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Automatic Data Processing, Inc. (NASDAQ:ADP) reveals various finanical firms increasing or reducing stakes in ADP. RFG Advisory LLC, Running Oak Capital LLC, Farmers Trust Co., Nomura Holdings Inc., and GAMMA Investing LLC, among others, have expanded their shares. In contrast, Connectus Wealth LLC, Petredis Investment Advisors LLC, Comerica Bank, and Shell Asset Management Co. have lessened their positions. As of recent reports, Vanguard Group Inc. bought a significant amount of ADP shares, and the company ownership is highly dominated by institutional owners up to 82%. In terms of performance, ADP shares have seen impressive returns over the past five years with a 73% increase. Furthermore, ADP's Q3 earnings for 2024 surpassed expectations, resulting in a stock price rise. However, despite this promising performance, some analysts suggest ADP may be overpriced and have downgraded the stock rating.
ADP's dividends are noteworthy, and it continues to pay steady yields. Finally, the company rings NASDAQ opening bell, celebrating 75 years of innovation in payroll and HR systems.
Automatic Data Processing ADP News Analytics from Mon, 28 Aug 2023 07:00:00 GMT to Sun, 23 Jun 2024 14:47:56 GMT -
Rating 6
- Innovation 4
- Information 7
- Rumor 0
