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Automatic Data Processing Inc (ADP.OQ)

ADP.OQ on NASDAQ Stock Exchange Global Select Market

146.55USD
16 Nov 2018
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Latest Key Developments (Source: Significant Developments)

ADP Increases Cash Dividend
Tuesday, 6 Nov 2018 08:00am EST 

Nov 6 (Reuters) - Automatic Data Processing Inc ::INCREASES CASH DIVIDEND; MARKS 44TH CONSECUTIVE YEAR OF DIVIDEND INCREASES.SETS QUARTERLY DIVIDEND OF $0.79PER SHARE.  Full Article

Pershing Square Capital Reports 4.9 Pct Stake In Automatic Data Processing
Friday, 17 Aug 2018 05:34pm EDT 

Aug 17 (Reuters) - Pershing Square Capital Management::PERSHING SQUARE CAPITAL MANAGEMENT REPORTS A 4.9 PERCENT STAKE IN AUTOMATIC DATA PROCESSING AS OF AUG 16 - SEC FILING.PERSHING SQUARE CAPITAL MANAGEMENT HAD PREVIOUSLY REPORTED A 5.6 PERCENT STAKE IN AUTOMATIC DATA PROCESSING AS OF JUNE 25 - SEC FILING.  Full Article

Pershing Square Capital Management Reports 7.2 Percent Stake In Automatic Data Processing Inc
Tuesday, 13 Mar 2018 05:23pm EDT 

March 13 (Reuters) - Automatic Data Processing Inc ::PERSHING SQUARE CAPITAL MANAGEMENT, L.P. REPORTS 7.2 PERCENT STAKE IN AUTOMATIC DATA PROCESSING INC AS OF MARCH 12, 2018 - SEC FILING.PERSHING SQUARE CAPITAL MANAGEMENT - SOLD 5 MILLION SHARES OF ADP'S COMMON STOCK, AMERICAN-STYLE CALL OPTIONS FOR PORTFOLIO MANAGEMENT PURPOSES.PERSHING SQUARE CAPITAL MANAGEMENT, L.P. HAD PREVIOSULY REPORTED 8.3 PERCENT STAKE IN AUTOMATIC DATA PROCESSING INC AS OF SEPT 15, 2017 - SEC FILING.  Full Article

ADP Offers Voluntary Early Retirement Program To Certain U.S.-Based Associates
Thursday, 1 Mar 2018 12:30pm EST 

March 1 (Reuters) - Automatic Data Processing Inc ::AUTOMATIC DATA PROCESSING - OFFERING VOLUNTARY EARLY RETIREMENT PROGRAM TO SOME ELIGIBLE U.S.-BASED ASSOCIATES AGED 55/ABOVE WITH 10 YRS SERVICE.AUTOMATIC DATA PROCESSING - VOLUNTARY EARLY RETIREMENT PROGRAM PROGRAM EXCLUDES SENIOR EXECUTIVE OFFICERS, SOME OTHER KEY LEADERS.AUTOMATIC DATA PROCESSING SAYS EARLY RETIREMENT OFFER HAS BEEN MADE TO ABOUT 3,500 ELIGIBLE ASSOCIATES, OR ABOUT 6 PERCENT OF WORKFORCE - SEC FILING.AUTOMATIC DATA PROCESSING - EXPECTS VOLUNTARY EARLY RETIREMENT PROGRAM TO HELP REDUCE PRE-TAX OPERATING EXPENSES STARTING IN EARLY FISCAL 2019.AUTOMATIC DATA PROCESSING - ‍ASSUMING 35% OF ASSOCIATES PARTICIPATES IN PROGRAM, CO EXPECTS TO RECOGNIZE SPECIAL TERMINATION BENEFIT PRE-TAX CHARGES.ADP - ‍INTENDS TO FUND SIGNIFICANT MAJORITY OF EARLY RETIREMENT ​PROGRAM COSTS FROM EXISTING SURPLUS IN CO'S U.S. DEFINED BENEFIT PLAN.AUTOMATIC DATA PROCESSING - EXPECTS WHEN VOLUNTARY EARLY RETIREMENT PROGRAM BEEN FULLY EXECUTED, ANNUALIZED PRE-TAX SAVINGS OF ABOUT $125 MILLION.ADP - CO EXPECTS TO RECOGNIZE CERTAIN SPECIAL TERMINATION BENEFIT PRE-TAX CHARGES OF ABOUT $250 MILLION, BEGINNING IN FISCAL Q4 2018​.AUTOMATIC DATA PROCESSING INC - CO ANTICIPATES RECORDING A NON-CASH SETTLEMENT CHARGE AS PART OF VOLUNTARY EARLY RETIREMENT PROGRAM​.  Full Article

