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Automatic Data Processing Inc (ADP.OQ)

ADP.OQ on NASDAQ Stock Exchange Global Select Market

117.82USD
11 Dec 2017
Change (% chg)

$1.80 (+1.55%)
Prev Close
$116.02
Open
$118.00
Day's High
$118.61
Day's Low
$116.26
Volume
776,681
Avg. Vol
1,127,844
52-wk High
$121.77
52-wk Low
$94.12

Latest Key Developments (Source: Significant Developments)

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

ADP acquires Global Cash Card
Thursday, 5 Oct 2017 08:30am EDT 

Oct 5 (Reuters) - Automatic Data Processing Inc :ADP acquires Global Cash Card, solidifies leadership position in employee payments and extends payroll differentiation with acquisition of proprietary digital payments processing platform.Automatic Data Processing Inc - ‍financial terms of transaction were not disclosed.​.  Full Article

Pershing Square sends letter to shareholders in relation to ADP​
Thursday, 28 Sep 2017 01:19pm EDT 

Sept 28 (Reuters) - Automatic Data Processing Inc ::Pershing Square releases letter to shareholders.Pershing Square Capital Management sends letter to shareholders in relation to ADP​.  Full Article

Automatic Data Processing says rejects Ackman's request to switch from customary voting procedures to "universal voting card process‍​"
Friday, 22 Sep 2017 05:08pm EDT 

Sept 22 (Reuters) - Automatic Data Processing Inc :Automatic Data Processing - On September 22, sent letter to William Ackman - SEC Filing.Automatic Data Processing - Rejects Ackman's request to switch from customary voting procedures to "universal voting card process‍​".  Full Article

Pershing Square responds to ADP Presentation
Wednesday, 13 Sep 2017 08:53am EDT 

Sept 13 (Reuters) - Pershing Square Holdings Ltd :Pershing Square responds to ADP Presentation.Pershing Square says ‍urges ADP shareholders not to vote white proxy card or voting instruction forms received from adp​.  Full Article

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U.S. private employment growth eases but manufacturing shines: ADP

NEW YORK U.S. private-sector employment growth eased in November even as the manufacturing sector added the most jobs in at least 15 years, a report by a payrolls processor showed on Wednesday.