ADP - Automatic Data Processing; verläßlicher Dividendenzahler - Die letzten 30 Beiträge

[rokz]

Dividende wird auf 1,25 $ / Quartal angehoben, sehr schön.

[IncomeInvestor]

ADP / Stabiles Geschäftsmodell - Wachsende Dividende

Durch das stabile Geschäftsmodell konnte ADP seine Dividende seit mittlerweile 46 Jahren in Folge steigern.

Mehr interessante Informationen zu Automatic Data Processing findest du hier:
https://www.dividendenaktien.net/aktien/adp

[R-BgO]

KGV >30

[R-BgO]

Antwort auf Beitrag Nr.: 58.355.130 von R-BgO am 02.08.18 00:27:37

noch teurer

[R-BgO]

heute Zahlen:

Gewinnrückgang, Aktie abartig teuer

[R-BgO]

und Pershing Square rückt ihnen auf die Pelle: https://assets.pershingsquareholdings.com/media/2014/09/0414…

[R-BgO]

Antwort auf Beitrag Nr.: 53.420.832 von Bulli1929 am 06.10.16 12:59:24

inzwischen KBV 13

[Bulli1929]

Antwort auf Beitrag Nr.: 53.388.984 von R-BgO am 01.10.16 11:15:16

Hallo R-BgO

Was an "Funds held for Clients" und "Client Funds Obligations" liegt. Diese zwei Positionen sollten sich, egal wie hoch, ausgleichen.

http://investors.adp.com/releasedetail.cfm?ReleaseID=981636

Gruß, Bulli

[R-BgO]

Antwort auf Beitrag Nr.: 52.269.634 von R-BgO am 25.04.16 13:55:24

noch 10%

Eigenkapitalquote

[R-BgO]

Divi inzwischen 53c, finde die Aktie aber teuer

[happymuck]

Nach dem SpinOff über 3% im Plus und große Umsätze in dieser Superaktie, ich bin schon wieder dabei !

[happymuck]

Warnung an deutsche Anleger :
Am 30.9.14 erfolgt ein Spin Off 3:1 !
Es wird eine Abspaltung der APD Dealer Services durchgeführt !
Es sollte für deutsche Anleger nach der neuen Gesetzeslage keine steuerliche Belastung mehr geben. Es ist jedoch zu befürchten, dass diese Abspaltung wieder einmal als Sachdividende gewertet wird und damit voll besteuert wird.
Ausweg : Vor Spin Off verkaufen !

[R-BgO]

dehistorize

[R-BgO]

Antwort auf Beitrag Nr.: 41.388.574 von R-BgO am 19.04.11 12:50:57

jetzt Anhebung auf 43,5c

[R-BgO]

Revenues Rise 7%, 6% Organic;

EPS up 23%, up 10% Excluding Current Quarter Gain on Sale of Assets

ROSELAND, N.J., Jan. 25, 2012 (GLOBE NEWSWIRE) -- Automatic Data Processing, Inc. (Nasdaq:ADP - News) reported revenue growth of 7%, 6% organic, to $2.6 billion for the second fiscal quarter ended December 31, 2011, Carlos A. Rodriguez, president and chief executive officer, announced today. Pretax earnings and net earnings increased 20% and 21%, respectively, and included a pretax gain of $66 million, $41 million after tax, on the sale of assets related to rights and obligations to resell a third-party expense management platform. Diluted earnings per share of $0.76 increased 23% from $0.62 a year ago on fewer shares outstanding, including $0.08 per share related to the gain on the sale. Excluding this gain, pretax earnings and net earnings increased 6% and 8%, respectively, and diluted earnings per share of $0.68 increased 10%. ADP acquired 6.3 million shares of its stock for treasury at a cost of about $305 million fiscal year-to-date. Cash and marketable securities were $1.5 billion at December 31, 2011.

