Camrose Capital Investment Partners LLP increased its stake in Automatic Data Processing (NASDAQ:ADP) by 11.1% in the third quarter, holding 137,372 shares valued at $40.32 million. Other institutional investors like Mitsubishi UFJ also boosted their holdings, with institutional ownership now at 80.03%. Despite several analysts reducing price targets, ADP reported strong quarterly earnings, beating estimates with $2.62 EPS and $5.36 billion in revenue, and announced a $1.70 quarterly dividend along with a $6.00 billion share buyback program.
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Automatic Data Processing, Inc. $ADP Stock Position Increased by Camrose Capital Investment Partners LLP
Camrose Capital Investment Partners LLP increased its stake in Automatic Data Processing (NASDAQ:ADP) by 11.1% in the third quarter, holding 137,372 shares valued at $40.32 million. Other institutional investors like Mitsubishi UFJ also boosted their holdings, with institutional ownership now at 80.03%. Despite several analysts reducing price targets, ADP reported strong quarterly earnings, beating estimates with $2.62 EPS and $5.36 billion in revenue, and announced a $1.70 quarterly dividend along with a $6.00 billion share buyback program.