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ADP beats earnings estimates, adjusts stake ownership amid growing institutional interest.
Segment Wealth Management LLC slightly reduced its stake in Automatic Data Processing (ADP), while other institutional investors increased theirs.
ADP beat earnings estimates with $2.33 EPS and reported a 7.1% revenue increase to $4.83 billion.
The company declared a $1.54 quarterly dividend, set to be paid on April 1st.
ADP has a market cap of $120.68 billion and a debt-to-equity ratio of 0.56.
Despite insider sales, institutional interest in ADP has grown.
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El ADP supera las estimaciones de ingresos, ajusta la propiedad de las acciones en medio de un creciente interés institucional.