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Automatic Data Processing Inc (ADP.O)

ADP.O on Nasdaq

104.41USD
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Automatic Data Processing comments on Pershing Square investor presentation
Thursday, 17 Aug 2017 02:14pm EDT 

Aug 17 (Reuters) - Automatic Data Processing Inc ::ADP comments on Pershing Square investor presentation.‍"Strongly disagree with many of assertions made by Mr. Ackman" in Aug. 17 presentation​.  Full Article

ADP comments on Pershing Square Capital Management's nomination of directors
Monday, 7 Aug 2017 05:03pm EDT 

Aug 7 (Reuters) - Automatic Data Processing Inc :Automatic Data Processing says nominating corporate governance committee of board will evaluate Ackman's nominees​.Says board "‍reiterates invitation it made to Mr. Ackman last week to present his ideas to full board​".  Full Article

Pershing Square announces nominees for election to ADP board
Monday, 7 Aug 2017 04:05pm EDT 

Aug 7 (Reuters) - Pershing Square Holdings Ltd :Pershing Square announces nominees for election to the board of directors of ADP.Pershing Square announces nominees for election to the board of directors of ADP.Says ‍proposed three directors for election to board of ADP​.Says ‍also announced that it will hold a public webcast for investors on Thursday, August 17, 2017.Pershing Square - ‍nominees, who will be proposed at ADP's forthcoming annual meeting of shareholders, are: Bill Ackman, Veronica Hagen, V. Paul Unruh​.Pershing Square - Hagen And Unruh are independent and do not have any prior business or personal relationships with Pershing Square​.  Full Article

Bill Ackman bought even more Automatic Data Processing stock on Friday- CNBC
Friday, 4 Aug 2017 12:31pm EDT 

Aug 4 (Reuters) - :Bill Ackman bought even more Automatic Data Processing stock on Friday- CNBC.  Full Article

ADP says Pershing Square Capital Management seeking control of ADP
Friday, 4 Aug 2017 07:30am EDT 

Aug 4 (Reuters) - Automatic Data Processing Inc :ADP says Pershing Square Capital Management seeking control of ADP.Says ‍informed by pershing that it wants five seats on 10-member board and CEO change​.Says ‍board rejects pershing's request to extend director nomination deadline​.Automatic Data Processing Inc says "pershing first contacted adp on August 1, and William Ackman said it beneficially owns 8% of ADP, largely in derivatives"​.Automatic Data Processing Inc - ‍Ackman said he planned to nominate five directors, including himself, to ADP's 10-member board​.Automatic Data Processing - ‍Ackman requested that adp extend august 10 deadline for nomination of directors by 30 to 45 days ​.Automatic Data Processing - ‍Ackman requested that he planned to nominate five directors, including himself, to ADP's 10-member board.Says Ackman also said CEO Carlos Rodriguez should be replaced​.Automatic Data Processing Inc - ‍Ackman requested that ADP extend August 10 deadline for nomination of directors by 30 to 45 days​.Automatic Data Processing - co's ‍board has unanimously determined that it is not in best interests of adp or its other shareholders to accede to pershing's last-minute request for an extension.  Full Article

Gladstone Commercial Corp announces $51.4 mln office portfolio acquisition in Orlando, Fl
Tuesday, 1 Aug 2017 08:10am EDT 

Aug 1 (Reuters) - Gladstone Commercial Corp :Gladstone Commercial Corporation announces $51.4 million office portfolio acquisition in Orlando, Fl.Gladstone Commercial Corp - ‍Gladstone financed transaction with a fixed-rate mortgage at a 3.89% interest rate​.Gladstone Commercial - Portfolio is 72% leased to ADP LLC, unit of Automatic Data Processing Inc, through September 2027.Gladstone Commercial Corp - ‍It completed the acquisition of office portfolio​.  Full Article

ADP Q4 adjusted EPS $0.66 from continuing operations
Thursday, 27 Jul 2017 07:00am EDT 

