ADP Shares Gained as ClearBridge Cited Revenue and Earnings Growth
ClearBridge’s Dividend Strategy named ADP a top contributor, citing revenue growth, client retention and stronger new-business bookings.
Key takeaways
- ClearBridge said ADP was a top contributor in the third quarter.
- The firm cited revenue growth, client retention, pricing and new-business bookings.
Automatic Data Processing shares advanced in the third quarter, making the company a top contributor to ClearBridge Investments’ Dividend Strategy, according to the fund’s Q3 2026 letter.
ClearBridge said solid revenue and adjusted earnings growth supported the shares. It also cited strong client retention, pricing and new-business bookings.
The strategy said margin expansion and a supportive fiscal 2027 outlook strengthened its confidence in continued earnings growth. It also said it had bought ADP shares earlier in the year, viewing concerns about AI disruption as overblown.
This article was produced with the help of AI technology. Source: Yahoo Finance