Second Quarter Discussion
Commenting on the results, Mr. Rodriguez said, "ADP's results were solid for the second quarter. I am particularly pleased with our sales execution that drove strong new business sales growth for Employer Services and PEO Services for the quarter. As anticipated, ADP's year-over-year pretax margin comparison continued to be negatively impacted by the decline in high-margin client interest revenues resulting from lower interest rates, and the impact of recent acquisitions. New business sales for Dealer Services were also strong and better than anticipated during the quarter.

Employer Services
"Employer Services' revenues grew 7% for the second quarter, 5% organically, compared to last year's second quarter. The number of employees on our clients' payrolls in the United States increased 2.8% for the quarter as measured on a same-store-sales basis for our clients on our AutoPay platform. Worldwide client retention remained at excellent levels, but declined 0.2 percentage points fiscal year-to-date through December 31, 2011 compared to the same period a year ago. Employer Services' pretax margin declined 120 basis points for the quarter, primarily due to a drag of about 80 basis points from acquisitions. Additionally, pretax margin was pressured by higher sales and implementation expense, as well as investments in service and product innovation.
"Combined Employer Services and PEO Services worldwide new business sales increased 14% for the quarter. New business sales represent annualized recurring revenues anticipated from new orders.

PEO Services
"PEO Services' revenues increased 16% for the second quarter, all organic, compared to last year's second quarter. PEO Services' pretax margin improved 20 basis points for the quarter. Average worksite employees paid by PEO Services increased 13% for the quarter to approximately 251,000.

Dealer Services
"Dealer Services' revenues grew 7% for the second quarter, all organic, compared to last year's second quarter. Dealer Services' pretax margin improved 220 basis points for the quarter due in large part to easier year-over-year comparisons as well as a favorable grow-over impact of last year's acquisition-related costs of 70 basis points.

Interest on Funds Held for Clients
"The safety, liquidity, and diversification of our clients' funds are the foremost objectives of our investment strategy. Client funds are invested in accordance with ADP's prudent and conservative investment guidelines and the credit quality of the investment portfolio is predominantly AAA/AA.

"For the second quarter, interest on funds held for clients declined $11.1 million, or 9%, from $129.0 million a year ago to $117.9 million, due to a decline of 50 basis points in the average interest yield to 3.0%, partially offset by an increase of 6% in average client funds balances from $14.7 billion to $15.6 billion.

Fiscal 2012 Forecast
"We moved into the second half of fiscal 2012 with solid performance and good key business metrics in a somewhat mixed economic environment. We anticipate that continued low interest rates will further pressure margins and earnings throughout the remainder of the fiscal year. Our forecasts have been updated as noted below and exclude the gain realized in the second quarter on the sale of assets, and reflect the related lost revenue and earnings streams for the remainder of the year:

Total revenues -- continue to anticipate 7% to 9% growth
We continue to anticipate that the impact from foreign exchange rates will become unfavorable during the second half of the year and will be about neutral for the full year

Diluted earnings per share -- we anticipate an increase of 8% to 9% from $2.52 earnings per share in fiscal 2011, compared with our prior forecasted range of an 8% to 10% increase. Our updated forecast reflects $0.02 lost earnings per share for the remainder of the year from the sale of assets

Employer Services -- continue to anticipate revenue growth of about 7% with up to 30 basis points expansion in pretax margin compared to our prior forecast of about 50 basis points expansion; updated pretax margin expansion includes higher sales expense from the increased sales growth forecast, slightly lower than anticipated growth in average client funds balances as discussed below, lost earnings from the sale of assets discussed above, and the impact of acquisitions closed since our last update

Pays per control -- up about 2.5% for the year compared with our prior estimate of up about 2%
PEO Services -- continue to anticipate revenue growth of about 17% with slight improvement in pretax margin compared to our prior forecast for flat margins

Employer Services and PEO Services new business sales -- we anticipate about 12% growth compared to $1.1 billion sold in fiscal 2011; this is up from our prior forecast of 8% to 10% growth

Dealer Services -- we anticipate revenue growth of 9% to 10%, up from our prior forecast of 8% to 9% growth due to additional revenues from the acquisition closed in the second quarter; about 3 percentage points of revenue growth is expected to result from current year acquisitions and the full-year effect of last year's acquisitions; we anticipate pretax margin expansion of at least 50 basis points compared to our prior forecast of about 50 basis points.