July 27 (Reuters) - Automatic Data Processing Inc ::ADP reports fourth quarter and fiscal 2017 results; provides fiscal 2018 outlook.Q4 adjusted earnings per share $0.66 from continuing operations.Q4 earnings per share $0.59 from continuing operations.Q4 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.Sees FY 2018 revenue up 5 to 6 percent.Automatic Data Processing Inc - expects full year diluted earnings per share to decline 1% to 3%.Automatic Data Processing Inc - expects full year adjusted diluted earnings per share growth of 2% to 4%.Automatic Data Processing Inc - anticipates adjusted diluted earnings per share growth and adjusted EBIT margin to be below guidance ranges in H1 2018.Automatic Data Processing Inc sees fiscal 2018 pre-tax restructuring charges of about $30 million.Automatic Data Processing Inc - ADP expects revenue growth at lower end of guidance range in first half of fiscal 2018.Automatic Data Processing Inc - ADP expects revenue growth at higher end of guidance range in second half of fiscal 2018.Automatic Data Processing- for employer services segment, sees FY 2018 revenue growth of about 2% to 3% and a margin decline of 50 to 75 basis points.Automatic Data Processing Inc - for peo services segment, sees 11% to 13% revenue growth and margin expansion of 25 to 50 basis points for FY 2018.FY 2018 earnings per share view $3.95, revenue view $12.98 billion -- Thomson Reuters I/B/E/S.  Full Article

Automatic Data Processing says entered into a $3.50 bln 364-day credit agreement
Thursday, 15 Jun 2017 05:06pm EDT 

June 15 (Reuters) - Automatic Data Processing Inc ::Automatic Data Processing Inc - on june 14, 2017, co entered into a $3.50 billion 364-day credit agreement -sec filing.Automatic Data Processing- 5-year facility contains accordion feature under which aggregate commitment can be increased by $500 million to $2.75 billion.Automatic Data Processing Inc - 364-day facility replaced company's prior $3.25 billion 364-day facility, entered into on june 15, 2016.Automatic Data Processing Inc - co entered into a $2.25 billion five-year credit agreement - sec filing.Automatic Data Processing- five-year facility contains accordion feature under which aggregate commitment can be increased by $500 million to $2.75 billion.Automatic Data Processing Inc - existing $3.75 billion five-year credit agreement entered into on june 15, 2016 will continue in full force and effect.Automatic Data Processing Inc - lenders' commitments under five-year facility will expire and borrowings thereunder will mature on june 14, 2022.  Full Article

ADP reports Q3 earnings per share $1.31 from continuing operations
Wednesday, 3 May 2017 07:00am EDT 

May 3 (Reuters) - Automatic Data Processing Inc -:ADP reports third quarter fiscal 2017 results.Q3 earnings per share $1.31 from continuing operations.Q3 revenue $3.4 billion versus i/b/e/s view $3.42 billion.Q3 earnings per share view $1.23 -- Thomson Reuters I/B/E/S.Automatic Data Processing Inc - expects full year diluted earnings per share from continuing operations to grow 17% to 18%.Automatic Data Processing Inc - expects full year adjusted diluted earnings per share growth of 13% to 14%.Automatic Data Processing Inc - ADP continues to expect full year 2017 revenue growth of about 6%.Fy2017 earnings per share view $3.66, revenue view $12.37 billion -- Thomson Reuters I/B/E/S.Automatic Data Processing - were disappointed with this quarter's 7% decline in new business bookings.  Full Article

Automatic Data Processing CEO Carlos Rodriguez's FY 2016 total compensation $10.9 mln
Thursday, 22 Sep 2016 10:26am EDT 

Automatic Data Processing Inc : CEO Carlos Rodriguez's FY 2016 total compensation was $10.9 million versus $8.3 million in FY 2015 - sec filing .CFO Jan Siegmund's FY 2016 total compensation was $4.23 million versus $3.65 million in FY 2015.  Full Article

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Ackman's Pershing Square says ADP needs to streamline, modernize

BOSTON/NEW YORK Billionaire activist investor William Ackman on Thursday said Automatic Data Processing Inc's stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in technology upgrades. | Video