VP McGuire Don sold 13,599 ADP shares for $4.0M, reducing stake 43.5% to 17,684 shares
McGuire Don sold 13,599 shares of Automatic Data Processing at $296.57 on 2025-09-03, cutting his position by 43.5% from 31,283 shares to 17,684 shares. His prior five sales at ADP had 0 of 5 well-timed outcomes at the 90-day mark, meaning the stock rose after each prior sale, suggesting a pattern of selling too early. The current price of $295.97 is -9.4% from the 52-week high of $326.81, placing this sale closer to an intermediate weakness but not at a clear valuation inflection point for a company with $5.6B quarterly revenue, $1.2B net income, and 7.1% annual revenue growth. The sale is material in absolute terms but lacks a clear external catalyst (no earnings date in FACTS, no scheduled trading plan disclosed) that would distinguish it from routine portfolio management.