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Automatic Data Processing : PERSHING SQUARE SAYS ADP MUST STREAMLINE

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08/18/2017 | 07:11am CEST

Billionaire activist investor William Ackman yesterday said Automatic Data Processing's stock price could double in the next five years if the human resources outsourcing company cuts costs, streamlines its business and invests in technology upgrades. Ackman's hedge fund Pershing Square Capital Management owns 8.3 per cent of the $50bn (£39bn) company and he is asking for board seats for himself plus two independent directors and considering pushing the board to make leadership changes. "The person who will fix this is the chief executive officer," Ackman said on a conference call which marked his first public discussion of the investment. He ended with suggestions that Carlos Rodriguez, ADP's boss of six years, is the wrong man for the job.

(c) 2017 City A.M., source Newspaper

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Financials ($)
Sales 2018 13 065 M
EBIT 2018 2 503 M
Net income 2018 1 693 M
Finance 2018 752 M
Yield 2018 2,28%
P/E ratio 2018 27,34
P/E ratio 2019 24,55
EV / Sales 2018 3,49x
EV / Sales 2019 3,27x
Capitalization 46 397 M
Chart AUTOMATIC DATA PROCESSING
Duration : Period :
Automatic Data Processing Technical Analysis Chart | ADP | US0530151036 | 4-Traders
Technical analysis trends AUTOMATIC DATA PROCESSING
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 106 $
Spread / Average Target 2,0%
EPS Revisions
Managers
NameTitle
Carlos A. Rodriguez President, Chief Executive Officer & Director
John P. Jones Non-Executive Chairman
Jan Siegmund Chief Financial Officer & Vice President
Stuart Sackman Vice President-Global Product & Technology
Robert Glenn Hubbard Independent Director
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