ADP Stock Under Fresh Scrutiny as SEC Filings Show Mixed, Delayed Fund Moves
Institutional moves in Automatic Data Processing have been anything but straightforward lately. TABR Capital Management disclosed a fresh $4.55 million stake in ADP in a Jan. 9 SEC filing. But by Jan. 28, an amended restatement covering the same Dec. 31 period dropped ADP from the holdings altogether. Why does it matter? Form 13F filings—those laggy quarterly SEC snapshots of fund positions—can tip investors off to which stocks are drawing serious attention. On Monday, ADP traded up roughly 0.5% to $209.71.