Long-Term Returns of Bill Ackman’s 5 Activist Targets

2. Automatic Data Processing, Inc. (NASDAQ:ADP)

Activist Investment: 2017
Long-Term Returns Since Ackman’s Investment: 23.94%
S&P 500 Gain Since Ackman’s Investment: 14.88%

Automatic Data Processing, Inc. (NASDAQ:ADP) offers cloud-based human capital management solutions on a global scale. Its Employer Services segment offers strategic cloud-based platforms and human resource outsourcing.

Activist investor Ackman started building a position in the company in 2017  and started a proxy fight for board seats.

The hedge fund manager wanted Automatic Data Processing, Inc. (NASDAQ:ADP) to cut its bureaucracy, consolidate real estate holdings, enhance technology use, and boost earnings. He also sought three seats on the board. His activism yielded some fruits as the stock price appreciated a year later, resulting in the investor trimming some of his stakes from 8.3% to 7.2%.

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