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Ackman's Pershing Square exited ADP and UTX investments -source [Reuters]
Last automatic data processing, inc. earnings: 4/29 06:56 am
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Ackman's Pershing Square exited ADP and UTX investments: source - Reuters 1 Min Read BOSTON (Reuters) - William Ackman’s Pershing Square Capital Management has sold its positions in Automatic Data Processing ( ADP.O ) and United Technologies ( UTX.N ) and built a new position in a company whose name has not been disclosed, a source familiar with the matter said on Monday. Ackman announced the exit from ADP in a letter sent to clients and seen by Reuters on Monday. He said investors earned a 51% return, including dividends, on the investment, which was made roughly two years ago. Pershing Square made $1.2 billion on its investment. Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Ackman's Pershing Square exited ADP and UTX investments: source BOSTON (Reuters) - William Ackman’s Pershing Square Capital Management has sold its positi
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- ADP to Present at Upcoming Investor Conferences[PR Newswire]
- Economic Moats: Switching Costs And The Network Effect [Seeking Alpha][Seeking Alpha]
- Automatic Data Processing, Inc. (NASDAQ:ADP) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates [Yahoo! Finance][Yahoo! Finance]
- Automatic Data Processing, Inc. (NASDAQ: ADP) had its price target lowered by analysts at TD Cowen from $253.00 to $251.00. They now have a "hold" rating on the stock.[MarketBeat]
- Automatic Data Processing, Inc. (NASDAQ: ADP) had its price target lowered by analysts at JPMorgan Chase & Co. from $254.00 to $250.00. They now have an "underweight" rating on the stock.[MarketBeat]
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