StateAlpha Investing's video: Pershing Square Bill Ackman ADP Webcast FULL Presentation 2017

Bill Ackman pitches his idea for ADP on August 17th 2017 ADP Share Price: $107.80 / share Subscribe for more YouTube videos. About Pershing Square Capital Management: Pershing Square Capital Management is an activist hedge fund management company founded and run by Bill Ackman located at 888 7th Avenue in New York. About ADP: Automatic Data Processing, Inc. (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of human resources (HR) business process outsourcing and technology-enabled HCM solutions. These offerings include payroll services, benefits administration, talent management, HR management, time and attendance management, insurance services, retirement services, and tax and compliance services. ADP TotalSource, ADP's PEO business, offers small and mid-sized businesses a HR outsourcing solution through a co-employment model. As a PEO, ADP TotalSource provides HR management services while the client continues to direct the day-to-day job-related duties of the employees.