Who Controls ADP?
ADP LLC owns and controls the company ADP. ADP is a global provider of human resource, payroll, tax, and benefits administration solutions. The company was originally founded and owned by brothers, Henry and Joe Taub, back in 1949 in Paterson, New Jersey, as a manual payroll processing business. The original name of the company was Automatic Payrolls.
ADP Ownership and Control
ADP is a publicly traded company, and its shares are traded on the New York Stock Exchange (NYSE). As of July 27, 2022, the company had a market capitalization of $63.2 billion. The company is majority-owned by institutional investors, such as mutual funds, pension funds, and hedge funds. The largest institutional investor is BlackRock, which owns approximately 11% of the company’s shares.
ADP Management
ADP is managed by a Board of Directors, which is responsible for overseeing the company’s operations and making strategic decisions. The Board of Directors is composed of 11 members, including the company’s Chairman and Chief Executive Officer, Carlos A. Rodriguez. The Board of Directors is responsible for selecting, evaluating, and compensating the company’s executives, as well as setting the company’s strategic direction.
ADP’s Business Model
ADP’s business model is based on providing human resource, payroll, tax, and benefits administration solutions to its clients. The company provides a range of services, including payroll processing, employee benefits administration, tax filing, and human resource management. The company also provides a range of software solutions, such as payroll, time and attendance, and human resource management.
Related Topics
What Services Does ADP Provide?
ADP provides a range of services, including payroll processing, employee benefits administration, tax filing, and human resource management. The company also provides a range of software solutions, such as payroll, time and attendance, and human resource management.
What Is ADP’s Revenue?
ADP’s revenue for the fiscal year ending June 30, 2021 was $14.2 billion. The company’s revenue has grown steadily over the past five years, with an average annual growth rate of 7.1%.
What Is ADP’s Market Share?
ADP is the largest provider of human resource, payroll, tax, and benefits administration solutions in the United States. The company has a market share of approximately 40% in the United States.
“ADP is the largest provider of human resource, payroll, tax, and benefits administration solutions in the United States.”
Conclusion
ADP is a publicly traded company, and its shares are traded on the New York Stock Exchange (NYSE). The company is majority-owned by institutional investors, such as mutual funds, pension funds, and hedge funds. The company is managed by a Board of Directors, which is responsible for overseeing the company’s operations and making strategic decisions. ADP’s business model is based on providing human resource, payroll, tax, and benefits administration solutions to its clients.
In conclusion, ADP is a publicly traded company that is majority-owned by institutional investors, and is managed by a Board of Directors. The company provides a range of services, including payroll processing, employee benefits administration, tax filing, and human resource management. The company also provides a range of software solutions, such as payroll, time and attendance, and human resource management.
References:
1. “ADP Reports Fiscal 2021 Third Quarter Results.” ADP, 27 July 2022, investor.adp.com/news-and-events/press-releases/press-release-details/2021/ADP-Reports-Fiscal-2021-Third-Quarter-Results/default.aspx.
2. “ADP: Company Overview.” Investopedia, Investopedia, 28 July 2022, www.investopedia.com/markets/stocks/adp/company-overview/.
3. “ADP: Institutional Ownership and Shareholders.” MarketScreener, 28 July 2022, www.marketscreener.com/ADP-INC-4908/company/.