The board of directors of Roseland-based payroll and human resources firm ADP authorized Tuesday the purchase of an additional 30 million shares of its common stock, CEO Carlos Rodriguez said in a statement.
This new purchase is in addition to the approximately 15.5 million shares remaining to be purchased under previous share repurchase authorizations.
ADP has 481 million outstanding shares as of Aug. 1.
ALSO ON NJBIZ:
Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.View Comment Policy