ADP Keeps Moving Forward After a Transformational Year
Automatic Data Processing (NASDAQ: ADP) announced fiscal fourth-quarter 2019 results early Wednesday, highlighting the progress of its ongoing business-transformation initiatives and continued investments in its suite of HR-centric software solutions.
Shares in initially jumped 4% on the news to touch a fresh all-time high but ended the week by pulling back modestly along with the broader markets, on escalating concerns over trade and a potential macroeconomic slowdown.
Let's dig deeper, then, to better understand what ADP accomplished over the past few months, as well as what investors can expect as it kicks off the new fiscal year.
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