ROSELAND, N.J., Aug. 5, 2014 (GLOBE NEWSWIRE) -- The board of directors of ADP, (Nasdaq:ADP) authorized the purchase of an additional 30 million shares of its common stock, Carlos Rodriguez, chief executive officer, announced today.
This is in addition to the approximately 15.5 million shares remaining to be purchased under previous share repurchase authorizations resulting in a total authorization of approximately 45 million shares. ADP currently has approximately 481 million common shares outstanding as of August 1, 2014.
With more than $12 billion in revenues and 65 years of experience, ADP® (Nasdaq:ADP) serves approximately 637,000 clients in more than 125 countries. As one of the world's largest providers of business outsourcing and Human Capital Management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA). ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP, visit the company's Web site at www.ADP.com.