Edition:
United Kingdom

Automatic Data Processing Inc (ADP.OQ)

ADP.OQ on NASDAQ Stock Exchange Global Select Market

110.36USD
4:18pm GMT
Change (% chg)

$-0.67 (-0.60%)
Prev Close
$111.03
Open
$110.98
Day's High
$111.22
Day's Low
$110.33
Volume
208,375
Avg. Vol
1,250,134
52-wk High
$121.77
52-wk Low
$93.09

Latest Key Developments (Source: Significant Developments)

Pershing Square Capital Management raises sole share stake in ADP, dissolves in Nomad Foods
Tuesday, 14 Nov 2017 

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 

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 

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 

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 

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 

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

Bill Ackman on CNBC says would like to see ADP's margins improve
Wednesday, 4 Oct 2017 

Oct 4 (Reuters) - Automatic Data Processing Inc :Bill Ackman on CNBC says would like to see Automatic Data Processing's margins improve.Bill Ackman on CNBC says Pershing Square is third largest shareholder in automatic data by dollars spent.  Full Article

Pershing Square Holdings buys 8 pct stake in ADP
Monday, 7 Aug 2017 

Aug 7 (Reuters) - PERSHING SQUARE HOLDINGS LTD ::ANNOUNCED ON FRIDAY INVESTMENT IN ADP.‍PERSHING SQUARE CAPITAL MANAGEMENT SAYS HAS ACQUIRED AN 8% STAKE IN ADP, MAKING IT PERSHING SQUARE'S LARGEST INVESTMENT​.‍PERSHING SQUARE CAPITAL MANAGEMENT SAYS AT ADP'S REQUEST, MET WITH CO'S CEO AND CHAIRMAN​.  Full Article

Automatic Data Processing CEO Carlos Rodriguez's FY 2016 total compensation $10.9 mln
Thursday, 22 Sep 2016 

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

Automatic Data Processing says board amended by-laws to add proxy access procedures for qualifying stockholders
Wednesday, 3 Aug 2016 

Automatic Data Processing : On august 2, board amended and restated co’s by-laws to add proxy access procedures for qualifying stockholders .Stockholders may utilize proxy access beginning with the company’s 2017 annual meeting of stockholders - sec filing.  Full Article

WRAPUP 1-New ADP report shows Canada shed jobs in October; markets unfazed

OTTAWA, Nov 16 The Canadian labor market lost momentum in October, a new report showed on Thursday, though traders panned the data and analysts said it did not change their outlook for job growth, which has been strong this year.