Automatic Data Processing, Inc. (ADP) stock prices updated...
 

Automatic Data Processing, Inc. stock price

Automatic Data Processing, Inc. latest news:


  • 11/14/2017 15:55:20

    Bill Ackman's Pershing Square builds up major stake in ADP

    Bill Ackman's Pershing Square Capital Management built up its position in Automatic Data Processing Inc. to 8.8 million shares at the end of September from 179,394 three months earlier as part of Ackman's failed proxy battle. Earlier this month, shareholders of ADP sided with the management and rejected the hedge-fund manager's attempt to secure three seats on the board. Pershing, however, trimmed its stake in Restaurant Brands International to 26.5 million shares versus 39.2 million at the end of June and cut its holding in Mondelez International Inc. to 13.93 million versus 14.5 million shares previously. The hedge fund's positions in other companies, including Chipotle Mexican Grill Inc. , were mostly unchanged. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 11/14/2017 15:44:36

    BRIEF-Pershing Square Capital Management raises sole share stake in ADP, dissolves in Nomad Foods

    Pershing Square Capital Management: * Pershing Square Capital Management raises sole share stake in Automatic Data Processing Inc (ADP) to 8.8 million shares from 1.8 million shares - SEC Filing‍​. * Pershing Square Capital Management dissolves sole share stake in Nomad Foods (NOMD) - SEC Filing​. * Pershing Square Capital Management - change in holdings are as of Sept 30, 2017 and compared with the p...

  • 11/07/2017 12:30:08

    Billionaire investor Ackman loses bitter ADP proxy battle

    ROSELAND, N.J. (Reuters) - William Ackman got what Automatic Data Processing Inc's chief executive called an "ass-whipping" on Tuesday as the activist hedge fund manager lost an acrimonious fight to win seats on the payroll company's board.

  • 11/07/2017 12:13:16

    UPDATE 3-Billionaire investor Ackman loses bitter ADP proxy battle

    ROSELAND, N.J., Nov 7 (Reuters) - William Ackman got what Automatic Data Processing Inc's chief executive called an "ass-whipping" on Tuesday as the activist hedge fund manager lost an acrimonious fight to win seats on the payroll company's board.

  • 11/07/2017 11:19:35

    Ackman's Pershing Square loses bitter ADP proxy battle

    ROSELAND, N.J. (Reuters) - Activist hedge fund manager William Ackman lost his bid on Tuesday to win seats on the board of Automatic Data Processing Inc after a hostile, months-long proxy contest...

  • 10/31/2017 11:30:33

    ADP, ISS reject Ackman's claims they exchanged non-public data

    (Reuters) - Automatic Data Processing Inc rejected as "false and misleading" on Tuesday the accusation by billionaire investor William Ackman that the company gave proxy adviser Institutional Shareholder Services non-publicly disclosed information.

  • 10/30/2017 15:23:25

    Ackman says ADP provided 'misleading' claims to ISS: filing

    BOSTON (Reuters) - Billionaire investor William Ackman on Monday accused Automatic Data Processing Inc of providing misleading and incorrect claims to Institutional Shareholder Services and asked the proxy advisory firm to reconsider its shareholder recommendations.

  • 10/30/2017 13:03:44

    Ackman says ADP provided 'misleading' data to ISS: filing

    BOSTON (Reuters) - Billionaire investor William Ackman on Monday accused Automatic Data Processing of providing misleading and incorrect data to Institutional Shareholder Services and asked the proxy...

  • 10/30/2017 13:02:38

    UPDATE 1-Ackman says ADP provided 'misleading' data to ISS -filing

    BOSTON, Oct 30 (Reuters) - Billionaire investor William Ackman on Monday accused Automatic Data Processing of providing misleading and incorrect data to Institutional Shareholder Services and asked the proxy advising firm to reconsider its recommendations.

  • 10/30/2017 12:37:46

    Ackman says ADP provided 'misleading' data to ISS -filing

    BOSTON, Oct 30 (Reuters) - Billionaire investor William Ackman on Monday accused Automatic Data Processing of having provided misleading and incorrect data to Institutional Shareholder Services and asked the proxy advising firm to reconsider its recommendations.

  • 10/25/2017 20:32:50

    UPDATE 1-Ackman says his plan will not slash jobs as ADP CEO claims

    BOSTON, Oct 25 (Reuters) - Billionaire investor William Ackman on Wednesday said that Automatic Data Processing Inc will probably employ more people if management listens to his plans for beefing up the company's earnings and product offerings.

  • 10/25/2017 19:04:08

    Ackman says his plan will not slash jobs as ADP CEO claims

    BOSTON, Oct 25 (Reuters) - Billionaire investor William Ackman on Wednesday said that Automatic Data Processing Inc will probably employ more people if management listens to his plans for beefing up the company's earnings and product offerings.

  • 10/25/2017 18:31:46

    Proxy firm ISS supports ADP management but recommends Ackman to board

    BOSTON (Reuters) - Proxy advisory firm ISS on Wednesday recommended that shareholders largely vote for directors recommended by the board of Automatic Data Processing Inc, but also supported the...

