ADP is currently trading around 27x 2015 earnings estimates, which is very expensive despite the improvement in unemployment numbers. Fund managers and investors may be keeping a close eye on this stock, but may not be chasing it at current levels.
Mutual Funds to Watch
Investors interested in ADP may be interested in the funds listed below. These funds currently hold the largest stakes in the company.
For investors looking to add mutual funds to their portfolio, they need to...
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