Question: What Is ADP Worth?

Who is ADP’s biggest competitor?

7 ADP Competitors for Small BusinessGusto Payroll.Paychex.QuickBooks.Square.Patriot.OnPay.Wave..

Who owns ADP?

The general publicThe general public holds a substantial 20.85% stake in ADP, making it a highly popular stock among retail investors.

Does Amazon use ADP for payroll?

Amazon.com: Customer Questions & Answers. Does it automatically sync with adp payroll service? … Yes, the software exports to several popular payroll applications, including several different versions of ADP software.

Is ADP a Fortune 500 company?

In 2020, ADP was ranked 227 on the Fortune 500 list of the largest United States corporations by revenue. … ADP currently has about 58,000 employees worldwide and its fiscal year 2019 revenues were $14.2 billion.

Why do companies use ADP?

ADP services assist companies by staying on top of all the laws and changing tax rates, adjusting payroll calculations, as necessary. ADP’s services for large companies can also: Analyze use of employee hours and help companies become more productive. Provide employees with additional benefit-management options.

What companies use ADP?

Companies Currently Using ADP PayrollCompany NameWebsiteCountryPrecision Castparts Corp.precast.comUSResCarerescare.comUSGuardant Healthguardanthealth.comUSReal Green Systemsrealgreen.comUS2 more rows

When did ADP begin?

1949, Paterson, New Jersey, United StatesADP, LLC/FoundedHenry Taub launched the Automatic Payrolls, Inc in Paterson, New Jersey in 1949. It initially began as a manual corporate payroll processing service with his brother, Joe Taub. Soon, Frank Lautenberg also joined the company. In 1952, Frank Lauterman was appointed CEO and Chairman of Automatic Payrolls, Inc.

Is ADP a BPO?

With more than $11 billion in revenues and more than 60 years of experience, ADP (NASDAQ: ADP) is the global leader in BPO Services. Established in 1949 and listed since 1961, ADP’s 60,000 employees serve approximately 630,000 clients in more than 111 countries.

Does ADP pay early?

ADP adds early wage access for thousands of employers. Thousands of employers using ADP now have the option to offer their employees instant access to their pay. The payroll giant announced Thursday that it has partnered with DailyPay, a company that offers a tool allowing workers access to their earning before payday.

Does ADP pay well?

Salary satisfaction The average ADP salary ranges from approximately $34,886 per year for Print Operator to $169,286 per year for Security Engineer. Average ADP hourly pay ranges from approximately $11.82 per hour for Data Entry Clerk to $109 per hour for Consultant.

Is ADP a good stock to buy?

The financial health and growth prospects of ADP, demonstrate its potential to outperform the market. … It currently has a Growth Score of A. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.

How much does it cost to use ADP payroll?

The basic package starts at $10 per employee, per month, with fees typically paid each time you pay your employees (bi-monthly, every two weeks, etc.). More advanced plans cost around $23 per employee, per month. On average, you can expect to pay around $160 per month for 10 to 15 employees.

How many employees does ADP have?

58,000 personsADP’s number of employees worldwide 2010-2020 As of June 30, 2020, the U.S.-based human resources management software and services provider, Automatic Data Processing, Inc. (ADP) employed approximately 58,000 persons worldwide.

How does ADP make money?

It generally has on its balance sheet about $1.5 billion of its own cash, which it uses to make an average of about eight acquisitions per year and pay dividends to investors. Shareholders have gotten a payout from ADP for 38 straight years, and in fact, the size of the dividends has increased in each of those years.

What exactly does ADP do?

We are a comprehensive global provider of cloud-based human capital management (HCM) solutions that unite HR, payroll, talent, time, tax and benefits administration, and a leader in business outsourcing services, analytics and compliance expertise.