Victory Capital Management Inc. reduced its position in Automatic Data Processing, Inc. ( NASDAQ:ADP – Free Report ) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 381,615 shares of the business services provider's stock after selling 28,055 shares during the quarter. Victory Capital Management Inc. owned about 0.09% of Automatic Data Processing worth $84,959,000 at the end of the most recent reporting period. Several other hedge funds have also recently added to or reduced their stakes in ADP.

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