Richard Bernstein Advisors LLC Lowers Stock Holdings in Automatic Data Processing, Inc. $ADP

Richard Bernstein Advisors LLC reduced its stake in Automatic Data Processing (ADP) by 51.3% in Q3, selling 5,075 shares and holding 4,825 shares valued at $1.416 million. Despite this reduction, ADP reported strong quarterly results, beating EPS and revenue estimates, setting positive FY2026 guidance, and announcing a $6 billion share buyback. Analysts currently rate the stock as “Hold” with a consensus price target of $290.00, though several recent price target cuts suggest some caution.