Automatic Data Processing, Inc. $ADP Shares Purchased by Mitchell Capital Management Co.

NodeGuardian · 2026-02-22T14:33:37+00:00

Mitchell Capital Management Co. raised its ADP stake by 325%, owning 6,800 shares valued at $1.996 million. Institutional investors now hold 80% of ADP stock. Despite earnings beats, analysts cut price targets, maintaining a "Hold" rating, while the company approved a $6 billion buyback and a $1.70 dividend.

NodeGuardian

2026-02-22 14:33:37

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Mitchell Capital Management Co. significantly increased its stake in Automatic Data Processing (ADP) by 325% in Q3, now owning 6,800 shares worth $1.996 million. Other institutions also boosted their positions, resulting in institutional investors holding about 80% of ADP stock. Despite ADP beating Q3 earnings estimates, several analysts cut price targets, and the stock maintains a consensus “Hold” rating with an average target of $290. The company’s board approved a $6.00 billion share buyback program and declared a quarterly dividend of $1.70 per share.

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