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In 2007, the ADP Brokerage Service Group was spun off to form Broadridge Financial Solutions, Inc., removing about US$2 billion from ADP's total yearly revenue. [11] ADP distributed one share of Broadridge common stock for every four shares of ADP common stock held by shareholders of record as of the close of business on March 23, 2007.
Broadridge was founded in 1962 [5] as ADP Brokerage Services Group, [9] a business unit [6] of the American payroll processing company Automatic Data Processing (ADP). [5] Operating as ADP's shareholder communications division, [10]: 27 [11] it initially served one client by processing an average of 300 trades per night. [9]
He graduated from NYU in 1947 with a degree in accounting. [3] In 1949, he founded Automatic Payrolls Inc. (API), a manual payroll processing service in Northern New Jersey. That company is now known as Automatic Data Processing (ADP) [3] and is the leading provider of computerized payroll and benefits management services to employers in the U ...
ADP (ADP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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Automatic Data Processing (ADP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The first version of the current X3 product was released in 2000. Adonix acquired other firms including Italian ERP vendor Gruppo Formula SPA, the North American GSI Transcomm (formerly known as ADP-GSI Logistics and Distribution) in February 1999 and CIMPRO in December 2002 from MAI Systems leading to an expansion of offices into America. [6]
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