New Jersey-based Automatic Data Processing, Inc. (ADP) provides cloud-based human capital management (HCM) solutions. Valued at a market cap of almost $123.7 billion, the company offers payroll, talent management, Human Resources and benefits administration, and time and attendance management services to employers around the world.
Companies valued at over $10 billion are typically classified as “large-cap stocks,” and ADP fits the label perfectly. As a global leader in HCM solutions, the company serves over one million clients in a wide range of industries, including restaurant and hospitality, manufacturing, professional and technical services, construction, financial services, retail, healthcare, government, and educational institutions.
