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Allianz SE increased its stake in ADP to 80.03% as the company reported strong quarterly earnings.
Allianz SE bought more shares of Automatic Data Processing Inc. (ADP), increasing its ownership to 80.03%.
ADP reported better-than-expected quarterly earnings of $2.35 per share and has a dividend yield of 2.05%.
Some company insiders have sold shares recently, but overall, institutional investors are showing confidence in ADP's financial performance and outlook.
ADP offers cloud-based HR solutions and operates in two segments: Employer Services and Professional Employer Organization.
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Allianz SE aumentó su participación en ADP a 80,03%, ya que la compañía reportó fuertes ganancias trimestrales.