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Roseland Today
By the People, for the People
Sierra Legacy Group Buys $1.6M Stake in Automatic Data Processing
The institutional investor added 6,392 shares of the payroll and HR services provider to its portfolio.
Apr. 5, 2026 at 10:28am
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Sierra Legacy Group, an institutional investor, purchased a new stake of 6,392 shares in Automatic Data Processing, Inc. (NASDAQ:ADP) during the fourth quarter, according to a recent SEC filing. The shares are valued at approximately $1.64 million, making ADP the 22nd largest holding in Sierra Legacy Group's portfolio.
Why it matters
Automatic Data Processing is a leading provider of payroll, HR, and other business services, serving millions of companies worldwide. This investment by Sierra Legacy Group signals confidence in ADP's long-term growth potential, even as the company has faced some headwinds from the economic impacts of the pandemic.
The details
According to the 13F filing, Sierra Legacy Group acquired the 6,392 shares of ADP stock during the fourth quarter of 2025. This represents approximately 1.2% of the firm's total holdings. ADP stock has traded between $197 and $330 over the past 52 weeks, closing most recently at $204.
- Sierra Legacy Group purchased the ADP shares in Q4 2025.
- ADP stock has traded in a range of $197 to $330 over the past year.
The players
Sierra Legacy Group
An institutional investment firm that manages a diversified portfolio of stocks, bonds, and other assets.
Automatic Data Processing, Inc.
A leading provider of payroll, HR, and business services, serving millions of companies worldwide.
The takeaway
This investment by Sierra Legacy Group underscores the continued appeal of ADP's diversified business model and dominant market position, even as the company navigates economic headwinds. The stake represents a sizable allocation within Sierra Legacy's portfolio, signaling the firm's confidence in ADP's long-term growth prospects.
