Gotham Asset Management Boosts Stake in Automatic Data Processing

Investment firm increases holdings in payroll and HR services provider by 27.4%

Mar. 16, 2026 at 10:39am

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Gotham Asset Management LLC, an institutional investor, has increased its position in Automatic Data Processing, Inc. (ADP) by purchasing an additional 29,514 shares in the third quarter. This represents a 27.4% increase in Gotham's holdings, bringing its total ownership to 137,130 shares worth $40.2 million.

Why it matters

Automatic Data Processing is a major provider of payroll, HR, and other business services, making it a bellwether for the broader economy. Gotham's increased stake suggests the investment firm sees continued growth potential in ADP's business, even as the company faces macroeconomic headwinds.

The details

According to a regulatory filing, Gotham Asset Management lifted its position in ADP by purchasing an additional 29,514 shares during the third quarter. This increased Gotham's total holdings in the company to 137,130 shares, worth approximately $40.2 million at the end of the quarter. The move represents a 27.4% increase in Gotham's stake in ADP.

  • Gotham Asset Management made the share purchases in the third quarter of the year.

The players

Gotham Asset Management LLC

An institutional investment firm that has increased its stake in Automatic Data Processing, Inc.

Automatic Data Processing, Inc.

A leading provider of payroll, HR, and other business services to employers of all sizes.

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The takeaway

Gotham Asset Management's increased investment in Automatic Data Processing suggests the firm sees continued growth potential in the payroll and HR services provider, even as the broader economic environment remains uncertain.