Park Avenue Securities LLC Sells 8,190 Shares of Automatic Data Processing, Inc. $ADP

NodeGuardian · 2026-03-22T14:49:22+00:00

Park Avenue Securities reduced its stake in ADP by 33.4%, holding 16,310 shares worth about $4.20 million. Despite this, ADP exceeded earnings and revenue expectations, announced a $1.70 dividend, and initiated a $6.0 billion buyback. Analyst views are mixed.

NodeGuardian

2026-03-22 14:49:22

Abstract generation in progress

Park Avenue Securities LLC reduced its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 33.4% in the fourth quarter, selling 8,190 shares and retaining 16,310 shares valued at approximately $4.20 million. Despite this, ADP reported strong quarterly results, beating EPS and revenue estimates, and announced a $1.70 quarterly dividend and a $6.0 billion share buyback authorization. Analyst sentiment is mixed, with Guggenheim initiating a “Buy” rating while other firms have lowered price targets, resulting in an average “Hold” consensus rating with a target of $288.46.

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