  • 10/25/2017 15:34:47

    Proxy firm ISS largely throws weight behind ADP in proxy battle with Ackman

    Proxy advisory firm ISS on Wednesday threw its weight behind the board of Automatic Data Processing Inc (ADP), recommending that shareholders largely vote for management's directors instead of the slate proposed by activist hedge fund manager William Ackman.

  • 10/25/2017 15:34:29

    UPDATE 1-Proxy firm ISS largely throws weight behind ADP in proxy battle with Ackman

    BOSTON, Oct 25 (Reuters) - Proxy advisory firm ISS on Wednesday threw its weight behind the board of Automatic Data Processing Inc, recommending that shareholders largely vote for management's directors instead of the slate proposed by activist hedge fund manager William Ackman.

  • 10/23/2017 12:21:03

    Glass Lewis recommends ADP investors vote for Ackman's slate

    BOSTON (Reuters) - Proxy advisory firm Glass Lewis recommended on Monday that Automatic Data Processing Inc shareholders vote for all three dissident directors proposed by activist investor Bill...

  • 10/19/2017 20:11:32

    Ackman urges ADP to consider acquiring Ceridian amid proxy fight

    BOSTON (Reuters) - Activist investor William Ackman, currently battling for board seats at Automatic Data Processing Inc , on Thursday said the human resource software company should buy rival...

  • 10/18/2017 17:54:07

    ADP is already making changes Ackman wants: CEO

    NEW YORK (Reuters) - Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday.

  • 10/18/2017 17:50:53

    ADP is already making changes Ackman wants -CEO

    NEW YORK, Oct 18 (Reuters) - Automatic Data Processing Inc is already making many of the changes activist shareholder William Ackman is advocating, but it will take time to see results, Chief Executive Officer Carlos Rodriguez said in an interview on Wednesday.

  • 10/18/2017 06:43:46

    ADP urges shareholders to re-elect board, reject Bill Ackman's nominees

    Automatic Data Processing Inc. on Wednesday urged shareholders to re-elect its "highly qualified" board at its annual shareholder meeting scheduled for Nov. 7. The company released a video of Chief Executive Carols Rodriguez and Chairman John Jones outlining the company's transformation and the execution of its strategy. The company said Bill Ackman's hedge fund Pershing Square, which has built a 2% stake in the company and is seeking changes including up to 30% of board seats, has "no technology or human capital management experience, both of which are critical to the future of ADP. Mr. Ackman also has not articulated any specific plans for how he would achieve the massive margin increases he has targeted," the company said in a statement. ADP shares have gained 10% in 2017, while the S&P 500 has gained 14%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 10/17/2017 19:02:07

    Ackman, ADP board nominees to discuss plans for company Thursday

    (Reuters) - Activist investor William Ackman's dissident director candidates for board seats at Automatic Data Processing Inc will answer questions about their plans for the company on Thursday ahead of November's proxy vote.

  • 10/10/2017 19:49:06

    Ackman reaches out to ADP retail investors, softens image

    BOSTON (Reuters) - Billionaire investor William Ackman took his fight for board seats at Automatic Data Processing Inc to retail investors on Tuesday in an unusually public format where he detailed his successes and failures and urged all to cast their votes.

  • 09/22/2017 16:03:00

    UPDATE 1-ADP rejects Ackman's request to use universal proxy card

    Sept 22 (Reuters) - Automatic Data Processing Inc rejected billionaire hedge fund manager William Ackman's request to use a universal proxy card during the human resources outsourcing company's annual shareholder meeting.

  • 09/20/2017 16:16:59

    Ackman targets retail investors in ADP proxy contest

    BOSTON (Reuters) - Billionaire hedge fund manager William Ackman, whose firm owns an 8.3 percent stake in Automatic Data Processing Inc , is turning up the heat in his proxy war for the human...

  • 09/20/2017 11:46:25

    UPDATE 1-Ackman asks ADP's retail investors to back him in new video

    BOSTON, Sept 20 (Reuters) - Billionaire hedge fund manager William Ackman on Wednesday spoke to Main Street stockholders, asking this less affluent but hugely influential group to help him win a proxy contest at human resources outsourcing company Automatic Data Processing Inc.

  • 09/20/2017 11:04:08

    Bill Ackman believes ADP is ignoring competitive threats

    Bill Ackman, founder of Pershing Square Capital Management, on Wednesday warned that Automatic Data Processing Inc. is at risk of becoming like IBM Corp. and again pressured the payrolls services company to work with him to boost shareholder value. "I'm not saying ADP is IBM today, but it is at risk of becoming IBM if they don't take seriously the competitive threats they face and if they don't run their businesses as efficiently as they can," Ackman said during an interview on CNBC. IBM, once an undisputable technology leader, has continued to see its revenue dwindle in recent year. The hedge-fund manager also criticized ADP for "not hitting on all cylinders" and growing as it had in the past. Ackman's comments follow the disclosure of a letter in which Pershing took its case to restructure ADP directly to its shareholders. Pershing has invested $2.3 billion in ADP and has proposed three nominees to the board. Shares of ADP slid 0.6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/21/2017 14:48:05

    ADP rejects new board candidates, Ackman fires back

    Aug 21 (Reuters) - Automatic Data Processing Inc on Monday rejected billionaire investor William Ackman's three proposed board candidates, sparking more criticism from the hedge fund manager who is trying to shake up the human resources outsourcing firm.

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