Retirement planning involves not just building wealth but also protecting it, making the case for the best safe retirement stocks to buy. Selecting the right stocks for your retirement portfolio is crucial to achieving these goals. Among various investment options, certain stocks stand out due to their ability to weather market volatility and provide reliable and stable returns. The companies can be characterized by their robust business models, strong cash flows and reliable dividend payments. Dividend-pay ...

AI, cloud, and data stocks have been exploding over the past few quarters. The rally many of these companies have seen so far is more than just hype. Indeed, many such companies are seeing their data segments balloon. In fact, cloud and data are becoming the driving factors behind the growth many companies see today.That said, you should avoid certain AI, cloud, and data stocks that are trading at stretched valuations. These stocks could tumble significantly (and many already have), as AI startups seek to i ...

Investing in the best dividend stocks to buy is a prudent strategy for those seeking a reliable source of passive income and potential long term growth. No-brainer dividend stocks, characterized by their robust dividend payments, are appealing for stability and predictability. These stocks often belong to well-established companies with strong track records of financial performance. Investors often prioritize these stocks for their ability to provide steady income streams, which can be especially valuable d ...

Summary of Automatic Data Processing, Inc. (ADP) Conference Call Company Overview - **Company**: Automatic Data Processing, Inc. (NASDAQ: ADP) - **Event**: JPMorgan Global Technology, Media and Communications Conference Call - **Date**: May 22, 2024 - **Participants**: Maria Black (President and CEO), Tien-Tsin Huang (JPMorgan) Key Points Company Strategy and Priorities - ADP is celebrating its 75th anniversary, maintaining consistent strategic priorities focused on: - Winning market share in Human Capital Management (HCM) through best-in-class technology, unmatched service, and global scale [4][5] - Delivering results and commitments to shareholders [5] - Ensuring long-term improvements for future leadership [6] Market Environment - The macroeconomic environment remains strong, with positive indicators such as: - Growth in pays per control and GDP [10] - Low unemployment rates hovering around record levels [11] - Continued demand for HCM services due to increasing complexity in employment [12][13] Business Model and Client Retention - Focus on new business bookings and client retention, with significant investments in product development leading to high satisfaction and retention rates [7] - Generative AI is a tactical focus, aimed at enhancing operational efficiency and client engagement [7] Competitive Landscape - ADP is positioned well against competitors, leveraging its historical strength in distribution and modernized technology [18][22] - The company has seen record Net Promoter Scores (NPS) and retention rates, particularly in the mid-market segment [22] International Business - ADP operates in 140 countries, with a balanced approach between best-of-breed offerings and multinational corporation services [42] - The complexity of international payroll presents both challenges and growth opportunities, with ongoing strategic decisions to enhance capabilities [41][43] Professional Employer Organization (PEO) Insights - Current growth in the PEO sector is viewed as cyclical rather than structural, influenced by hiring trends and insurance market conditions [48][50] - The value proposition of PEO services remains strong, particularly for mid-market clients facing increasing operational challenges [51][52] Innovations and Future Products - Excitement around the Wisely platform, which focuses on financial wellness and payment solutions, indicating significant growth potential [57] - Ongoing modernization efforts in payroll and HCM offerings are expected to enhance ADP's competitive position and financial performance over time [58] Data Utilization - ADP emphasizes the importance of data in driving value for clients, with initiatives like ADP DataCloud for benchmarking and reporting [35][36] - The company is exploring partnerships to enhance data utility in employment verification and other areas [37][38] Additional Insights - The company acknowledges the need for continued education and awareness around PEO services to drive growth [53] - Generative AI is seen as a transformative tool for enhancing productivity and sales effectiveness [31][32] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting ADP's robust positioning in the HCM market and its commitment to innovation and client satisfaction.

ROSELAND, N.J., May 14, 2024 /PRNewswire/ -- ADP (Nasdaq: ADP), a leading global technology company providing human capital management (HCM) solutions, today announced that members of its management team will present at the following conferences: The Barclays Emerging Payments & Fintech Forum on Wednesday, May 15, 2024. The J.P. Morgan Global Technology, Media and Communications Conference on Wednesday, May 22, 2024. The Baird Global Consumer, Technology & Services Conference on Tuesday, June 4, 2024. Inf ...

As May 2024 kicks off, investors are keen on bolstering their portfolios with the best dividend stocks to buy now. These stocks represent companies that regularly distribute a portion of their profits to shareholders. The appeal lies in the ability to receive passive income in the form of cash payments on top of potential share price appreciation. While the allure of finding the following big growth stock is strong, dividend stocks provide investors with an unmatched sense of stability. As you hunt for the ...

Investors interested in Outsourcing stocks are likely familiar with ExlService Holdings (EXLS) and Automatic Data Processing (ADP) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings es ...

Investors might want to bet on Automatic Data Processing (ADP) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Sinc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________ FORM 10-Q ______________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission File Number 1-5397 __________________________ AUTOMATIC DATA PROCESSING, INC. (Exact name of registrant as specified in its c ...

Automatic Data Processing, Inc. (ADP) has reported impressive third-quarter fiscal 2024 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate.ADP’s earnings per share of $2.9 beat the consensus estimate by 4.4% and increased 14.3% from the year-ago quarter. Total revenues of $5.3 billion beat the consensus estimate by a slight margin and grew 6.6% from the year-ago quarter on a reported basis and 6% on an organic constant-currency basis.The company’s stock has gained 10.7% over ...