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Automatic Data Processing Inc (ADP.O)

ADP.O on Nasdaq

104.41USD
18 Aug 2017
Change (% chg)

$-0.27 (-0.26%)
Prev Close
$104.68
Open
$104.20
Day's High
$104.96
Day's Low
$103.43
Volume
5,300,922
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$121.77
52-wk Low
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Fri, Aug 18 2017

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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

UPDATE 3-Ackman's Pershing Square says ADP needs to streamline, modernize

BOSTON/NEW YORK, Aug 17 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.

BRIEF-Automatic Data Processing comments on Pershing Square investor presentation

* ‍"Strongly disagree with many of assertions made by Mr. Ackman" in Aug. 17 presentation​ Source text for Eikon: Further company coverage:

BRIEF-Hedge fund manager Robert Chapman says he is "short" on Automatic Data Processing - CNBC

* Chapman says he is "short" on Automatic Data Processing - CNBC

Pershing Square's Ackman says ADP needs to streamline

BOSTON/NEW YORK, Aug 17 Activist investor William Ackman laid out his case for changes at Automatic Data Processing Inc on Thursday, saying the payroll processor needs to improve its profit margins and integrate its business lines.

Pershing Square says ADP CEO misled board on talks with hedge fund

Activist investor Pershing Square Capital Management LP said on Monday the chief executive of Automatic Data Processing Inc had "unfairly characterized" their interactions in an effort to make the hedge fund's requests "appear unreasonable".

Pershing Square says ADP CEO misled board on talks with hedge fund

Aug 14 Activist investor Pershing Square Capital Management LP said on Monday the chief executive of Automatic Data Processing Inc had "unfairly characterized" their interactions in an effort to make the hedge fund's requests "appear unreasonable".

ADP CEO slams Ackman's research and 'spoiled brat' antics

NEW YORK The CEO of Automatic Data Processing Inc ADP.O slammed investor William Ackman on Thursday, likening the hedge fund manager to a "spoiled brat," and skewering the billionaire's research efforts into the payroll processor.

UPDATE 2-ADP CEO slams Ackman as 'spoiled brat' using shoddy research

NEW YORK, Aug 10 The CEO of Automatic Data Processing Inc slammed investor William Ackman on Thursday, likening the hedge fund manager to a "spoiled brat," and skewering the billionaire's research efforts into the payroll processor.

ADP CEO slams Ackman's research and 'spoiled brat' antics

NEW YORK The CEO of Automatic Data Processing Inc slammed investor William Ackman on Thursday, likening the hedge fund manager to a "spoiled brat" and skewering the billionaire's research efforts into the payroll processor.

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