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Roseland Today
By the People, for the People
CIBC Bancorp USA Inc. Takes Position in Automatic Data Processing, Inc.
The fund bought 75,693 shares of the business services provider's stock, valued at approximately $22,216,000.
Mar. 19, 2026 at 8:24am
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CIBC Bancorp USA Inc. bought a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 75,693 shares of the business services provider's stock, valued at approximately $22,216,000.
Why it matters
Automatic Data Processing is a major provider of cloud-based human capital management and payroll solutions, serving employers of all sizes. CIBC Bancorp USA Inc.'s investment in the company reflects its belief in ADP's growth potential and market position.
The details
CIBC Bancorp USA Inc. bought 75,693 shares of Automatic Data Processing, Inc. (NASDAQ:ADP) during the 3rd quarter. The shares were valued at approximately $22,216,000. This represents a new position for the fund in the business services provider.
- CIBC Bancorp USA Inc. bought the shares during the 3rd quarter.
The players
CIBC Bancorp USA Inc.
A financial services company that bought a new position in Automatic Data Processing, Inc.
Automatic Data Processing, Inc.
A global provider of cloud-based human capital management and payroll solutions.
The takeaway
CIBC Bancorp USA Inc.'s investment in Automatic Data Processing, Inc. signals the fund's confidence in the business services provider's growth prospects and market leadership in the human capital management and payroll solutions industry.
