Aberdeen Group plc Sells 15,320 Shares of Automatic Data Processing, Inc. $ADP

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Aberdeen Group plc decreased its stake in Automatic Data Processing, Inc. (ADP) by 4.0% in the fourth quarter, selling 15,320 shares and now owning 367,423 shares valued at $94.51 million. Despite this sale, ADP announced a $6.0 billion share buyback program and a $1.70 quarterly dividend, while institutional investors collectively own 80.03% of the stock. The company reported strong Q4 earnings, beating estimates with an EPS of $2.62, and analysts maintain a “Hold” rating with an average target price of $284.77.

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