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flag ADP beats Q1 earnings estimates, raises dividend, as major investor slightly reduces holdings.

flag Sequoia Financial Advisors LLC reduced its holdings in Automatic Data Processing (ADP) by 2.0% in Q1, selling 205 shares. flag ADP reported Q1 earnings of $3.06 per share, beating estimates by $0.09, with revenue at $5.55 billion, surpassing projections. flag The company recently announced a quarterly dividend of $1.54 per share, payable on July 1st. flag ADP provides cloud-based human capital management solutions. flag Institutional investors hold 80.03% of ADP's stock.

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