ADP stock jumps 10% in midday trade on reports of Ackman stake [MarketWatch]
Automatic Data Processing, Inc. (ADP)
Last automatic data processing, inc. earnings: 4/29 06:56 am
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US:NASDAQ Investor Relations:
investors.adp.com
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Source: MarketWatch
ADP stock jumps 10% in midday trade on reports of Ackman stake Shares of Automatic Data Processing Inc. jumped more than 10% in Thursday afternoon trade following a Bloomberg News report that Bill Ackman's Pershing Square Capital Management had taken a stake in payroll company ADP ADP, +12.28% Bloomberg cited people familiar with the matter, indicating that Ackman had recently bought shares in ADP and that he may increase his position. The report didn't specify the size of the activist investor's position. ADP's shares have climbed 13.1% so far this year, compared with a 10.1% year-to-date return for the Dow Jones Industrial Average, a 10.6% rise for the S&P 500 index SPX, -0.48% thus far in 2017, and a 20% surge for the Nasdaq Composite Index COMP, -1.17% over the same period. Ackman has been notably linked to recent bullish bets on Valeant Pharmaceuticals International Inc. VRX, -3.60% which he exited in March after racking up a $4 billion loss on his investment. He is als
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ADP
News
- How to Find Strong Business Services Stocks Slated for Positive Earnings Surprises [Yahoo! Finance]Yahoo! Finance
- Automatic Data Processing: AI Technology And A Strong U.S. Labor Market [Seeking Alpha]Seeking Alpha
- Investors Heavily Search Automatic Data Processing, Inc. (ADP): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Want Better Returns? Don't Ignore These 2 Business Services Stocks Set to Beat Earnings [Yahoo! Finance]Yahoo! Finance
- Automatic Data Processing (ADP) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
ADP
Earnings
- 2/1/24 - Beat
ADP
Sec Filings
- 3/5/24 - Form 4
- 3/5/24 - Form 4
- 3/4/24 - Form 144
- ADP's page on the SEC website