Rockefeller Capital Management L.P. Reduces $2M in Automatic Data Processing, Inc. ($ADP)
Key Points
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Rockefeller Capital Management L.P. trimmed its position in Automatic Data Processing, Inc. ($ADP) by 2.91% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 251,242 shares of Automatic Data Processing, Inc. after selling 7,543 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Automatic Data Processing, Inc. were worth $55.89 million as of its most recent filing.
Automatic Data Processing, Inc. Stock Down 22.6%
Shares of Automatic Data Processing, Inc. ($ADP) traded around $222.46 on Saturday, down 22.6% for the day.
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About Automatic Data Processing, Inc.
Automatic Data Processing, Inc. provides cloud-based human capital management (HCM) solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions. This segment's offerings include RUN Powered by ADP, a software platform for small business payroll, HR, and compliance; ADP Workforce Now, a HCM solution used across mid-sized and large businesses to manage employees; and ADP Lyric HCM, a solution for HR management, payroll, workforce management, talent, and data analytics. Its PEO Services segment provides HR outsourcing solutions under ADP TotalSource name to businesses through a co-employment model. This segment also provides guidance, user-friendly technology, comprehensive employee benefits, and a risk management, safety, and workers' compensation program. The company was founded in 1949 and is headquartered in Roseland, New Jersey.
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