Trexquant Investment 13F: Adds $37M to ADP Stake
Trexquant Investment raised its holdings in Automatic Data Processing, Inc. by 268.2%, bringing its total stake to 230,705 shares in a filing covering the period up to May 15, 2026.
Reviewed by automated data checks against the source filing. How we make and check alerts
Trexquant Investment added 168,047 shares to its stake in Automatic Data Processing, Inc. ($ADP), a 268.20% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 230,705 shares worth $51.32 million at the end of the quarter.
Since the filing, $ADP is up 5.0% after 1 week, up 4.9% after 1 month and up 36.6% to date (from the $211.51 close on May 15, 2026).
Find the original: Trexquant Investment 13F filings on SEC EDGAR
ADP
Automatic Data Processing, Inc.
Key Points
- Trexquant Investment boosted its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by a 268.2% increase, adding 168,047 shares to reach a total of 230,705 shares worth about $51.3 million according to a May 15, 2026 regulatory filing.
- The stock traded around $222.46 ahead of the report, sitting below its 50-day moving average of $268.96 while carrying a forward P/E ratio of 20.1.
- Wall Street analysts currently maintain a hold consensus on the company, with firms like Cantor Fitzgerald reiterating an overweight rating and a $310 price target on August 5, 2026.
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Trexquant Investment Boosts ADP Stake
Trexquant Investment expanded its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP), adding 168,047 shares during the period. The addition marked a 268.2% increase from the prior quarter, bringing the fund's total position to 230,705 shares. The reported value of the stake stood at approximately $51.3 million. Institutional 13F filings submitted to the SEC provide a backward-looking view of holdings and may not reflect current trading activity.
ADP Stock Performance and Valuation
Shares of Automatic Data Processing traded near $222.46. The stock's 50-day moving average sits at $268.96, while its 200-day moving average is $237.93. The company trades at a P/E ratio of 24.7 and a forward P/E ratio of 20.1. Its 52-week trading range spans from a low of $188.16 to a high of $294.35.
Recent Earnings
Automatic Data Processing generated $21.9 billion in revenue over the trailing period, reflecting a revenue growth rate of 6.8%. The company posted earnings of $10.93 per share alongside a net margin of 20.1% and a return on equity of 72.2%. The next quarterly earnings report is scheduled for October 28, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 target cuts vs 1 raises.
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EPS & revenue
EPS beat estimates by 1.7%. Revenue beat estimates by 0.5%.
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Profit surprise
EBITDA met by 1 percent. Operating income met by 1 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 target raise, 3 target cuts.
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Earnings quality
Gross margin down 3.4 points. Operating margin up 0.7 points. Positive free cash flow.
Earnings Call Summary
ADP delivered solid first quarter results with 7 percent revenue growth and 7 percent adjusted earnings per share growth. Employer services bookings accelerated, with strong momentum in ADP Lyric HCM and Workforce Now Next-Gen capturing 80 percent of new mid-market sales. Pays per control rounded to zero percent as clients remained cautious about hiring. PEO revenue grew 7 percent, beating expectations, while the company made strategic progress with the Pequity compensation management acquisition and continued expansion of embedded payroll partnerships with Fiserv.
Guidance ADP reaffirmed its full year revenue growth of 5 to 6 percent and adjusted earnings per share growth of 8 to 10 percent. The company expects employer services revenue to grow 5 to 6 percent for the year, with flat pays per control. PEO revenue is expected to grow 5 to 7 percent, with worksite employee growth of 2 to 3 percent. Client funds interest revenue was raised by 10 million dollars to 1.30 to 1.32 billion dollars.
Clearly negative report. The company missed important expectations and likely triggers downward revisions.
Dividend Profile
The company pays an annual dividend rate of $6.80 per share, yielding 2.5% based on recent trading levels. Its dividend payout ratio stands at 60.7% of earnings.
Analysts Set New Price Targets
Analyst coverage includes several rating updates following recent reports. On August 5, 2026, Cantor Fitzgerald reiterated its overweight rating on the stock with a $310.00 price target. Earlier on August 3, 2026, Cantor Fitzgerald maintained an overweight rating while lifting its target to $310.00 from $295.00. On July 30, 2026, Citigroup maintained a neutral rating and raised its target to $287.00 from $230.00. Morgan Stanley maintained an equal-weight rating on July 30, 2026, and moved its target to $286.00 from $240.00. Stifel also maintained a hold rating on July 30, 2026, with a target of $285.00.
Human Capital Management Solutions
Automatic Data Processing provides cloud-based human capital management software and services to businesses worldwide. Its offerings include payroll processing, talent management, human resources outsourcing, and compliance support through platforms like RUN Powered by ADP and ADP Workforce Now. The firm operates through employer services and professional employer organization segments, serving clients ranging from small local shops to large multinational enterprises.
What's Ahead for Automatic Data Processing, Inc.
Investors tracking Trexquant Investment will gain further clarity on portfolio shifts when subsequent quarterly 13F filings are released. Market participants are also watching the company's upcoming earnings release slated for late October for additional insights into operational performance.
Related Filing Alerts
Source: Trexquant Investment's 13F filing on $ADP (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Trexquant Investment 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts