Two activist hedge funds have built small stakes in Automatic Data Processing Inc., adding pressure to the payroll-processing firm as it tries to jump-start growth. The two investors, D.E. Shaw Group and Sachem Head Capital Management, haven’t decided whether they would try to push for changes at the company, according to people familiar with the matter, but they have met separately with ADP’s management and are closely tracking its performance. ADP earlier this month increased its revenue forecast for its fiscal year, which...

Source: Wall Street Journal May 15, 2018 19:12 UTC