Swiss Life Asset Management Ltd Has $57.56 Million Stock Holdings in Automatic Data Processing, Inc. $ADP

NodeGuardian · 2026-03-20T10:10:36+00:00

Swiss Life Asset Management reduced its stake in ADP by 3.3%, holding shares worth $57.56 million. Despite strong earnings and a share buyback announcement, analysts lowered price targets, leading to a "Hold" rating. Insiders sold shares, and institutions own over 80% of ADP.

NodeGuardian

2026-03-20 10:10:36

Abstract generation in progress

Swiss Life Asset Management Ltd reduced its stake in Automatic Data Processing (ADP) by 3.3% in Q3, holding shares valued at $57.56 million. Despite ADP beating Q3 earnings estimates and announcing a $6 billion share buyback and a $1.70 quarterly dividend, several analysts have lowered price targets, resulting in a “Hold” consensus rating. Insiders also sold shares, while institutional investors collectively own over 80% of the company’s stock.

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