Automatic Data Processing Inc. (ADP)

Index:

Nasdaq 100

$ 321.65
   
  • Change Today:
    $-0.98
  • 52 Week High: $323.21
  • 52 Week Low: $233.44
  • Currency: US Dollars
  • Shares Issued: 408.10m
  • Volume: 1,273,688
  • Market Cap: $131,265m
  • RiskGrade: 104

Bill Ackman builds 8% stake in ADP

By Alexander Bueso

Date: Friday 04 Aug 2017

LONDON (ShareCast) - (ShareCast News) - Billionaire hedge-fund activist investor Bill Ackman has amassed a sizeable minority stake in payrolls processing company ADP.
According to reports, Ackman's Pershing Square Capital had already built up an 8% stake in his target via derivatives.

The news followed a 1 August demand from the investor for ADP to extend a 10 August deadline for nominating board members, in order for him to nominate himself and four others to the firm's board which had been duly rebuffed by ADP.

Ackman had reportedly also asked for the head of ADP's chief executive officer, a demand that had also been rejected.

As of 1252 BST shares in ADP were higher by 2.885 at $114.99.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

ADP Market Data

Currency US Dollars
Share Price $ 321.65
Change Today $ -0.98
% Change -0.30 %
52 Week High $323.21
52 Week Low $233.44
Volume 1,273,688
Shares Issued 408.10m
Market Cap $131,265m
RiskGrade 104

What The Brokers Say

Strong Buy 1
Buy 2
Neutral 10
Sell 3
Strong Sell 0
Total 16
neutral
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Trades for 22-May-2025

Time Volume / Share Price
16:00 234,644 @ $321.65
15:59 139 @ $321.59
15:59 200 @ $321.60
15:59 500 @ $321.61
15:59 127 @ $321.64

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