| Automatic Data Processing is a provider of human capital management (HCM) solutions to employers, providing solutions to businesses. Co.'s two reportable business segments are Employer Services, which provides a range of human resources (HR) business process outsourcing and technology-enabled HCM solutions that include offerings such as payroll services, benefits administration, talent management, HR management, time and attendance management, insurance services, retirement services, and tax and compliance services; and Professional Employer Organization Services, which serves clients with employment administration outsourcing solutions. We show 37 historical shares outstanding datapoints in our ADP shares outstanding history coverage, used to compute ADP market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing ADP market cap history over the course of time is important for investors
interested in comparing ADP's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of ADP versus a peer is one thing; comparing
ADP market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like ADP can fluctuate over the course of history.
With this page we aim to empower investors researching ADP by allowing them to research the ADP market cap history.