Institutional Investors Accumulate Stake in Automatic Data Processing
What happened
During the second quarter, several institutional investors purchased new stakes in Automatic Data Processing, Inc. These purchases included Bank of America Corp DE, Deutsche Bank AG, Bank of New York Mellon Corp, Legal & General Group Plc, and BlackRock Inc. Sanders Morris Harris LLC also acquired a new stake during the third quarter, valued at approximately $590,000.
From tickerreport.com
Why it matters
The accumulation of shares by major funds indicates significant institutional confidence in Automatic Data Processing. Institutional investors and hedge funds currently own 80.03% of the company’s stock, and the firm has a market capitalization of $111.08 billion.
From tickerreport.com
Who's involved
- Automatic Data ProcessingAmerican human resources management software company
- Maria BlackCEO of Automatic Data Processing
- NasdaqAmerican fully electronic stock exchange where Automatic Data Processing trades
Keep exploring
The entities involved
-
Automatic Data Processing
American human resources management software company
Nothing else this week.
-
Maria Black
CEO of ADP
Nothing else this week.
-
Nasdaq
American fully electronic stock exchange
Related events
- Arrive AI traded on the Nasdaq stock exchange, with its performance covered by financial blog MarketBeat.
- City Holding Co. traded on the Nasdaq stock exchange today.
- MultiSensor AI was listed on the Nasdaq stock exchange.
- PureCycle Technologies, Inc. traded on the Nasdaq stock exchange, and a director purchased company stock.
- Immunic, Inc. has been trading on the Nasdaq stock exchange since August 1, 2026.