ADP.F - Automatic Data Processing, Inc.

Frankfurt - Frankfurt Delayed Price. Currency in EUR
153.26
+0.60 (+0.39%)
At close: 8:02AM CEST
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Previous Close152.66
Open153.26
Bid148.48 x 50000
Ask149.38 x 50000
Day's Range153.26 - 153.26
52 Week Range109.51 - 153.26
Volume8
Avg. Volume47
Market Cap66.608B
Beta (3Y Monthly)0.65
PE Ratio (TTM)29.25
EPS (TTM)5.24
Earnings DateN/A
Forward Dividend & Yield2.82 (1.85%)
Ex-Dividend Date2019-09-12
1y Target EstN/A
  • Ackman Exits Positions in United Techologies and ADP
    Bloomberg

    Ackman Exits Positions in United Techologies and ADP

    (Bloomberg) -- Bill Ackman’s Pershing Square Capital Management has liquidated its positions in United Technologies Corp. and Automatic Data Processing Inc. as the firm builds up its cash reserves for new investments.Ackman has decided to sell his stake in industrial company United Technologies rather than fight its takeover of defense contractor Raytheon Co., according to people familiar with the matter, who asked to not be identified because the matter isn’t public. He had vowed to oppose that deal in June, saying it lacked strategic sense.Ackman has exited payroll processor ADP -- the last company where he waged a proxy fight -- because much of the low-hanging fruit has been plucked, he said in a letter Monday to co-investors in a special purpose vehicle set up to invest in the company. A copy of the letter was obtained by Bloomberg News.ADP’s shares rose as much as 2% Tuesday and were trading at $162.66 at 11:32 a.m. in New York. United Technologies’ shares were up 0.6% to $126.46.The billionaire investor will use the proceeds from the sales in the companies for other opportunities. He already has a new position. The hedge fund’s publicly traded affiliate Pershing Square Holdings Ltd. has made a new, undisclosed investment that amounted to 12% of its net asset value, the firm said in a statement Monday, confirming a Bloomberg News report. As of July 31, Pershing Square Holdings’ total assets under management amounted to $5.6 billion, according to its website, meaning its stake in the new investment would amount to at least $672 million. It did not detail how much of the new investment was held by its private funds, which could increase the value of the stake.Separately, the firm raised $400 million issuing debt last month.Representatives for United Technologies and ADP didn’t respond to requests for comment.Ackman disclosed an 8.3% stake in ADP in 2017 and sought to replace three board directors in a proxy contest at the company. ADP shareholders rejected his proposal.It was still a successful investment, returning about 50% for Pershing Square’s co-investors, according to Ackman’s letter. Pershing Square acquired its ADP stake for its co-investors i at an average cost of $114.76 a share and exited on July 31 when its share closed at roughly $167 a piece, according to the letter.Ackman took credit in the letter for at least part of those gains by shining a spotlight on the company’s growth potential and spurring on management to improve its operations.“Our activism bore significant fruit,” he said. “As a direct result of our activism, ADP made commitments to accelerate revenue growth, bolster its competitive position in the enterprise market, and improve efficiency and margins.”ADP was Ackman’s last high-profile proxy fight. After several setbacks in the previous years, including his losing bets on Valeant Pharmaceuticals International Ltd. and Herbalife Ltd., Ackman was forced to rethink his approach following a flurry of investor redemptions.Since then, Ackman has stepped back from the limelight and put a renewed focus on his investment strategy. Pershing Square’s investments have returned roughly 50% this year through July 31, according to its website.At the same time, his once-troubled investment in Chipotle Mexican Grill Inc. has turned around, with its shares hitting a record high last month under the stewardship of its new chief executive officer, Brian Niccol.(Updates shares in fourth paragraph; adds Pershing Square statement in sixth paragraph.)\--With assistance from Richard Clough.To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 2-Ackman's Pershing Square exited ADP and United Tech investments -source

    William Ackman's Pershing Square Capital Management has sold its positions in Automatic Data Processing Inc and United Technologies Corp and built a new position in a company whose name has not been disclosed, a source familiar with the matter said on Monday. Ackman announced the exit from ADP in a letter sent to clients and seen by Reuters on Monday and had earlier told analysts about the decision to sell out of United Technologies, the source said. A spokesman for Pershing Square declined to comment on either sale or disclose the name of the company in which the firm is building a position.

  • ADP Leverages New Technology to Boost Growth
    GuruFocus.com

    ADP Leverages New Technology to Boost Growth

    Shares of human resource and payroll services giant Automatic Data Processing Inc. (ADP) are up nearly 25% this year following a string of impressive results in the last several quarters. Warning! GuruFocus has detected 2 Warning Sign with CHK. ADP supplies companies with human resource management software globally and has recently been adapting to new technologies to serve its customers better.

  • Automatic Data Processing Inc (ADP) Q3 2019 Earnings Call Transcript
    Motley Fool

    Automatic Data Processing Inc (ADP) Q3 2019 Earnings Call Transcript

    ADP earnings call for the period ending March 31, 2019.

