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ADP beats Q1 earnings estimates, raises dividend, as major investor slightly reduces holdings.
Sequoia Financial Advisors LLC reduced its holdings in Automatic Data Processing (ADP) by 2.0% in Q1, selling 205 shares.
ADP reported Q1 earnings of $3.06 per share, beating estimates by $0.09, with revenue at $5.55 billion, surpassing projections.
The company recently announced a quarterly dividend of $1.54 per share, payable on July 1st.
ADP provides cloud-based human capital management solutions.
Institutional investors hold 80.03% of ADP's stock.
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ADP supera las estimaciones de ganancias del primer trimestre, aumenta el dividendo, ya que los principales inversores reducen ligeramente sus participaciones.