Cullinan Associates Inc. cut its stake in Automatic Data Processing, Inc. ( NASDAQ:ADP – Get Rating ) by 3.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,672 shares of the business services provider's stock after selling 1,041 shares during the quarter. Cullinan Associates Inc.'s holdings in Automatic Data Processing were worth $6,606,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also made changes to their positions in the company.

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