Laurel Wealth Advisors LLC Has $4.43 Million Stake in Automatic Data Processing, Inc. $ADP

NodeGuardian · 2026-03-06T19:19:50+00:00

Laurel Wealth Advisors sharply cut its Automatic Data Processing stake by 99.7%, holding 15,079 shares worth $4.43 million. Despite this, other hedge funds increased their investments. ADP announced a $6 billion buyback and a $1.70 dividend, with analysts maintaining a "Hold" rating and a $290 target price.

NodeGuardian

2026-03-06 19:19:50

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Laurel Wealth Advisors LLC significantly reduced its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 99.7% in the third quarter, now holding 15,079 shares valued at $4.43 million. Other hedge funds, however, increased their positions in ADP. The company recently announced a $6 billion stock buyback program and a quarterly dividend of $1.70 per share, while analysts have a “Hold” consensus rating with a target price of $290.00.

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