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flag Allianz SE increased its stake in ADP to 80.03% as the company reported strong quarterly earnings.

flag Allianz SE bought more shares of Automatic Data Processing Inc. (ADP), increasing its ownership to 80.03%. flag ADP reported better-than-expected quarterly earnings of $2.35 per share and has a dividend yield of 2.05%. flag Some company insiders have sold shares recently, but overall, institutional investors are showing confidence in ADP's financial performance and outlook. flag ADP offers cloud-based HR solutions and operates in two segments: Employer Services and Professional Employer Organization.

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