Amundi 13F: Adds $148M to Automatic Data Processing (ADP) Stake

Amundi Expands Holdings in ADP

Institutional investor Amundi added to its investment in Automatic Data Processing, Inc. (ADP) during the reporting period, according to a Form 13F filing with the SEC. The filing reflects holdings as of that date and may not represent the firm's current position today. Amundi picked up 658,932 more shares of the payroll software provider, pushing its total ownership up by 27.7% from the previous quarter.

Inside the Investor's Share Increase

With this purchase, Amundi finished the period holding 3,034,002 shares of Automatic Data Processing. The newly added block of shares brought the total value of the fund's stake to approximately $679.9 million based on the reported cost basis. This notable addition builds on a series of portfolio moves by the asset manager across different sectors.

Stock Performance and Recent Trading Levels

Shares of Automatic Data Processing trade on the NasdaqGS under the ticker ADP. The stock recently changed hands around $224.10, sitting below its 50-day moving average of $268.96 while moving within a 52-week range spanning from $188.16 to $294.35.

Analysts Set New Price Targets

Wall Street research firms have active coverage on the payroll giant. On July 22, 2026, UBS maintained a neutral rating with a $270.00 price target. Several firms updated their views on July 30, 2026, including Citigroup maintaining a neutral rating with a $287.00 price target, Morgan Stanley keeping an equal-weight rating with a $286.00 target, Stifel holding its ground with a $285.00 target, Wells Fargo maintaining an equal-weight rating with a $283.00 target, and Guggenheim keeping a buy rating and a $300.00 target. Later, Cantor Fitzgerald maintained an overweight rating on August 3, 2026, with a $310.00 price target, and reiterated that same rating on August 5, 2026. The stock currently holds a consensus rating of hold from 15 analysts, accompanied by a mean price target of $287.60.

Behind the Business Operations

Automatic Data Processing, Inc. delivers cloud-based human capital management software and HR outsourcing services to clients around the globe. Operating through employer services and professional employer organization segments, the company assists businesses of all sizes with payroll processing, benefits administration, compliance, and talent management.

What to Watch Moving Forward

Investors tracking institutional interest in the company will await subsequent regulatory filings to see whether major funds continue adjusting their positions. Automatic Data Processing is scheduled to release its next financial results on October 28, 2026, which will provide updated metrics on revenue growth and operational performance.