Automatic Data Processing, Inc. (ADP) has caught the attention of various hedge funds due to its strong performance and impressive dividends. Notably, the company's
short interest has seen substantial growth, indicating heightened investor interest. Several asset management firms, including Twin Tree Management LP and TD Asset Management Inc, have increased their holdings in the stock, underlining its attractiveness.
Positive quarterly earnings have surpassed analysts' expectations, reinforcing optimism about the company's financial health. Furthermore, other investors like Avantax Advisory Services, and Illinois Municipal Retirement Fund have increased their ADP holdings. On the other hand, some stocks such as Quantbot Technologies LP, and Grimes & Company Inc have reduced their stakes. ADP reported a 7% increase in Q1 Fiscal 2024 revenue and boasts of solid financial metrics, leveraging on its AI-driven approaches. Despite these bullish indicators, the company has also had a few underperforming days relative to competitors. Advisory Alpha LLC and Aviance Capital Partners LLC, among others, have raised their ADP stock holdings, anticipating continued robust performance.
Automatic Data Processing ADP News Analytics from Mon, 28 Aug 2023 07:00:00 GMT to Sat, 20 Jul 2024 18:19:18 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 2
