Automatic Data Processing Stock Holdings Lowered by First Long Island Investors

Institutional investor reduces stake in payroll processing company

Published on Mar. 2, 2026

Got story updates? Submit your updates here. ›

First Long Island Investors LLC, an institutional investor, reduced its stake in Automatic Data Processing, Inc. (ADP) by 4.4% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 190,096 shares of the business services provider's stock, valued at $55.8 million.

Why it matters

As a major institutional investor, First Long Island Investors' decision to reduce its position in ADP could signal broader market sentiment around the company's stock performance and outlook. Institutional ownership changes are closely watched by analysts and investors as they can impact a stock's price and trading volume.

The details

According to the 13F filing, First Long Island Investors sold 8,652 shares of ADP during the third quarter. The firm's total holdings in ADP now represent about 4.1% of its investment portfolio, making it the 5th largest holding. ADP's stock has seen volatility in recent months, with shares trading between $203.26 and $329.93 over the past 52 weeks.

  • First Long Island Investors reduced its ADP stake in the third quarter of 2026.

The players

First Long Island Investors LLC

An institutional investment firm that manages a portfolio of stocks, bonds, and other assets on behalf of its clients.

Automatic Data Processing, Inc. (ADP)

A leading provider of cloud-based human capital management and payroll solutions for businesses of all sizes.

Got photos? Submit your photos here. ›

The takeaway

The reduction in First Long Island Investors' ADP holdings could signal broader market concerns about the company's stock performance and outlook, though the reasons behind the firm's decision are not entirely clear. Investors will likely continue to monitor institutional ownership changes and other market signals around ADP as they assess the company's long-term prospects.