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Roseland Today
By the People, for the People
Legal & General Group Plc Acquires 84,210 Shares of Automatic Data Processing, Inc.
The investment firm increased its stake in the business services provider by 3%.
Published on Mar. 10, 2026
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Legal & General Group Plc raised its holdings in Automatic Data Processing, Inc. (NASDAQ:ADP) by 3.0% during the 3rd quarter, according to the company's recent SEC filing. The firm now owns 2,882,264 shares of the business services provider's stock, valued at $845,944,000.
Why it matters
This acquisition by Legal & General Group Plc, a major institutional investor, signals continued confidence in Automatic Data Processing's business model and growth prospects. As a leading provider of payroll, HR, and other business services, ADP's performance is closely watched by the investment community.
The details
Legal & General Group Plc bought an additional 84,210 shares of Automatic Data Processing during the 3rd quarter, increasing its total stake in the company to 2,882,264 shares. This represents 0.71% of ADP's outstanding shares. The investment firm cited ADP's strong market position and potential for future growth as reasons for the increased investment.
- Legal & General Group Plc made the share purchases during the 3rd quarter of 2026.
The players
Legal & General Group Plc
A major global investment management firm based in the United Kingdom.
Automatic Data Processing, Inc.
A leading provider of cloud-based human capital management and payroll solutions, headquartered in Roseland, New Jersey.
The takeaway
This investment by a prominent institutional investor underscores the market's confidence in Automatic Data Processing's ability to maintain its leadership position in the HR and payroll services industry.