"Interest on funds held for clients is expected to decline $45 to $55 million, or 8% to 10%, from $540.1 million in fiscal 2011, and is based on 6% to 7% anticipated growth in average client funds balances. This is updated from our previously forecasted decline of $40 to $50 million, or 7% to 9%, which was based on 7% to 8% growth in average client funds balances. Our forecast continues to anticipate a decline of 40 to 50 basis points in the expected average interest yield to 2.7% to 2.8%. The interest assumptions in our forecasts are based on Fed Funds futures contracts and forward yield curves as of January 23, 2012. The Fed Funds futures contracts do not anticipate any changes during the fiscal year in the Fed Funds target rate. The three-and-a-half and five-year U.S. government agency rates based on the forward yield curves as of January 23, 2012 were used to forecast new purchase rates for the client extended and client long portfolios, respectively.

"I am pleased with the strength in our key business metrics and with our solid execution. Our business model is strong and we are focused on enhancing our market leadership position by continuing to invest in product innovation, as well as our distribution and service capabilities. I am confident in our ability to achieve our fiscal 2012 forecast and am optimistic about ADP's growth opportunities," Mr. Rodriguez concluded.

[Larry.Livingston]

Die $0.36/Quartal werden doch schon seit letztem Herbst ausgeschüttet?

[R-BgO]

Quartalsdividende ab 2011 auf 36c angehoben...

[R-BgO]

July 29 (Reuters) - Automatic Data Processing Inc:

* CEO: key business metrics showed important growth during fourth quarter

* CEO: 'while we believe we are beyond the bottom, we are still cautious' on

sales to large employers

* CFO: revenues from u.s. payroll processing 'grew slightly' in Q4, after five

consecutive quarters of decline

* ADP CFO: we are still assuming fiscal year 2011 wage growth, 'but at a more

modest rate' than Q4 of 2010

* ADP CEO: no further share buybacks anticipated in forecast, but it is our

intent to continue returning excess cash to shareholders

* ADP CEO: pay trends in our international markets are still negative, and will

offset 'slightly positive' anticipated U.S. pay trends

* ADP CEO: large businesses in U.S. still hesitant to spend money on

outsourcing

* ADP CEO: while trends do show that things are moving in the right direction,

we still face incremental pressures

* ADP CEO: company had 22 percent return on equity in fiscal 2010 and expects

comparable roe in 2011

[R-BgO]

By Robert Daniel


NEW YORK (MarketWatch) -- Automatic Data Processing Inc.,the Roseland, N.J., provider of outsourced business solutions, definitively agreed to acquire Cobalt for $400 million cash. Cobalt is the closely held Seattle provider of digital marketing solutions to auto makers and dealers. Cobalt complements ADP's dealer-services division, ADP said in a Friday statement. Online ad spending "is expected to outpace that of traditional channels in the U.S.," ADP said. The company expects Cobalt to add to earnings slightly in the first year after closing. Subject to conditions including regulatory clearance, ADP hopes to close the deal in four to six weeks.

[R-BgO]

01.07.2010 15:16
ADP Enters Agreement To Acquire Workscape, Inc. / Acquisition Will Significantly Expand ADP's Presence in the Benefits Marketplace


ROSELAND, N.J., July 1 /PRNewswire-FirstCall/ -- ADP®, a leading provider of HR, payroll and benefits administration services, today announced it has entered into a definitive agreement to acquire privately-held Workscape, Inc., a leading provider of integrated benefits and compensation solutions and services.

Based in Marlborough, Mass., Workscape serves a broad client base, including numerous Fortune 250 companies, and provides solutions to more than 3.5 million users with services deployed in over 180 countries, 48 currencies and 70 languages. As such, the acquisition will significantly expand ADP's presence within the benefits marketplace for large, complex organizations.

