Automatic Data Processing Inc
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Information Technology : IT Services | Large Cap Blend
Company profile

Automatic Data Processing, Inc. (ADP) is a global technology company engaged in providing cloud-based human capital management (HCM) solutions that unite HR, payroll, talent, time, tax and benefits administration. Its segments include Employer Services and Professional Employer Organization (PEO). Its Employer Services segment serves clients ranging from single-employee small businesses to large enterprises with tens of thousands of employees around the world, offering a range of technology-based HCM solutions, including its cloud-based platforms, and human resource outsourcing (HRO) solutions (other than PEO) solutions. Its offerings include Payroll Services, Benefits Administration, Talent Management, HR Management, Workforce Management, Compliance Services, Insurance Services and Retirement Services. Its PEO business, called ADP TotalSource, provides clients with employment administration outsourcing solutions. It serves over 990,000 clients in 140 countries and territories.

Closing Price
$226.19
Day's Change
-1.56 (-0.68%)
Bid
--
Ask
--
B/A Size
--
Day's High
229.69
Day's Low
225.94
Volume
(Heavy Day)
Volume:
2,875,272

10-day average volume:
1,986,562
2,875,272

BlackRock partners with Coinbase to offer bitcoin access to institutional investors, despite market downturn

9:52 am ET August 4, 2022 (MarketWatch)
Print

By Frances Yue

BlackRock Inc., the world's largest asset manager, is partnering with Coinbase Global Inc. to offer direct access to bitcoin to some institutional clients.

Common clients of Coinbase (COIN) and BlackRock's (BLK) investment management platform Aladdin, will get access to crypto trading, custody, prime brokerage, and reporting capabilities, according to a statement Thursday.

"Our institutional clients are increasingly interested in gaining exposure to digital asset markets and are focused on how to efficiently manage the operational life cycle of these assets," Joseph Chalom, global head of strategic ecosystem partnerships at BlackRock, wrote in the statement.

In March, BlackRock's chairman Larry Fink wrote in a letter to shareholders that the company is studying digital currencies, stablecoins and the underlying technologies as the firm has seen increasing interest from clients.

Bitcoin was trading at around $22,952 Thursday, down 1.6% over the past 24 hours, according to CoinDesk data.

-Frances Yue

	

(END) Dow Jones Newswires

August 04, 2022 09:52 ET (13:52 GMT)

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