  • Associated Press

    ADP: Fiscal 3Q Earnings Snapshot

    On a per-share basis, the Roseland, New Jersey-based company said it had profit of $1.73. Earnings, adjusted for one-time gains and costs, were $1.77 per share. The results surpassed Wall Street expectations. ...

  • GuruFocus.com

    5 Companies Hit 52-Week Highs

    Multiple companies have managed to achieve yearly highs as of late

  • Bill Ackman's Pershing Square Discloses 2 New Positions for 4th Quarter
    GuruFocus.com

    Bill Ackman's Pershing Square Discloses 2 New Positions for 4th Quarter

    Bill Ackman (Trades, Portfolio), manager of Pershing Square Capital Management, disclosed last week that his fund introduced two new positions and boosted four positions during the fourth quarter of 2018. Warning! GuruFocus has detected 5 Warning Sign with HLT. The fund manager said in his Feb. 13, 2019, investor presentation that Pershing Square returned -0.7% for 2018, outperforming the Standard & Poor's 500 index return of -4.4%.

  • GuruFocus.com

    Automatic Data Processing Inc (ADP) President & CEO Carlos A Rodriguez Sold $5. ...

    President & CEO of Automatic Data Processing Inc (NASDAQ:ADP) Carlos A Rodriguez sold 36,364 shares of ADP on 02/14/2019 at an average price of $149.05 a share.

  • TheStreet.com

    ADP Pushes Into Overhead Resistance, but Charts Favor a Move to New Highs

    For the "Executive Decision" segment of his "Mad Money" program last Friday, Jim Cramer sat down with Carlos Rodriguez, president and CEO of Automatic Data Processing Inc. Rodriguez said despite seeing a lot of fear and uncertainty in December, ADP continues to see steady growth in both employment and wages. The economy still has a lot of momentum, he said, even with the recent government shutdown.

  • Associated Press

    ADP: Fiscal 2Q Earnings Snapshot

    The Roseland, New Jersey-based company said it had net income of $1.27 per share. Earnings, adjusted for one-time gains and costs, came to $1.34 per share. The results surpassed Wall Street expectations. ...

  • See what the IHS Markit Score report has to say about Automatic Data Processing Inc.
    Markit

    See what the IHS Markit Score report has to say about Automatic Data Processing Inc.

    This could indicate that investors who seek to profit from falling equity prices are not currently targeting ADP. ADP credit default swap spreads are within the middle of their range for the last three years. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.

  • GuruFocus.com

    Automatic Data Processing Inc (ADP) President & CEO Carlos A Rodriguez Sold $9. ...

    President & CEO of Automatic Data Processing Inc (NASDAQ:ADP) Carlos A Rodriguez sold 62,228 shares of ADP on 11/16/2018 at an average price of $145.59 a share.

  • ADP Rides on Strategic Acquisitions and Strong Business Model
    Zacks

    ADP Rides on Strategic Acquisitions and Strong Business Model

    A strong cash position aids ADP to continuously undertake shareholder-friendly activities.

  • GuruFocus.com

    Automatic Data Processing Inc (ADP) President & CEO Carlos A Rodriguez Sold $15 million of ...

    President & CEO of Automatic Data Processing Inc (NASDAQ:ADP) Carlos A Rodriguez sold 101,620 shares of ADP on 11/08/2018 at an average price of $147.46 a share.

  • Automatic Data Processing Inc (ADP) Q1 2019 Earnings Conference Call Transcript
    Motley Fool

    Automatic Data Processing Inc (ADP) Q1 2019 Earnings Conference Call Transcript

    ADP earnings call for the period ending September 30, 2018.

  • ADP Q1 Earnings, Revenues Surpass Estimates, 2019 View Up
    Zacks

    ADP Q1 Earnings, Revenues Surpass Estimates, 2019 View Up

    ADP first-quarter fiscal 2019 earnings and revenues improve on a year-over-year basis.

  • G vs. ADP: Which Stock Should Value Investors Buy Now?
    Zacks

    G vs. ADP: Which Stock Should Value Investors Buy Now?

    G vs. ADP: Which Stock Is the Better Value Option?

  • Are You Looking for a High-Growth Dividend Stock? Automatic Data Processing (ADP) Could Be a Great Choice
    Zacks

    Are You Looking for a High-Growth Dividend Stock? Automatic Data Processing (ADP) Could Be a Great Choice

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Automatic Data Processing (ADP) have what it takes? Let's find out.

  • Automatic Data Processing (ADP) Q1 Earnings and Revenues Surpass Estimates
    Zacks

    Automatic Data Processing (ADP) Q1 Earnings and Revenues Surpass Estimates

    ADP (ADP) delivered earnings and revenue surprises of 9.09% and 1.24%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press

    ADP: Fiscal 1Q Earnings Snapshot

    On a per-share basis, the Roseland, New Jersey-based company said it had net income of $1.15. Earnings, adjusted for non-recurring costs, were $1.20 per share. The results surpassed Wall Street expectations. ...

  • Business Services Stocks' Earnings on Oct 31: ADP, APTV, FISV
    Zacks

    Business Services Stocks' Earnings on Oct 31: ADP, APTV, FISV

    Investors interested in the business services stocks can watch out for earnings reports of ADP, APTV and FISV on Oct 31.