Closing of the acquisition is expected in the third quarter of calendar 2010 and is subject to customary closing conditions, including the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. The transaction is not subject to financing. Terms of the proposed agreement were not disclosed.

[R-BgO]

24.06.2010 22:32
ADP Signs Letter of Intent to Become DMS Solutions Provider for Asbury Automotive Group

The Dealer Services Group of Automatic Data Processing, Inc. (NASDAQ: ADP) today announced the signing of a letter of intent to become the sole DMS Solutions Provider for Asbury Automotive Group, Inc. (NYSE: ABG). Asbury's 80 dealer locations, representing 107 franchises, plan to begin the transition to ADP's Dealership Management System (DMS) towards the end of 2010.

"Asbury is pleased to partner with ADP, which offers the experience, depth of product, and extensive client support organization that remain important attributes to our company," stated Charles R. Oglesby, President and Chief Executive Officer of Asbury Automotive Group.

"We are extremely excited to have Asbury choose ADP as sole provider of its dealer management system (DMS). Securing an account with the size and market reputation of Asbury is a significant accomplishment for us. We pride ourselves in having a deep understanding of how to meet the needs of dealerships of all sizes, including large dealer groups. I believe our reliable, easy to use, and scalable technology solutions, along with our commitment to client service excellence were important considerations in Asbury's overall IT strategy. We look forward to providing increased value for Asbury and its customers," said Steve Anenen, President of ADP Dealer Services.

About ADP

Automatic Data Processing, Inc. (Nasdaq: ADP), with nearly $9 billion in revenues and about 570,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging 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, cost-effective 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, and heavy equipment vehicle dealers throughout the world. For more information about ADP, contact us at 800.225.5237 or visit the company's website at www.ADP.com.

About Asbury Automotive Group

Asbury Automotive Group, Inc. ("Asbury"), headquartered in Duluth, Georgia, a suburb of Atlanta, is one of the largest automobile retailers in the U.S. Built through a combination of organic growth and a series of strategic acquisitions, Asbury currently operates 80 retail auto stores, encompassing 107 franchises for the sale and servicing of 38 different brands of American, European and Asian automobiles. Asbury offers customers an extensive range of automotive products and services, including new and used vehicle sales and related financing and insurance, vehicle maintenance and repair services, replacement parts and service contracts.

[R-BgO]

03.06.2010 14:47
ADP: US-Privatwirtschaft schafft im Mai 55.000 Stellen


WASHINGTON (Dow Jones)--Die Beschäftigung im privaten Wirtschaftssektor der USA ist im Mai schwächer gestiegen als erwartet. Wie der Arbeitsmarkt-Dienstleister Automatic Data Processing Inc (ADP) am Donnerstag berichtete, wurden gegenüber April 55.000 Stellen geschaffen. Ökonomen hatten einen Zuwachs um 75.000 erwartet. Für den Vormonat wurde nach revidierten Angaben ein Plus von 65.000 (vorläufig: plus 32.000) Jobs ausgewiesen.

Der ADP-Bericht stützt sich auf etwa 430.000 US-Unternehmen mit rund 24 Millionen Beschäftigten und lehnt sich an die Methodik des Bureau of Labor Statistics (BLS) an, das den offiziellen Arbeitsmarktbericht - unter Einschluss der öffentlichen Beschäftigung - für die USA herausgibt. Vor einiger Zeit hatte ADP methodologische Änderungen eingeführt, um eine größere Übereinstimmung mit der Methodik des BLS herzustellen.

Der ADP National Employment Report wird monatlich und jeweils vor Veröffentlichung der BLS-Daten zur Beschäftigung außerhalb der Landwirtschaft publiziert. Er soll damit frühzeitig Aufschluss über die Entwicklung des US-Arbeitsmarkts geben.

