13FPulse
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AD

ADP AUTOMATIC DATA PROCESSING

2026Q2 · CUSIP 053015103 · Enterprise Software · Sector: Technology

Normal

Fund flows are within the usual range

Funds that own it
2,237
Institutions that reported holding it to the SEC
Net decrease in holders
38
Last quarter 2,275 → now 2,237
How unusual is that
Bottom 20%
Stronger than only 3% of US stocks
What the filings say, in one paragraph

2,237 funds held ADP at the end of 2026Q2, down 38 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, revenue over the last 12 months was $21.9B(YoY +6.7%), the P/E is 25.7x, return on equity is 73.2%. ADP has had 28 buying rushes in its history, and the price moved +7.5% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Technology sector, tagged Enterprise Software.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=950 2013Q4: holders=1002 2014Q1: holders=999 2014Q2: holders=994 2014Q3: holders=990 2014Q4: holders=1037 2015Q1: holders=1039 2015Q2: holders=1039 2015Q3: holders=1011 2015Q4: holders=1060 2016Q1: holders=1058 2016Q2: holders=1077 2016Q3: holders=1055 2016Q4: holders=1201 2017Q1: holders=1207 2017Q2: holders=1194 2017Q3: holders=1215 2017Q4: holders=1335 2018Q1: holders=1338 2018Q2: holders=1392 2018Q3: holders=1412 2018Q4: holders=1464 2019Q1: holders=1527 2019Q2: holders=1533 2019Q3: holders=1544 2019Q4: holders=1681 2020Q1: holders=1574 2020Q2: holders=1598 2020Q3: holders=1562 2020Q4: holders=1702 2021Q1: holders=1725 2021Q2: holders=1746 2021Q3: holders=1749 2021Q4: holders=1937 2022Q1: holders=1955 2022Q2: holders=1943 2022Q3: holders=1965 2022Q4: holders=2052 2023Q1: holders=1969 2023Q2: holders=1979 2023Q3: holders=2024 2023Q4: holders=2125 2024Q1: holders=2158 2024Q2: holders=2167 2024Q3: holders=2232 2024Q4: holders=2416 2025Q1: holders=2455 2025Q2: holders=2469 2025Q3: holders=2390 2025Q4: holders=2404 2026Q1: holders=2275 2026Q2: holders=2237 -188 -94 +0 +94 +188 85517242593 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 28 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q1 Top 5% -4.9% -21.5%
2024Q4 Top 5% +4.2% -0.8%
2024Q3 Top 5% +4.9% +9.1%
2024Q1 Top 10% +5.5% +19.2%
2023Q4 Top 5% +0.3% +5.8%
2023Q3 Top 5% +10.7% +10.8%
2022Q4 Top 5% -4.8% +11.6%
2022Q3 Top 5% -9.4% -13.9%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
352
Change in large funds
+18
Total value they hold
$78.5B
Funds buying for the first time
202
Funds that sold out entirely
240
Price change that quarter
+27.1%
Funds holding puts (bearish)
25
Funds holding calls (bullish)
31

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
25.7
EPS (TTM)
$10.94
EPS YoY
+9.6%
Revenue (TTM)
$21.9B
Revenue YoY
+6.7%
Net margin
20.1%
ROE
73.2%
Debt ratio
90.5%
FCF (TTM)
—
Dividend (TTM)
$6.64
Quarterly Revenue & EPS
2021-09-30: EPS 1.65 2021-12-31: EPS 1.65 2022-03-31: EPS 2.21 2022-06-30: EPS 1.49 2022-09-30: EPS 1.87 2022-12-31: EPS 1.95 2023-03-31: EPS 2.51 2023-06-30: EPS 1.88 2023-09-30: EPS 2.08 2023-12-31: EPS 2.13 2024-03-31: EPS 2.88 2024-06-30: EPS 2.01 2024-09-30: EPS 2.34 2024-12-31: EPS 2.35 2025-03-31: EPS 3.06 2025-06-30: EPS 2.23 2025-09-30: EPS 2.49 2025-12-31: EPS 2.62 2026-03-31: EPS 3.38 2026-06-30: EPS 2.45 0B 3.0B 5.9B $B 0.00 1.86 3.72 2016201720182019202020212022202320242025202606/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 28 18 27 36 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

As of 2026-06-30 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.