Edition:
India

Automatic Data Processing Inc (ADP.OQ)

ADP.OQ on NASDAQ Stock Exchange Global Select Market

166.46USD
19 Jul 2019
Change (% chg)

$-1.31 (-0.78%)
Prev Close
$167.77
Open
$168.67
Day's High
$168.94
Day's Low
$166.37
Volume
636,002
Avg. Vol
710,466
52-wk High
$170.45
52-wk Low
$121.40

Latest Key Developments (Source: Significant Developments)

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

Pershing Square Capital Reports 4.9 Pct Stake In Automatic Data Processing
Saturday, 18 Aug 2018 

Aug 17 (Reuters) - Pershing Square Capital Management::PERSHING SQUARE CAPITAL MANAGEMENT REPORTS A 4.9 PERCENT STAKE IN AUTOMATIC DATA PROCESSING AS OF AUG 16 - SEC FILING.PERSHING SQUARE CAPITAL MANAGEMENT HAD PREVIOUSLY REPORTED A 5.6 PERCENT STAKE IN AUTOMATIC DATA PROCESSING AS OF JUNE 25 - SEC FILING.  Full Article

Pershing Square Capital Management Reports 7.2 Percent Stake In Automatic Data Processing Inc
Wednesday, 14 Mar 2018 

March 13 (Reuters) - Automatic Data Processing Inc ::PERSHING SQUARE CAPITAL MANAGEMENT, L.P. REPORTS 7.2 PERCENT STAKE IN AUTOMATIC DATA PROCESSING INC AS OF MARCH 12, 2018 - SEC FILING.PERSHING SQUARE CAPITAL MANAGEMENT - SOLD 5 MILLION SHARES OF ADP'S COMMON STOCK, AMERICAN-STYLE CALL OPTIONS FOR PORTFOLIO MANAGEMENT PURPOSES.PERSHING SQUARE CAPITAL MANAGEMENT, L.P. HAD PREVIOSULY REPORTED 8.3 PERCENT STAKE IN AUTOMATIC DATA PROCESSING INC AS OF SEPT 15, 2017 - SEC FILING.  Full Article

ADP Offers Voluntary Early Retirement Program To Certain U.S.-Based Associates
Thursday, 1 Mar 2018 

March 1 (Reuters) - Automatic Data Processing Inc ::AUTOMATIC DATA PROCESSING - OFFERING VOLUNTARY EARLY RETIREMENT PROGRAM TO SOME ELIGIBLE U.S.-BASED ASSOCIATES AGED 55/ABOVE WITH 10 YRS SERVICE.AUTOMATIC DATA PROCESSING - VOLUNTARY EARLY RETIREMENT PROGRAM PROGRAM EXCLUDES SENIOR EXECUTIVE OFFICERS, SOME OTHER KEY LEADERS.AUTOMATIC DATA PROCESSING SAYS EARLY RETIREMENT OFFER HAS BEEN MADE TO ABOUT 3,500 ELIGIBLE ASSOCIATES, OR ABOUT 6 PERCENT OF WORKFORCE - SEC FILING.AUTOMATIC DATA PROCESSING - EXPECTS VOLUNTARY EARLY RETIREMENT PROGRAM TO HELP REDUCE PRE-TAX OPERATING EXPENSES STARTING IN EARLY FISCAL 2019.AUTOMATIC DATA PROCESSING - ‍ASSUMING 35% OF ASSOCIATES PARTICIPATES IN PROGRAM, CO EXPECTS TO RECOGNIZE SPECIAL TERMINATION BENEFIT PRE-TAX CHARGES.ADP - ‍INTENDS TO FUND SIGNIFICANT MAJORITY OF EARLY RETIREMENT ​PROGRAM COSTS FROM EXISTING SURPLUS IN CO'S U.S. DEFINED BENEFIT PLAN.AUTOMATIC DATA PROCESSING - EXPECTS WHEN VOLUNTARY EARLY RETIREMENT PROGRAM BEEN FULLY EXECUTED, ANNUALIZED PRE-TAX SAVINGS OF ABOUT $125 MILLION.ADP - CO EXPECTS TO RECOGNIZE CERTAIN SPECIAL TERMINATION BENEFIT PRE-TAX CHARGES OF ABOUT $250 MILLION, BEGINNING IN FISCAL Q4 2018​.AUTOMATIC DATA PROCESSING INC - CO ANTICIPATES RECORDING A NON-CASH SETTLEMENT CHARGE AS PART OF VOLUNTARY EARLY RETIREMENT PROGRAM​.  Full Article

Pershing Square Capital Management raises sole share stake in ADP, dissolves in Nomad Foods
Wednesday, 15 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

Photo

French parliament adopts proposals for privatizations and ADP stake sale

PARIS French lawmakers adopted on Thursday a government bill aimed at kickstarting a wave of privatizations, including a sale of the state's stake in airports group ADP, to raise cash for a new innovation fund. | Video