Der Arbeitsmarktbericht des BLS wird am Freitag veröffentlicht. Hier erwarten von Dow Jones Newswires befragte Ökonomen einen Anstieg der Beschäftigung außerhalb der Landwirtschaft von 515.000, die Arbeitslosenquote sehen sie bei 9,7%. Im April hatte sich der Jobzuwachs auf 290.000 belaufen.


Webseite: www.adpemploymentreport.com

[R-BgO]

A Value Investor's Look at Automatic Data Processing 3 comments
by: Bud Labitan May 20, 2010 | about: ADP


Automatic Data Processing, Inc. (ADP) is engaged in providing business outsourcing solutions. ADP offers a range of human resource (HR), payroll, tax and benefits administration solutions from a single source. ADP is also a provider of integrated computing solutions to automotive, heavy truck, motorcycle, marine and recreational vehicle dealers globally. The Company’s segment includes Employer Services, Professional Employer Organization (PEO) Services and Dealer Services. Employer Services offers a range of HR information, payroll processing, tax and benefits administration solutions and services, including traditional and Web-based outsourcing solutions, that assist approximately 540,000 employers in the United States, Canada, Europe, South America (primarily Brazil), Australia and Asia to staff, manage, pay and retain their employees. In November 2009, the Company announced the purchase of HRinterax, Inc.

Does ADP make for an intelligent investment or intelligent speculation today?

Starting with a base estimate of annual Free Cash Flow at a value of approximately $1,500,000,000 and the number of shares outstanding at 502,990,000 shares; we used an assumed FCF annual growth of 7 percent for the first 10 years and assume zero growth from years 11 to 15. Review the Free Cash Flow record here.

The resulting estimated intrinsic value per share (discounted back to the present) is approximately $46.61.

Market Price = $41.73
Intrinsic Value = $46.61 (estimated)
Debt/Equity ratio = .01
Price To Value (P/V) ratio = .9 and the estimated bargain = 10. percent.

Before we make a purchase, we must decide ( filter #1 ) if ADP is a high quality business with good economics. Does ADP have ( filter #2 ) enduring competitive advantages, and does ADP have ( filter #3 ) honest and able management.

The current price/earnings ratio = 15.6
It 's current return on capital = 19.99
Using a debt to equity ratio of .01, ADP shows a 5-year average return on equity = 18.7

Some industries have higher ROE because they require no assets, such as consulting firms. Other industries require large infrastructure builds before they generate a penny of profit, such as oil refiners. Generally, capital-intensive businesses have higher barriers to entry, which limit competition. But, high-ROE firms with small asset bases have lower barriers to entry. Thus, such firms face more business risk because competitors can replicate their success without having to obtain much outside funding.

Growth benefits investors only when the business in point can invest at incremental returns that are enticing; only when each dollar used to finance the growth creates over a dollar of long-term market value. In the case of a low-return business requiring incremental funds, growth hurts the investor. The wonderful companies sustain a competitive advantage, produce free cash flow, and use debt wisely.

Does ADP make for an intelligent investment or speculation today? Time is said to be the friend of the wonderful company and the enemy of the mediocre one. Before making an investment decision, seek understanding about the company, its products, and its sustainable competitive advantages over competitors. Next, look for able and trustworthy managers who are focused more on value than just growth. Finally ask: Is there a bargain relative to its intrinsic value per share today?

Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be misapraised. In terms of Opportunity Cost, is ADP the best place to invest our money today?

Time Forward Projection:

How will ADP compete going forward? Keep in mind that a financial report like this is a reflection of the past and present. It may be used to project a future, but it may not account for factors yet unseen. Therefore, pay attention to competitive and market factors that may affect changes in profitability.

In summary, using a debt to equity ratio of .01, ADP shows a 5-year average return on equity = 18.7 . Based on a holding and compounding period of 10 years, and a purchase price bargain of 10. percent, and a relative FCF growth of 7 percent, then the estimated effective annual yield on this investment may be greater than 8.1 %.

Going forward, are there any tranformational catalysts or condition indicators imaginable on the horizon?

As always, I appreciate hearing your views.

Disclosure: No positions