Renaissance Technologies LLC Has $131.42 Million Position in Automatic Data Processing, Inc. $ADP

Posted by Stanley Muller on Jul 25th, 2026

Renaissance Technologies LLC raised its stake in Automatic Data Processing, Inc. (NASDAQ:ADP – Free Report) by 1,018.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 646,820 shares of the business services provider’s stock after buying an additional 589,000 shares during the period. Renaissance Technologies LLC’s holdings in Automatic Data Processing were worth $131,421,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp increased its position in Automatic Data Processing by 0.7% during the 4th quarter. State Street Corp now owns 18,940,841 shares of the business services provider’s stock valued at $4,903,769,000 after purchasing an additional 133,039 shares during the period. Geode Capital Management LLC raised its holdings in Automatic Data Processing by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 11,576,572 shares of the business services provider’s stock worth $2,977,777,000 after purchasing an additional 136,876 shares during the last quarter. Capital Research Global Investors lifted its position in shares of Automatic Data Processing by 4.6% in the 4th quarter. Capital Research Global Investors now owns 8,393,607 shares of the business services provider’s stock worth $2,159,088,000 after purchasing an additional 372,413 shares during the period. Wellington Management Group LLP lifted its position in shares of Automatic Data Processing by 8.0% in the 4th quarter. Wellington Management Group LLP now owns 7,374,504 shares of the business services provider’s stock worth $1,896,944,000 after purchasing an additional 544,210 shares during the period. Finally, Cardano Risk Management B.V. boosted its stake in shares of Automatic Data Processing by 950.1% in the 4th quarter. Cardano Risk Management B.V. now owns 3,563,180 shares of the business services provider’s stock valued at $916,557,000 after purchasing an additional 3,223,855 shares during the last quarter. 80.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Automatic Data Processing from $214.00 to $248.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. TD Cowen upped their price target on shares of Automatic Data Processing from $216.00 to $223.00 and gave the company a “hold” rating in a research report on Monday, July 6th. BMO Capital Markets decreased their price target on Automatic Data Processing from $281.00 to $234.00 and set a “market perform” rating for the company in a report on Tuesday, April 7th. Robert W. Baird lowered their price objective on Automatic Data Processing from $300.00 to $270.00 in a research report on Thursday, April 30th. Finally, Guggenheim reissued a “buy” rating and issued a $270.00 price objective on shares of Automatic Data Processing in a research note on Tuesday. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $256.00.

Get Our Latest Stock Report on ADP

Automatic Data Processing Stock Up 3.0%

Automatic Data Processing stock opened at $250.09 on Friday. The company has a market capitalization of $99.97 billion, a PE ratio of 23.33 and a beta of 0.83. Automatic Data Processing, Inc. has a 12-month low of $188.16 and a 12-month high of $315.98. The firm’s fifty day moving average is $231.61 and its 200 day moving average is $224.52. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.63.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The business services provider reported $3.37 EPS for the quarter, topping analysts’ consensus estimates of $3.30 by $0.07. Automatic Data Processing had a net margin of 20.12% and a return on equity of 68.82%. The business had revenue of $5.94 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same period last year, the company posted $3.06 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 11.010-11.110 EPS. As a group, sell-side analysts predict that Automatic Data Processing, Inc. will post 11.08 EPS for the current fiscal year.

Automatic Data Processing Profile

(Free Report)

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.