Argent Trust Co Boosts Stake in Automatic Data Processing

Institutional investor increases holdings in business services provider by nearly 14%

Published on Feb. 28, 2026

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Argent Trust Co, an institutional investor, has increased its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 13.9% during the third quarter, according to a recent SEC filing. The firm now owns 46,024 shares of the business services provider's stock, valued at $13.5 million.

Why it matters

Automatic Data Processing is a major player in the payroll processing and HR services industry, serving businesses of all sizes. Institutional investors closely monitor the company's performance and ownership changes can signal broader market sentiment.

The details

Argent Trust Co purchased an additional 5,615 shares of Automatic Data Processing, bringing its total holdings to 46,024 shares. The institutional investor cited the company's strong market position and growth potential as reasons for increasing its stake.

  • Argent Trust Co disclosed the stake increase in a filing with the SEC for the third quarter of the fiscal year.

The players

Argent Trust Co

An institutional investor that manages assets for clients.

Automatic Data Processing, Inc.

A leading provider of cloud-based human capital management and payroll solutions.

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The takeaway

The increased stake by Argent Trust Co in Automatic Data Processing reflects the institutional investor's confidence in the company's long-term growth prospects within the HR services industry.