Just In: $ADP Why ADP Stock Climbed 13.2% in October
Shares of Automatic Data Processing (NASDAQ: ADP) rose 13.2% in October, according to data from S&P Global Market Intelligence . The stock climbed thanks to momentum for the broader human resources software industry and better-than-expected quarterly results at the end of th...
News; $ADP Comprehensive non-correlated Automatic Data Processing $ADP Trading Report
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Harry has posted Charts of the Day video on AXDX at TheTechTrader site noting: Accelerate Diagnostics, Inc. (AXDX) made a big move on Wednesday, up 3.19 to 16.87, or 23%, on 912,037 shares traded. It has a hundred million in cash and 28 days to cover, some strong fundamentals, and with a breakout on Wednesday of this nature, and 900,000 shares traded, which is good volume for that stock, we may very well be seeing a retest of the 19-20 zone, and then following that 23-24. Those are the targets. Be sure to watch the short position.
ADP Announces Post-Spin Name of Its Dealer Services Business (8/19/14)
HOFFMAN ESTATES, IL, Aug 19, 2014 (Marketwired via COMTEX) -- ADP Dealer Services, Inc., a division of ADP(R) and a leading global technology solutions provider dedicated to helping dealerships and manufacturers drive measurable results, is pleased to announce that Dealer Services' new company name will be CDK Global, Inc., once the spinoff from ADP is completed. CDK Global will be listed on the NASDAQ exchange under the "CDK" symbol.
CDK Global will be one of the largest technology providers to the automotive industry, with more than 26,000 dealer sites in over 100 countries and nearly 9,000 employees worldwide.
The letters of the new name represent three of Dealer Services' historically largest businesses and most strategic brands.
The "C" stands for Cobalt Digital Marketing, a leader in the fast-growing digital marketing space. Acquiring Cobalt several years ago represented a whole new dimension of Dealer Services' business that the company wasn't fully addressing.
For the critical centerpiece of the name, Dealer Services chose "D" to represent Dealer Services and its 40 years of experience. This is the foundation of the business, which offers integrated management and technology solutions primarily to automotive dealers and manufacturers, and also to heavy truck, motorcycle, RV, marine and heavy equipment clients.
The "K" represents Kerridge Computer Company, which was a UK-based company acquired in 2005. The Kerridge acquisition was a strategic decision to greatly expand Dealer Services' geographic footprint and demonstrates its commitment to becoming a global provider.
Steve Anenen, who will serve as CDK Global's CEO, noted, "We have decades of success as ADP Dealer Services, and we wanted that rich legacy to live on. Plus, the additions of Cobalt and Kerridge to our business solidified our position as a global market leader, so we wanted our new company's name to represent the heritage of our strongest assets -- assets we are combining into one unified solution to help support the evolution of our industry worldwide."
The new identity for CDK Global incorporates the universally recognized traffic light with the green light illuminated. This simple, smart and powerful symbol represents a commitment to progress and always moving forward, as well as optimism and opportunity. While the new name of the company honors CDK Global's history, the logo and branding represent an entirely new look and feel for the company.
"We feel that now is the time to create a bolder identity. The name preserves our heritage and the new look and feel embodies our commitment to be fresh and transformational. It is a nod to where we came from, and to where we're going," continued Anenen. "We are building a brand and company that will last for generations -- one that empowers our associates and conveys our brand promise. CDK Global does just that."
Upon the spinoff's completion, the new company's website will be CDKGlobal.com.
About ADP With more than $12 billion in revenues and 65 years of experience, ADP(R) serves approximately 637,000 clients in more than 125 countries. As one of the world's largest providers of business outsourcing and Human Capital Management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA). ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP, visit the company's Web site at www.ADP.com.
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ADP Automatic Data Processing, Inc. 1 ADP Boulevard Roseland, NJ 07068 United States - Map Phone: 973-974-5000 Fax: 973-974-5390 Website: http://www.adp.com
Details Index Membership: S&P 500 S&P 1500 Super Comp Nasdaq 100 Sector: Technology Industry: Business Software & Services Full Time Employees: 47,000
Business Summary Automatic Data Processing, Inc. provides technology-based outsourcing solutions to employers, and vehicle retailers and manufacturers. It operates in three segments: Employer Services, Professional Employer Organization Services, and Dealer Services. The Employer Services segment offers a range of human resource information, payroll processing, and tax and benefits administration solutions and services, including traditional and Web-based outsourcing solutions. Its solutions enable employers to staff, manage, pay, and retain their employees in the United States, Canada, Europe, South America, Australia, and Asia. The Professional Employer Organization Services segment provides employment administration outsourcing solutions, including payroll, payroll tax filing, HR guidance, 401(k) plan administration, benefits administration, compliance services, health and workers? compensation coverage, and other supplemental benefits for employees primarily in the United States. The Dealer Services segment offers integrated dealer management systems (DMS) and other business management solutions to automotive, heavy truck, motorcycle, marine, recreational vehicle, and heavy machinery retailers in North America, Europe, South Africa, and the Asia Pacific region. This segment also provides a suite of additional integrated applications to address department and functional area of the dealership, including customer relationship management applications, front-end sales and marketing/advertising solutions, and an IP Telephony phone system integrated into the DMS to help dealerships drive sales processes and business development initiatives, as well as offers computer hardware, hardware maintenance services, software support, system design, and network consulting services. The company was founded in 1949 and is headquartered in Roseland, New Jersey.
Automatic Data Processing, Inc. (Nasdaq: ADP), with nearly $9 billion in revenues and about 550,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of HR, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine and recreational vehicle dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's website at www.ADP.com.