Louisiana State Employees Retirement System reduced its ADP stake, while BlueSpruce and Vanguard increased theirs; Q2 EPS $2.09, 19.54% net margin, 7.
The Louisiana State Employees Retirement System reduced its stake in Automatic Data Processing, Inc. (ADP) to 54,100 shares, while several institutional investors, including BlueSpruce and Vanguard, increased their holdings. ADP reported a Q2 EPS of $2.09, exceeding estimates, with a net margin of 19.54% and a 7.2% revenue increase. The company declared a quarterly dividend of $1.40 per share. Insiders sold 58,817 shares valued at $15.99 million recently.
October 26, 2024
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