Boltwood Capital Management increased its stake in Automatic Data Processing, Inc. ( NASDAQ:ADP – Get Rating ) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,771 shares of the business services provider's stock after buying an additional 96 shares during the quarter. Boltwood Capital Management's holdings in Automatic Data Processing were worth $1,062,000 as of its most recent SEC filing. Other institutional investors also recently bought and sold shares of the company.

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