$ADP (Automatic Data Processing Inc)

$ADP {{ '2016-07-28T22:54:18+0000' | timeago}} • Webcast

For FY17, $ADP expects 4-5% revenue growth in the Employer Services segment. Revenue growth for PEO Services is expected to be 14-16%. Total Capex for $ADP is expected to be about $250MM. Adjusted effective tax rate is expected to be 33.3%.

$ADP {{ '2017-10-05T21:53:31+0000' | timeago}} • Announcement

$ADP sends letter to stockholders urging them to vote on the White proxy card to re-elect all of the company's 10 highly qualified and experienced directors at its Nov. 7 Annual Meeting of Stockholders.

$ADP {{ '2017-10-05T15:56:17+0000' | timeago}} • Announcement

$ADP announced the acquisition of Global Cash Card, a player in digital payments, including paycards and other electronic accounts, for undisclosed terms. After integrating Global Cash Card with $ADP's existing paycard offer, the ALINE Card by ADP, $ADP will manage more than 4MM accounts on a single platform.

$ADP {{ '2017-09-14T16:37:34+0000' | timeago}} • Webcast

$ADP sent a letter to stockholders urging them to vote the White proxy card For all of its highly qualified 10 director nominees in connection with its upcoming Annual Meeting to be held on Nov. 7, 2017. Stockholders of record as of Sept. 8, 2017 will be entitled to vote at the Annual Meeting.

$HCKT {{ '2017-08-21T19:25:34+0000' | timeago}} • Announcement

Consulting firm $HCKT has expanded a strategic partnership with $ADP to give ADP customers access to its various services. The offerings of Hackett will help users of ADP’s ‘Workforce Now’ improve HCM performance and monitor the efficiency of their HR operations. ADP will also provide customers customized intellectual property from Hackett.

$ADP {{ '2017-08-08T13:00:41+0000' | timeago}} • Announcement

$ADP issued statement regarding Pershing Square Capital Management's nomination of 3 candidates to its BoD at the 2017 Annual Meeting. $ADP said the committee will evaluate the nominees to assess their ability to add value on the Board for the benefit of all ADP shareholders. Morgan Stanley is acting as financial advisor to $ADP.

$ADP {{ '2017-08-07T20:27:31+0000' | timeago}} • Announcement

Pershing Square Capital Management, L.P. has proposed three directors for election to the BoD of $ADP. Pershing Square's nominees, who will be proposed at $ADP's forthcoming annual meeting of shareholders, are Bill Ackman, Veronica M. Hagen and V. Paul Unruh. Ms. Hagen and Mr. Unruh are independent and have no affiliation with Pershing Square.

$ADP {{ '2017-08-01T18:01:16+0000' | timeago}} • Announcement

$ADP has declared a regular quarterly dividend of 57 cents per share. The dividend is payable on October 1, 2017, to shareholders of record on September 8, 2017.

$ADP {{ '2017-07-19T13:59:14+0000' | timeago}} • Announcement

$ADP released the ADP Workforce Vitality Report which stated that overall wage growth increased by 2.3% YoY across all industries in 2Q17 and is higher than the 1.8% growth in wages reported by the US Bureau of Labor Statistics. Job holders' wages grew by 4.4% and job switchers' wages grew slightly less by 3.4% YoY in 2Q17.

$ADP {{ '2017-07-17T17:06:46+0000' | timeago}} • Announcement

Infor said it is collaborating with $ADP to offer new value added services and best-practice processes to Infor's U.S. Human Capital Management (HCM) customers. $ADP integration offers flexible solution to help reduce costs and lift compliance for Infor HCM customers.

$ADP {{ '2017-05-03T18:02:17+0000' | timeago}} • Webcast

$ADP stated that its long-term expectation for organic growth is 79% driven by growth of new business bookings in the range of 8-10%.

$ADP {{ '2017-05-03T17:46:38+0000' | timeago}} • Webcast

$ADP said the lowered bookings guidance for FY17 from flat (as earlier predicted) to down 5-7% is possibly due to slowdown in decision making process. It added that economy is not a contributing factor to this as their downmarket operations remained robust during 3Q17.

$ADP {{ '2017-05-03T11:56:11+0000' | timeago}} • Announcement

$ADP still sees FY17 Employer Services segment revenue growth of about 3-4% and margin expansion of 25-50 basis points. $ADP still expects pays per control to increase 2.5% for the year. For the PEO Services segment, $ADP continues to anticipate about 13% revenue growth and margin expansion of at least 100 basis points.

$ADP {{ '2017-05-03T11:56:00+0000' | timeago}} • Announcement

$ADP lowered FY17 adjusted effective tax rate outlook to 31.4% from 32.4%, reflecting the tax benefits received in 3Q. $ADP now sees 2017 EPS from continuing operations growth of 17-18% and adjusted EPS growth of 13-14%. The forecast still assumes FY17 share repurchases of $1.2-1.4Bil funded by existing balance sheet cash.

$ADP {{ '2017-05-03T11:55:45+0000' | timeago}} • Announcement

$ADP now assumes FY17 worldwide new business bookings to decrease 5-7% when compared to the $1.75Bil sold in FY16, compared to the prior forecast of about flat. $ADP still sees 2017 revenue growth of about 6% which includes about 1 point of pressure from the disposition of CHSA and COBRA businesses, and impacts from foreign currency.

$ADP {{ '2017-05-03T11:55:29+0000' | timeago}} • Announcement

$ADP reported a rise in 3Q17 earnings driven by strong new business bookings performance on robust demand for Affordable Care Act solutions as well as higher revenue. Net income rose to $587.9MM or $1.31 per share from $532.5MM or $1.17 per share last year. Revenue grew to $3.41Bil from $3.25Bil.

$ADP {{ '2017-04-05T18:15:31+0000' | timeago}} • Announcement

The BoD of $ADP has declared a regular quarterly dividend of 57 cents per share, payable July 1, 2017 to shareholders as on June 9, 2017.

$HQY {{ '2017-03-28T13:31:19+0000' | timeago}} • Announcement

$HQY appointed Bill Otten as EVP of Sales, and Gary Robinson as EVP and Chief Marketing Officer. Most recently, Otten was division VP of sales for the Value Added Services of $ADP. Most recently, Robinson was EVP of sales and business development for HealthTap, Inc.

$ADP {{ '2017-02-01T16:01:55+0000' | timeago}} • Webcast

In terms of ADP Mobile Solutions application, $ADP announced the number of users has surpassed the 10MM mark. The company said its mobile solutions app is the most downloaded app in the Human Capital Management (HCM) market with users spanning 200 countries.

$ADP {{ '2017-02-01T16:01:21+0000' | timeago}} • Webcast

During 2Q17, $ADP experienced a decline of 5% in new business bookings compared to a strong 2Q16. This decline reflects a continued difficult grow-over related to the tailwinds from FY16 sales of additional modules related to the Affordable Care Act.

$ADP {{ '2017-02-01T13:52:23+0000' | timeago}} • Announcement

On Jan. 2017, $ADP acquired The Marcus Buckingham Company, Inc. for total cash consideration at closing of approximately $70MM, and contingent consideration of up to $35MM, which is payable over the next three years, subject to the achievement of specified financial metrics and/or other conditions.

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