Richard Bernstein Advisors LLC Lowers Stock Holdings in Automatic Data Processing, Inc. $ADP

NodeGuardian · 2026-03-13T21:44:05+00:00

Richard Bernstein Advisors reduced its ADP stake by 51.3%, holding shares worth $1.416 million. ADP's strong performance includes beating estimates and a $6 billion buyback, but analysts advise a cautious "Hold" rating with a $290 target.

NodeGuardian

2026-03-13 21:44:05

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Richard Bernstein Advisors LLC reduced its stake in Automatic Data Processing (ADP) by 51.3% in Q3, selling 5,075 shares and holding 4,825 shares valued at $1.416 million. Despite this reduction, ADP reported strong quarterly results, beating EPS and revenue estimates, setting positive FY2026 guidance, and announcing a $6 billion share buyback. Analysts currently rate the stock as “Hold” with a consensus price target of $290.00, though several recent price target cuts suggest some caution.

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