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ADP purchases additional 30M shares of stock

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The board of directors of Roseland-based payroll and human resources firm ADP authorized Tuesday the purchase of an additional 30 million shares of its common stock, CEO Carlos Rodriguez said in a statement.

RELATED: ADP declares quarterly dividend

This new purchase is in addition to the approximately 15.5 million shares remaining to be purchased under previous share repurchase authorizations.

ADP has 481 million outstanding shares as of Aug. 1.

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Emily Bader

Emily Bader

Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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