SEC Filings
ADP Spent $758.8 Million On Buybacks In A Quarter Its Equity Fell By Nearly $1 Billion
The payroll company's repurchases roughly doubled to $758.8 million while bond losses cut equity to $5,092.1 million.
Automatic Data Processing (ADP) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
SEC Filings
The payroll company's repurchases roughly doubled to $758.8 million while bond losses cut equity to $5,092.1 million.
Earnings
CEO Maria Black unveiled PNC Payroll by ADP on the call and said the embedded strategy has "more pipeline alongside with it."
Earnings
CFO Peter Hadley said the payroll giant would rather split gains between profit and reinvestment after a first quarter that topped its own plan.
Earnings
The payroll company lifted its revenue and adjusted earnings-per-share growth targets after first-quarter profit outpaced sales.