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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 ...
In the quest to find great investments, most investors focus on earnings to gauge a company's financial strength. This is a good start, but earnings can be misleading and incomplete. To get a ...
ADP (ADP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
The business of cutting paychecks for other folks' employees isn't what it used to be -- and lately, one stock in this business has been underperforming the stock market as a whole, and performing ...
The Spanish version of the product was formerly known as Sage ContaPlus. [17] First offered in the early 1980s by Grupo SP, it gained popularity in 1990 by using news stands as point of sale and was offered at low prices at a time where professional accounting was expensive. [18] ContaPlus also took advantage of the Spanish accounting reform of ...
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