|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||116.50 - 118.71|
|52 Week Range||95.50 - 125.24|
|PE Ratio (TTM)||30.67|
|Forward Dividend & Yield||2.76 (2.37%)|
|1y Target Est||N/A|
Billionaire investor William Ackman, who lost a proxy contest at Automatic Data Processing last year, said on Tuesday that he wants the human-resources technology company to succeed but said he might be back with a fight if ADP fails to perform. Ackman, whose hedge fund Pershing Square Holdings last month reported cutting its holding in ADP to a 7.2 percent economic stake, praised the company for planning an analyst day in June and said he and other shareholders are looking forward to hearing how executives navigate a changed economic environment. ADP will benefit from recent tax cuts, and rising interest rates should help lift guidance, Ackman said at 13D Monitor's 2018 Active-Passive Investor Summit.
Tax benefits from the Tax Cuts and Jobs Act encourage Automatic Data Processing's (ADP) board of directors to offer a dividend hike.
Automatic Data Processing Inc. said Wednesday it was raising its quarterly dividend by 9.5% to 69 cents a share from 63 cents a share. The new dividend will be payable July 1 to shareholders of record ...
Intuit’s (INTU) small-business and self-employed division has seen double-digit revenue growth in the last five quarters, fueled by strong QuickBooks subscriber growth and higher online QuickBooks subscriber additions.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting ADP. Over the last one-month, outflows of investor capital in ETFs holding ADP totaled $14.55 billion.
The embattled activist is reportedly experiencing significant redemptions as investors seek to flee his fund. A campaign at the payroll processor in 2018 is a real possibility as Ackman has $500 million ...
This could indicate that investors who seek to profit from falling equity prices are not currently targeting ADP. Over the last one-month, outflows of investor capital in ETFs holding ADP totaled $14.69 billion.
Investors hear about dividend aristocrats all the time. Let’s take a look at three dividend aristocrats that don’t get a lot of attention. Archer Daniels Midland Co (NYSE:ADM) is a 120-year-old dividend aristocrat that procures, processes and moves agricultural products.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting ADP. Over the last one-month, outflows of investor capital in ETFs holding ADP totaled $3.46 billion.
The 50-year-old investor has the most to lose, since he is Pershing Square's largest shareholder.
At cryptocurrency workplaces like Coinbase and BitPay, employees want pay in bitcoin, often as a way to save for retirement, like an IRA or 401(k).
Ackman, through Pershing Square Capital Management LP, started scooping up Nike shares toward the tail end of 2017.