capital Management (HCM) solutions, is scheduled to release its financial results for the fourth fiscal quarter ending June 30, 2020 before the opening of the Nasdaq on Wednesday, July 29, 2020.
Media Alert: May 2020 ADP Canada National Employment Report to be released on Thursday, June 18, 2020