ADP Hedge Fund Holdings See Aggregate Decline in Shares

Hedge fund activity reveals insights on ADP. Recent 13F filings show a significant decline of 5.93% in aggregate shares held. This trend may indicate bearish sentiment among funds, impacting ADP's stock price performance moving forward.

Date: 30-01-2025

AI Rating: 5

Hedge Fund Trends for ADP
In the recent report on Automatic Data Processing Inc. (ADP), a notable decline in hedge fund ownership has been highlighted. The total shares held by hedge funds decreased from 21,097,438 to 19,846,441, representing a decline of approximately 5.93%.

This reduction in holdings could reflect a bearish sentiment as more funds have decreased their positions than increased them. Specifically, five funds increased their positions, whereas six funds reduced theirs, creating an aggregate negative outlook regarding ADP's stock prospects.

Changes in individual fund holdings also reflect this trend, with significant sell-offs observed among key funds. For instance, two funds significantly decreased their positions: Pathway Financial Advisers LLC reduced their stake by 48,527 shares, while Investment Partners Asset Management Inc. cut 40 shares. In contrast, funds like Avestar Capital LLC and MGB Wealth Management LLC showed increases but did not offset the broader declines.

This shift could affect ADP's stock performance in the near term, as reduced hedge fund holdings might signal weakened investor confidence and potential price pressure. However, it remains important to complement this data with further research on other factors affecting ADP's business and financial health.

Stocks: ADP