Park Avenue Securities Reduces Stake in Automatic Data Processing

Asset management firm sells 8,190 shares of payroll processing giant

Mar. 22, 2026 at 9:03am

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Park Avenue Securities LLC has reduced its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 33.4% in the fourth quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 16,310 shares of the business services provider's stock, down from 24,500 shares previously.

Why it matters

Automatic Data Processing is a leading provider of payroll, HR, and other business services, and institutional investor activity in its stock can provide insights into market sentiment around the company. The reduction in Park Avenue Securities' position may reflect broader concerns about the economic outlook or the company's growth prospects.

The details

According to the 13F filing, Park Avenue Securities sold 8,190 shares of Automatic Data Processing during the fourth quarter, reducing its total position by 33.4%. The firm's remaining stake in ADP is valued at $4.195 million as of the end of the quarter.

  • Park Avenue Securities filed the 13F report disclosing the stake reduction on March 22, 2026.

The players

Park Avenue Securities LLC

An asset management firm that has reduced its stake in Automatic Data Processing.

Automatic Data Processing, Inc.

A leading provider of payroll, HR, and other business services.

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The takeaway

The reduction in Park Avenue Securities' position in Automatic Data Processing could signal broader concerns about the economic outlook or the company's growth prospects, though the reasons behind the firm's decision are not entirely clear from the available information.