Truist Financial Corp Has $86.29 Million Stock Holdings in Automatic Data Processing, Inc. $ADP

Truist Financial Corp trimmed its position in Automatic Data Processing, Inc. (NASDAQ:ADP) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 294,003 shares of the business services provider’s stock after selling 8,328 shares during the quarter. Truist Financial Corp owned approximately 0.07% of Automatic Data Processing worth $86,290,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ADP. Laurel Wealth Advisors LLC boosted its position in shares of Automatic Data Processing by 30,110.7% during the second quarter. Laurel Wealth Advisors LLC now owns 4,668,758 shares of the business services provider’s stock worth $1,439,845,000 after purchasing an additional 4,653,304 shares in the last quarter. Norges Bank acquired a new stake in shares of Automatic Data Processing in the second quarter valued at approximately $696,841,000. Amundi increased its stake in Automatic Data Processing by 24.9% in the 2nd quarter. Amundi now owns 3,109,120 shares of the business services provider’s stock valued at $948,549,000 after buying an additional 619,829 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Automatic Data Processing by 26.6% in the second quarter. JPMorgan Chase & Co. now owns 2,812,637 shares of the business services provider’s stock valued at $867,445,000 after acquiring an additional 591,800 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Automatic Data Processing by 13.5% in the second quarter. Invesco Ltd. now owns 4,576,681 shares of the business services provider’s stock valued at $1,411,449,000 after purchasing an additional 544,968 shares in the last quarter. Institutional investors and hedge funds own 80.03% of the company’s stock.

More Automatic Data Processing News

Here are the key news stories impacting Automatic Data Processing this week:

• Positive Sentiment: Q2 results topped estimates — EPS $2.62 vs. $2.58 and revenue up ~6.2% year-over-year; ADP said demand for payroll/HR services remains steady, and it nudged up parts of its outlook. ADP lifts annual revenue forecast on demand for payroll services
• Positive Sentiment: Cantor Fitzgerald initiated coverage with an “overweight” rating and $306 price target, signaling institutional optimism and ~22% upside to the cited target. Cantor Fitzgerald initiates coverage of Automatic Data Processing (ADP) with overweight recommendation
• Positive Sentiment: Management is advancing product innovation — ADP launched new AI “Assist” agents aimed at automating HR and payroll tasks, which could expand stickiness and long-term margins. ADP® Accelerates AI Leadership with Launch of New AI Agents Designed to Solve Workforce Challenges
• Positive Sentiment: Corporate actions: management recently authorized a sizable share-repurchase program (~$6B), which supports EPS and could be a catalyst as buybacks are deployed. 3 Large Cap Stocks Announce Big Buyback Boosts Amid +20% Falls (ADP)
• Neutral Sentiment: Earnings call and filings are available (transcript/slides) for deeper detail on segment trends and margin drivers; these materials will shape analyst revisions. Automatic Data Processing, Inc. (ADP) Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Reported short-interest data in the feed is anomalous (zeros/NaN) and provides no actionable signal on current positioning. Short interest data (anomalous)
• Negative Sentiment: Valuation and macro concerns: at least one analyst note argues ADP remains expensive given macro headwinds (slower hiring), a key demand risk since ADP’s revenue is tied to payroll counts. Automatic Data Processing: Still Expensive Given Macro Headwinds
• Negative Sentiment: Guidance nuance: FY EPS range published sits near but slightly around consensus — some investors may view the guidance band and commentary as conservative relative to expectations, prompting profit-taking. ADP Reports Second Quarter Fiscal 2026 Results

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Citigroup started coverage on shares of Automatic Data Processing in a report on Thursday, October 23rd. They set a “neutral” rating and a $303.00 target price on the stock. Jefferies Financial Group restated an “underperform” rating and set a $230.00 price objective (down from $245.00) on shares of Automatic Data Processing in a research note on Tuesday, December 16th. Wells Fargo & Company cut their target price on shares of Automatic Data Processing from $288.00 to $272.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. Cantor Fitzgerald assumed coverage on Automatic Data Processing in a research report on Tuesday. They set an “overweight” rating and a $306.00 price target on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Automatic Data Processing in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Automatic Data Processing has a consensus rating of “Hold” and a consensus target price of $306.38.

Insiders Place Their Bets

In other news, VP Christopher D’ambrosio sold 543 shares of Automatic Data Processing stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $262.29, for a total value of $142,423.47. Following the transaction, the vice president owned 9,998 shares in the company, valued at approximately $2,622,375.42. This trade represents a 5.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP David Kwon sold 806 shares of the business’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $264.80, for a total value of $213,428.80. Following the transaction, the vice president directly owned 11,187 shares of the company’s stock, valued at $2,962,317.60. This trade represents a 6.72% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 2,249 shares of company stock worth $589,852. Company insiders own 0.20% of the company’s stock.

Automatic Data Processing Trading Down 1.5%

Shares of NASDAQ:ADP opened at $250.69 on Thursday. The business’s 50 day simple moving average is $258.55 and its 200 day simple moving average is $278.55. Automatic Data Processing, Inc. has a 1 year low of $247.18 and a 1 year high of $329.93. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market capitalization of $101.39 billion, a P/E ratio of 24.75 and a beta of 0.86.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, January 28th. The business services provider reported $2.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.05. The company had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.34 billion. Automatic Data Processing had a return on equity of 70.63% and a net margin of 19.79%.Automatic Data Processing’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.35 EPS. Automatic Data Processing has set its FY 2026 guidance at 10.091-11.011 EPS. On average, research analysts anticipate that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be paid a dividend of $1.70 per share. The ex-dividend date is Friday, March 13th. This represents a $6.80 annualized dividend and a yield of 2.7%. Automatic Data Processing’s dividend payout ratio is presently 67.13%.

Automatic Data Processing announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 14th that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 5.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Automatic Data Processing Profile

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.