Lido Advisors 13F: Cuts ADP Stake by $3.3M

Lido Advisors has reduced its position in Automatic Data Processing, Inc. (NasdaqGS: ADP) by 14,713 shares. This cut represents a 25.5% reduction, leaving the fund with 42,928 shares valued at approximately $9.62 million. The data comes from the latest Form 13F filing with the SEC, reflecting holdings as of the reporting period.

What Changed in Lido Advisors' ADP Position

Lido Advisors trimmed its stake in ADP from 57,641 shares to 42,928 shares, a decrease of 14,713 shares or 25.5%. The current holding is valued at about $9.62 million. This reduction indicates a strategic move by the fund in its investment portfolio.

Other Institutional Activity in ADP

Several other funds also adjusted their positions in ADP. BlackRock, Inc. reduced its holdings by 1,043,872 shares, now holding 35,499,016 shares worth approximately $7.21 billion. Vanguard Capital Management LLC added 26,150,698 shares, bringing its total to the same number, valued at $5.31 billion. State Street Corp increased its position by 385,962 shares, holding 19,326,803 shares worth about $3.96 billion. Meanwhile, Geode Capital Management added 416,634 shares, resulting in a total of 11,993,206 shares valued at $2.44 billion.

Automatic Data Processing, Inc. Stock Down 21.5%

Shares of ADP traded near $224.10. The company boasts a market cap of roughly $90.4 billion and a P/E ratio of 21.1. ADP's stock has seen a 52-week low of $188.16 and a high of $315.98. Its 50-day moving average is $212.00, while the 200-day moving average stands at $245.03. The company maintains a current ratio of 1.043 and a debt-to-equity ratio of 69.259.

Recent Earnings

ADP reported revenue of approximately $21.6 billion, reflecting a 7% growth. The company's net margin stands at 20.1%, with a return on equity of 71.2%. Earnings per share reached $10.72. The next earnings report is expected on April 29, 2026.

Dividend

ADP offers an annual dividend rate of $6.80, yielding 3.01%. The dividend payout ratio is 60.45%, providing a steady income stream for investors.

Insider Buying and Selling at Automatic Data Processing, Inc.

Executive VP Brian Michaud sold 848 shares on May 8, 2026, at an average price of $212.13 under a planned transaction. On May 7, 2026, Robert Holmes Swan bought 3,619 shares at $206.05. Corporate VP Christopher D'Ambrosio executed multiple planned sales earlier in the year.

Analysts Set New Price Targets

On May 5, 2026, Argus Research maintained a 'buy' rating with a $240 price target. UBS and TD Cowen both reiterated 'hold' ratings with targets of $218 and $216, respectively, on April 30, 2026. The consensus rating for ADP remains 'hold', with a mean target price of $246.80 across 15 analysts.

About ADP

Automatic Data Processing, Inc. (ADP) provides cloud-based human capital management solutions globally. It operates through two segments: Employer Services and Professional Employer Organization (PEO). The company offers platforms for payroll, HR, and compliance services, catering to small and large businesses. ADP is headquartered in Roseland, New Jersey, and led by CEO Maria Black. With a workforce of 67,000 employees, ADP has been a leader in its industry since 1949.

Bottom Line

Lido Advisors' decision to reduce its stake in ADP by 25.5% is a notable adjustment in its investment strategy. Investors often track these filings to gauge institutional sentiment, though it's important to remember that 13F filings represent past positions. ADP remains a significant player in the technology sector, with diverse institutional and analyst interest.