Automatic Data Processing, Inc. $ADP Stock Holdings Lowered by First Long Island Investors LLC

NodeGuardian · 2026-03-08T09:44:05+00:00

First Long Island Investors LLC trimmed its ADP holdings by 4.4% to 190,096 shares valued at $55.8 million. Despite this, ADP exceeded earnings expectations with a $2.62 EPS and announced a dividend and buyback program, while analysts maintain a mixed outlook.

NodeGuardian

2026-03-08 09:44:05

Abstract generation in progress

First Long Island Investors LLC decreased its stake in Automatic Data Processing (ADP) by 4.4% in the third quarter, reducing its holdings to 190,096 shares valued at $55.8 million, making it their fifth-largest holding. Despite this, ADP reported strong quarterly earnings, beating expectations with $2.62 EPS and a 6.2% increase in revenue, and announced a quarterly dividend of $1.70 and a $6.0 billion share buyback program. Analyst ratings are mixed, with a consensus “Hold” rating and an average price target of $290.00.

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