Pershing Square Capital Management raises sole share stake in ADP, dissolves in Nomad Foods
Tuesday, 14 Nov 2017 05:44pm EST 

Nov 14 (Reuters) - Pershing Square Capital Management::Pershing Square Capital Management raises sole share stake in Automatic Data Processing Inc to 8.8 million shares from 1.8 million shares - SEC Filing‍​.Pershing Square Capital Management dissolves sole share stake in Nomad Foods - SEC Filing​.Pershing Square Capital Management - change in holdings are as of Sept 30, 2017 and compared with the previous quarter ended as of June 30, 2017.  Full Article

ADP raises qtrly cash dividend
Tuesday, 7 Nov 2017 08:28am EST 

Nov 7 (Reuters) - Automatic Data Processing Inc ::ADP increases cash dividend; marks 43rd consecutive year of dividend increases.Automatic Data Processing - approved $0.06 increase in qtrly cash dividend, new dividend compares with previous qtrly dividend rate of $0.57 per share​.  Full Article

ADP reports Q1 adjusted earnings per share of $0.91
Thursday, 2 Nov 2017 07:00am EDT 

Nov 2 (Reuters) - Automatic Data Processing Inc :ADP reports first quarter fiscal 2018 results.Q1 adjusted earnings per share $0.91.Q1 earnings per share $0.90.Q1 earnings per share view $0.85 -- Thomson Reuters I/B/E/S.Sees FY 2018 revenue up 6 to 8 percent.Q1 revenue $3.1 billion versus I/B/E/S view $3.06 billion.Automatic Data Processing Inc - ‍raising fiscal 2018 revenue growth outlook to 6% to 8%​.Automatic Data Processing - ‍worldwide new business bookings declined 3% for quarter; reaffirming 5% to 7% increase in fiscal 2018​.Automatic Data Processing Inc - ‍ADP expects full year diluted earnings per share to be down 1% to up 1%​.Automatic Data Processing - ‍continues to anticipate adjusted EPS growth and adjusted EBIT margin to be below guidance ranges in first half of fiscal 2018​.Automatic Data Processing Inc - ‍continues to anticipate adjusted EPS growth and adjusted EBIT margin to be above previous guidance ranges in H2 2018​.Automatic Data Processing Inc - ‍anticipated fiscal 2018 pre-tax restructuring charges of about $30 million related to our service alignment initiative​.Automatic Data Processing Inc - ‍anticipated fiscal 2018 pre-tax proxy contest charges of about $27 million​.  Full Article

Pershing Square sends letter to ADP's board
Wednesday, 1 Nov 2017 06:00am EDT 

Nov 1 (Reuters) - Automatic Data Processing Inc :Pershing Square sends letter to ADP's board.  Full Article

Pershing Square publishes letter to ADP shareholders
Friday, 27 Oct 2017 09:00am EDT 

Oct 27 (Reuters) - ‍Pershing Square Capital Management LP :Pershing Square publishes letter to shareholders.‍pershing Square Capital Management LP published a letter to ADP shareholders​ on Friday.  Full Article

Egan-Jones recommends ADP shareholders to vote for all three of Pershing Square’s nominees
Tuesday, 24 Oct 2017 09:30am EDT 

Oct 24 (Reuters) - Automatic Data Processing Inc :Proxy advisory firm Egan-Jones joins Glass Lewis in recommending ADP shareholders vote for all three of Pershing Square’s nominees for ADP’s transformation on the gold proxy card.Pershing Square Capital Management says proxy firm Egan-Jones recommends ADP shareholders vote for Pershing's 3 nominees at ADP's annual meeting on Nov 7.  Full Article

UPDATE 1-Several consortiums eyeing ADP bid - French official

PARIS, Nov 16 French plans to privatise Aeroports de Paris have attracted strong interest from "several consortiums" including some led by industrial investors, state holdings chief Martin Vial said on Friday.