|Bid||185.00 x 100|
|Ask||185.28 x 300|
|Day's Range||184.60 - 186.19|
|52 Week Range||180.29 - 233.42|
|PE Ratio (TTM)||191.17|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Bill Ackman believes ADP isn't living up to its potential.
Credit Suisse Potential disruption at Automatic Data Processing could have positive implications for Ultimate Software Group, Paycom Software and Workday. Last week, Pershing Square, an activist hedge ...
Last week, Bill Ackman's Pershing Square outlined its plan to unlock value from Automatic Data Processing (ADP). The shares fell as Pershing delivered its criticisms and laid out its motives behind its 8% stake in the stock. Credit Suisse's Michael Nemeroff writes that these developments could be disruptive for ADP, especially within in its Employer Services (ES) business, which accounts for some $8.5 billion of net revenue for the company. More detail from the note: Last week, Gartner published its 2017 Magic Quadrant for Cloud Human Capital Management (HCM) Suites for Midmarket and Large Enterprises, which advanced ULTI to a 'Leader' from a 'Challenger' and maintained WDAY as a 'Leader'.