- Today
- Holidays
- Birthdays
- Reminders
- Cities
- Atlanta
- Austin
- Baltimore
- Berwyn
- Beverly Hills
- Birmingham
- Boston
- Brooklyn
- Buffalo
- Charlotte
- Chicago
- Cincinnati
- Cleveland
- Columbus
- Dallas
- Denver
- Detroit
- Fort Worth
- Houston
- Indianapolis
- Knoxville
- Las Vegas
- Los Angeles
- Louisville
- Madison
- Memphis
- Miami
- Milwaukee
- Minneapolis
- Nashville
- New Orleans
- New York
- Omaha
- Orlando
- Philadelphia
- Phoenix
- Pittsburgh
- Portland
- Raleigh
- Richmond
- Rutherford
- Sacramento
- Salt Lake City
- San Antonio
- San Diego
- San Francisco
- San Jose
- Seattle
- Tampa
- Tucson
- Washington
Roseland Today
By the People, for the People
Magnetar Financial LLC Acquires 5,462 Shares of Automatic Data Processing
The investment firm added to its position in the business services provider in the third quarter.
Mar. 13, 2026 at 10:05am
Got story updates? Submit your updates here. ›
Magnetar Financial LLC acquired a new position in Automatic Data Processing, Inc. (NASDAQ:ADP) in the third quarter, according to the company's most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,462 shares of the business services provider's stock, valued at approximately $1,603,000.
Why it matters
Automatic Data Processing is a leading provider of cloud-based human capital management and payroll solutions, serving businesses of all sizes. The acquisition of additional shares by Magnetar Financial, a prominent investment firm, suggests confidence in the company's long-term prospects.
The details
Magnetar Financial LLC added the 5,462 shares of Automatic Data Processing to its portfolio in the third quarter. The shares were valued at approximately $1,603,000. The investment firm joins a number of other institutional investors and hedge funds that have also recently modified their holdings in the company.
- Magnetar Financial LLC acquired the 5,462 shares in the third quarter.
The players
Magnetar Financial LLC
An investment firm that acquired a new position in Automatic Data Processing, Inc. in the third quarter.
Automatic Data Processing, Inc.
A leading provider of cloud-based human capital management and payroll solutions for businesses.
The takeaway
The acquisition of additional shares in Automatic Data Processing by Magnetar Financial LLC suggests the investment firm sees long-term value in the business services provider, which continues to be a dominant player in the cloud-based HR and payroll solutions market.
