Amundi 13F: Adds $147M to Automatic Data Processing (ADP) Stake

Amundi Boosts Position in ADP

Amundi has increased its stake in Automatic Data Processing, Inc. (ADP) by 658,932 shares, bringing its total holdings to 3,034,002 shares valued at approximately $674.9 million. This increase represents a 27.7% rise from the previous position of 2,375,070 shares, as reported in the latest Form 13F filing with the SEC, reflecting holdings as of May 18, 2026.

Institutional Activity

In the same reporting period, other institutional investors made notable adjustments to their positions in ADP. California State Teachers Retirement System trimmed its stake by more than 15,000 shares, which indicates some caution among investors. Meanwhile, Mitsubishi Ufj Asset Management significantly reduced its holdings by 65%, now holding approximately 1.02 million shares. These moves showcase a mix of strategies among large holders in the payroll services sector.

How Automatic Data Processing, Inc. Stock Has Traded

ADP shares are currently trading at $222.46, a considerable drop from the previous close of $271.22. This price is also well below its 52-week high of $294.35, suggesting that the stock has faced some challenges in the market recently. The current price is near the lower end of its range, which could influence investor sentiment going forward.

Analysts Set New Price Targets

On August 5, 2026, Cantor Fitzgerald reiterated its Overweight rating on ADP with a price target of $310. Earlier on August 3, they maintained the same rating with a slightly lower target of $295. Other firms like Citigroup and Morgan Stanley have also adjusted their targets, with Citigroup maintaining a Neutral rating and a target of $287, while Morgan Stanley set its target at $286. The consensus among analysts suggests a hold recommendation, with a mean price target of $287.60 based on 15 analyst opinions.

What Automatic Data Processing, Inc. Does

Automatic Data Processing, Inc. is a leading provider of cloud-based human capital management solutions. The company operates in two segments: Employer Services and Professional Employer Organization (PEO), offering a range of services that help businesses manage payroll and human resources effectively. Amundi's decision to increase its stake reflects confidence in the company's ongoing operations despite recent market fluctuations.

What’s Next for ADP?

Looking ahead, investors will be watching ADP closely as it prepares for its next earnings report on October 28, 2026. The recent Form 13F filing highlights institutional activity that may influence market dynamics. As always, keep in mind that these filings reflect past holdings and may not represent current positions.