AUTOMATIC DATA PROCESSING INC
At today's price, AUTOMATIC DATA PROCESSING INC (ADP) is priced for +7.7% growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• ADP runs payroll and human-capital software for hundreds of thousands of employers, a deeply embedded, recurring-revenue franchise that earns an extraordinary return on equity, above 65%, because the business needs very little capital to run. • A hidden second engine is the float: ADP holds client payroll money briefly before it is paid out and earns interest on it, which makes a slice of its earnings sensitive to interest rates and to how many people its clients employ. • Watch employment tre
Is ADP overvalued? See what's priced in →
2,208 institutional managers reported holding ADP in 13F filings for the quarter ended 2026-03-31. Together they hold about 84% of the company; the top 10 hold 40%. 150 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 16.0M shares were sold short as of the 2026-06-15 count, about 4% of shares outstanding (6.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ADP has cut its share count 4.7% over the past five years, spending $7.07B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 17 years straight; the current rate is $6.02 a share annually. Cash returned over the past three years: $6.53B in dividends and $3.98B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at ADP over the trailing three years. Absence is a fact about the company, not a signal. 27 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ADP's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-02 | +2.1% | +1.0% |
| 2023-11-03 | -9.0% | +7.3% |
| 2024-02-02 | +3.6% | -1.6% |
| 2024-05-03 | +0.1% | -2.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ADP's latest 8-K filings: 2026-06-26 (items 1.01, 2.03, 9.01); 2026-05-07 (items 1.01, 8.01, 9.01); 2026-04-29 (items 2.02, 9.01); 2026-01-28 (items 2.02, 9.01); 2025-11-17 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 3, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.