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Automatic Data Processing Inc (ADP.OQ)

ADP.OQ on NASDAQ Stock Exchange Global Select Market

135.09USD
18 Sep 2020
Change (% chg)

$-2.78 (-2.02%)
Prev Close
$137.87
Open
$137.77
Day's High
$137.87
Day's Low
$133.87
Volume
1,820,209
Avg. Vol
946,693
52-wk High
$182.32
52-wk Low
$103.20

Latest Key Developments (Source: Significant Developments)

ADP Reports Qtrly Adjusted Earnings Per Share $1.14
Wednesday, 29 Jul 2020 

July 29 (Reuters) - Automatic Data Processing Inc ::ADP REPORTS FOURTH QUARTER FISCAL 2020 RESULTS.QTRLY REVENUES DECREASED 3% TO $3.4 BILLION.QTRLY EARNINGS PER SHARE $0.96.QTRLY ADJUSTED EARNINGS PER SHARE $1.14.Q4 EARNINGS PER SHARE VIEW $0.96, REVENUE VIEW $3.29 BILLION -- REFINITIV IBES DATA.SEES 2021 REVENUE DECLINE OF 1% TO 4%.SEES 2021 DILUTED EPS DECLINE OF 12% TO 17%.SEES 2021 ADJUSTED DILUTED EPS DECLINE OF 13% TO 18%.SEES 2020 PRE-TAX CHARGES OF ABOUT $77 MILLION RELATED TO TRANSFORMATION INITIATIVES.SEES FISCAL 2021 PRE-TAX CHARGES OF ABOUT $60 MILLION RELATED TO TRANSFORMATION INITIATIVES.SEES 2021 EMPLOYER SERVICES REVENUE DECLINE OF 3% TO 5%.SEES 2021 PEO SERVICES REVENUE DECLINE OF 2% TO GROWTH OF 2%.  Full Article

Automatic Data Processing Authorized To Purchase $5 Billion Of Its Common Stock
Wednesday, 13 Nov 2019 

Nov 12 (Reuters) - Automatic Data Processing Inc ::ADP AUTHORIZED TO PURCHASE $5 BILLION OF ITS COMMON STOCK.AUTOMATIC DATA PROCESSING INC - NEW AUTHORIZATION REPLACES IN ITS ENTIRETY PREVIOUS 2015 AUTHORIZATION TO PURCHASE UP TO 25 MILLION SHARES OF COMMON STOCK.  Full Article

ADP Announces $0.12 Increase In Quarterly Cash Dividend
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - Automatic Data Processing Inc ::ADP INCREASES CASH DIVIDEND; MARKS 45TH CONSECUTIVE YEAR OF DIVIDEND INCREASES.AUTOMATIC DATA PROCESSING INC - $0.12 INCREASE IN QUARTERLY CASH DIVIDEND TO AN ANNUAL RATE OF $3.64 PER SHARE.AUTOMATIC DATA PROCESSING INC - NEW QUARTERLY DIVIDEND RATE OF $0.91 PER SHARE WILL BE DISTRIBUTED ON JANUARY 1.  Full Article

ADP Reports Q1 Earnings Per Share $1.34
Wednesday, 30 Oct 2019 

Oct 30 (Reuters) - Automatic Data Processing Inc ::ADP REPORTS FIRST QUARTER FISCAL 2020 RESULTS.QTRLY REVENUES INCREASED 6% TO $3.5 BILLION.QTRLY EARNINGS PER SHARE $1.34.MAINTAINING FISCAL 2020 GUIDANCE OF 6% TO 8% EMPLOYER SERVICES NEW BUSINESS BOOKINGS GROWTH.MAINTAINING FISCAL 2020 GUIDANCE OF 6% TO 7% CONSOLIDATED REVENUE GROWTH, AND 12% TO 14% ADJUSTED DILUTED EPS GROWTH.AUTOMATIC DATA PROCESSING - IN QUARTER, CORRECTED PRIOR PERIOD AMOUNTS PREVIOUSLY REPORTED ON GROSS BASIS TO NET BASIS WHICH FOR FISCAL 2019 TOTALED $65 MILLION.Q1 EARNINGS PER SHARE VIEW $1.33, REVENUE VIEW $3.52 BILLION -- REFINITIV IBES DATA.QTRLY EMPLOYER SERVICES NEW BUSINESS BOOKINGS GREW 6%.  Full Article

Pershing Square Holdings Exits Investments In United Technologies And ADP
Tuesday, 6 Aug 2019 

Aug 5 (Reuters) - Pershing Square Holdings Ltd ::PERSHING SQUARE HOLDINGS, LTD. EXITS INVESTMENTS IN UNITED TECHNOLOGIES AND ADP.PERSHING SQUARE HOLDINGS LTD - HAS ACQUIRED A NEW INVESTMENT THAT REPRESENTS 12% OF NET ASSET VALUE.PERSHING SQUARE HOLDINGS LTD - HAS EXITED ITS INVESTMENTS IN UNITED TECHNOLOGIES AND ADP AS OF JUNE 10, 2019, AND JULY 31, 2019, RESPECTIVELY.PERSHING SQUARE HOLDINGS - TO PROVIDE FURTHER DETAILS ABOUT INVESTMENTS IN UPCOMING SEMIANNUAL FINANCIAL STATEMENTS.  Full Article

Automatic Data Processing Inc Forecasting Fiscal 2020 Revenue To Increase 6% To 7%
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Automatic Data Processing Inc ::FORECASTING FISCAL 2020 REVENUE TO INCREASE 6% TO 7%.FORECASTING FISCAL 2020 ADJUSTED EBIT MARGIN TO INCREASE 100 TO 125 BASIS POINTS.FORECASTING FISCAL 2020 ADJUSTED DILUTED EPS TO INCREASE 12% TO 14%.QTRLY EARNINGS PER SHARE $ 1.09.AUTOMATIC DATA PROCESSING - QTRLY TOTAL REVENUES $3,498.7 MILLION VERSUS $3,316.2 MILLION.QTRLY ADJUSTED EARNINGS PER SHARE $1.14.AUTOMATIC DATA PROCESSING - IN Q4, IMPLEMENTED A WORKFORCE OPTIMIZATION INITIATIVE TO REDUCE MANAGEMENT LAYERS AND INCREASE SPANS OF CONTROLS..Q4 EARNINGS PER SHARE VIEW $1.13, REVENUE VIEW $3.50 BILLION -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $6.06, REVENUE VIEW $15.13 BILLION -- REFINITIV IBES DATA.  Full Article

Automatic Data Processing Enters $3.8 Billion 364-Day Credit Agreement
Thursday, 13 Jun 2019 

June 13 (Reuters) - Automatic Data Processing Inc ::AUTOMATIC DATA PROCESSING - ENTERED $3.80 BILLION 364-DAY CREDIT AGREEMENT.AUTOMATIC DATA PROCESSING - ALSO ENTERED $2.75 BILLION FIVE-YEAR CREDIT AGREEMENT.AUTOMATIC DATA PROCESSING - 5-YEAR FACILITY CONTAINS ACCORDION FEATURE UNDER WHICH COMMITMENT CAN BE INCREASED TO $3.25 BILLION.AUTOMATIC DATA PROCESSING INC - 364-DAY FACILITY REPLACED COMPANY'S PRIOR $3.80 BILLION 364-DAY FACILITY, ENTERED INTO ON JUNE 13, 2018.AUTOMATIC DATA PROCESSING INC - FIVE-YEAR FACILITY REPLACED COMPANY'S PRIOR $2.25 BILLION FIVE-YEAR FACILITY, ENTERED INTO ON JUNE 14, 2017.AUTOMATIC DATA PROCESSING INC - EXISTING $3.75 BILLION FIVE-YEAR CREDIT AGREEMENT ENTERED INTO ON JUNE 13, 2018 WILL CONTINUE IN FULL FORCE AND EFFECT.AUTOMATIC DATA PROCESSING INC - LENDERS' COMMITMENTS UNDER 364-DAY FACILITY WILL EXPIRE ON JUNE 10, 2020.AUTOMATIC DATA PROCESSING INC - LENDERS' COMMITMENTS UNDER FIVE-YEAR FACILITY WILL EXPIRE AND BORROWINGS THEREUNDER WILL MATURE ON JUNE 12, 2024.  Full Article

ADP Reports Q3 Earnings Per Share Of $1.73
Wednesday, 1 May 2019 

May 1 (Reuters) - Automatic Data Processing Inc ::Q3 EARNINGS PER SHARE $1.73.Q3 ADJUSTED EARNINGS PER SHARE $1.77.SAYS REVENUES INCREASED 4% TO $3.8 BILLION IN THE THIRD QUARTER.RAISING FISCAL 2019 DILUTED EPS GROWTH OUTLOOK TO 22% TO 23%.RAISING 2019 ADJUSTED DILUTED EPS GROWTH OUTLOOK TO 19% TO 20%.Q3 EARNINGS PER SHARE VIEW $1.69, REVENUE VIEW $3.91 BILLION -- REFINITIV IBES DATA.SEES 2019 REVENUE GROWTH OF 6% TO 7%.FY2019 REVENUE VIEW $14.26 BILLION -- REFINITIV IBES DATA.  Full Article

ADP Increases Cash Dividend
Tuesday, 6 Nov 2018 

Nov 6 (Reuters) - Automatic Data Processing Inc ::INCREASES CASH DIVIDEND; MARKS 44TH CONSECUTIVE YEAR OF DIVIDEND INCREASES.SETS QUARTERLY DIVIDEND OF $0.79PER SHARE.  Full Article

BRIEF-Automatic Data Processing - On March 22, 2020, Announced To Its Workforce A One-Time Payment Of $1,000 For Each Associate Of ADP And Its Subsidiaries

* AUTOMATIC DATA PROCESSING - ON MARCH 22, 2020, ANNOUNCED TO ITS WORKFORCE A ONE-TIME PAYMENT OF $1,000 FOR EACH ASSOCIATE OF ADP AND ITS SUBSIDIARIES