AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

FARMERS & MERCHANTS INVESTMENTS INC's Holding History (CIK: 0001259969)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 46,598 Value ($000) $11,986 Avg Close $264.83 Range $245.59 - $291.75

Q3 2025

Shares 48,365 Value ($000) $14,195 Avg Close $297.80 Range $280.46 - $312.33

Q2 2025

Shares 48,326 Value ($000) $14,904 Avg Close $302.36 Range $268.13 - $324.50

Q1 2025

Shares 48,542 Value ($000) $14,831 Avg Close $295.41 Range $279.29 - $315.84

Q4 2024

Shares 49,950 Value ($000) $14,622 Avg Close $287.90 Range $266.14 - $301.35

Q3 2024

Shares 50,425 Value ($000) $13,954 Avg Close $253.49 Range $223.96 - $274.02

Q2 2024

Shares 50,395 Value ($000) $12,029 Avg Close $236.61 Range $228.77 - $245.17

Q1 2024

Shares 50,316 Value ($000) $12,566 Avg Close $234.26 Range $221.78 - $245.61

Q4 2023

Shares 50,361 Value ($000) $11,733 Avg Close $222.04 Range $195.57 - $239.12

Q3 2023

Shares 51,043 Value ($000) $12,280 Avg Close $231.16 Range $204.74 - $243.17

Q2 2023

Shares 52,807 Value ($000) $11,606 Avg Close $203.27 Range $189.64 - $210.89

Q1 2023

Shares 53,014 Value ($000) $11,803 Avg Close $211.47 Range $197.72 - $230.89

Q4 2022

Shares 49,854 Value ($000) $11,908 Avg Close $228.99 Range $203.81 - $257.33

Q3 2022

Shares 50,041 Value ($000) $11,319 Avg Close $219.07 Range $190.70 - $242.63

Q2 2022

Shares 50,118 Value ($000) $10,527 Avg Close $202.51 Range $182.36 - $222.13

Q1 2022

Shares 50,380 Value ($000) $11,463 Avg Close $196.92 Range $176.60 - $227.31

Q4 2021

Shares 51,005 Value ($000) $12,577 Avg Close $207.28 Range $180.16 - $228.68

Q3 2021

Shares 49,053 Value ($000) $9,807 Avg Close $187.71 Range $179.33 - $197.68

Q2 2021

Shares 53,488 Value ($000) $10,624 Avg Close $176.27 Range $167.48 - $182.39

Q1 2021

Shares 53,186 Value ($000) $10,024 Avg Close $156.66 Range $143.60 - $175.27

Q4 2020

Shares 53,192 Value ($000) $9,372 Avg Close $147.45 Range $121.14 - $161.77

Q3 2020

Shares 53,391 Value ($000) $7,448 Avg Close $125.00 Range $114.15 - $135.97

Q2 2020

Shares 53,128 Value ($000) $7,910 Avg Close $126.99 Range $112.18 - $142.82

Q1 2020

Shares 52,976 Value ($000) $7,241 Avg Close $141.95 Range $91.30 - $160.44

Q4 2019

Shares 51,962 Value ($000) $8,860 Avg Close $145.09 Range $134.54 - $151.18

Q3 2019

Shares 51,905 Value ($000) $8,379 Avg Close $143.97 Range $136.57 - $151.98

Q2 2019

Shares 51,973 Value ($000) $8,593 Avg Close $140.97 Range $134.10 - $148.45

Q1 2019

Shares 52,359 Value ($000) $8,364 Avg Close $125.45 Range $108.70 - $138.61

Q4 2018

Shares 52,170 Value ($000) $6,841 Avg Close $121.16 Range $104.68 - $131.62

Q3 2018

Shares 41,610 Value ($000) $6,269 Avg Close $120.81 Range $110.27 - $129.74

Q2 2018

Shares 45,377 Value ($000) $6,087 Avg Close $107.77 Range $94.91 - $120.77

Q1 2018

Shares 44,665 Value ($000) $5,069 Avg Close $98.61 Range $90.87 - $105.75

Q4 2017

Shares 44,045 Value ($000) $5,162 Avg Close $96.16 Range $91.15 - $100.81

Q3 2017

Shares 43,125 Value ($000) $4,714 Avg Close $89.59 Range $83.96 - $101.73

Q2 2017

Shares 38,170 Value ($000) $3,911 Avg Close $84.22 Range $79.33 - $87.79

Q1 2017

Shares 29,622 Value ($000) $3,033 Avg Close $84.40 Range $77.75 - $87.39

Q4 2016

Shares 28,334 Value ($000) $2,912 Avg Close $76.76 Range $70.20 - $85.82

Q3 2016

Shares 27,956 Value ($000) $2,466 Avg Close $74.09 Range $70.80 - $78.37

Q2 2016

Shares 26,071 Value ($000) $2,395 Avg Close $71.77 Range $68.45 - $75.00

Q1 2016

Shares 26,534 Value ($000) $2,380 Avg Close $67.69 Range $61.81 - $73.03

Q4 2015

Shares 25,940 Value ($000) $2,198 Avg Close $69.13 Range $63.10 - $72.67

Q3 2015

Shares 24,899 Value ($000) $2,001 Avg Close $63.87 Range $51.20 - $67.86

Q2 2015

Shares 23,266 Value ($000) $1,867 Avg Close $67.60 Range $63.55 - $69.99

Q1 2015

Shares 23,319 Value ($000) $1,997 Avg Close $67.89 Range $64.32 - $71.03

Q4 2014

Shares 23,520 Value ($000) $1,961 Avg Close $63.52 Range $55.18 - $68.07

Q3 2014

Shares 23,107 Value ($000) $1,920 Avg Close $56.27 Range $54.11 - $58.19

Q2 2014

Shares 23,088 Value ($000) $1,830 Avg Close $52.86 Range $49.83 - $54.58

Q1 2014

Shares 22,258 Value ($000) $1,720 Avg Close $52.44 Range $48.53 - $56.01

Q4 2013

Shares 20,604 Value ($000) $1,665 Avg Close $51.46 Range $46.89 - $56.22

Q3 2013

Shares 20,499 Value ($000) $1,484 Avg Close $48.32 Range $45.84 - $50.27

Q2 2013

Shares 19,288 Value ($000) $1,328 Avg Close $45.09 Range $41.94 - $47.70

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	46,598	$11,986	$264.83	$245.59 - $291.75
Q3 2025	48,365	$14,195	$297.80	$280.46 - $312.33
Q2 2025	48,326	$14,904	$302.36	$268.13 - $324.50
Q1 2025	48,542	$14,831	$295.41	$279.29 - $315.84
Q4 2024	49,950	$14,622	$287.90	$266.14 - $301.35
Q3 2024	50,425	$13,954	$253.49	$223.96 - $274.02
Q2 2024	50,395	$12,029	$236.61	$228.77 - $245.17
Q1 2024	50,316	$12,566	$234.26	$221.78 - $245.61
Q4 2023	50,361	$11,733	$222.04	$195.57 - $239.12
Q3 2023	51,043	$12,280	$231.16	$204.74 - $243.17
Q2 2023	52,807	$11,606	$203.27	$189.64 - $210.89
Q1 2023	53,014	$11,803	$211.47	$197.72 - $230.89
Q4 2022	49,854	$11,908	$228.99	$203.81 - $257.33
Q3 2022	50,041	$11,319	$219.07	$190.70 - $242.63
Q2 2022	50,118	$10,527	$202.51	$182.36 - $222.13
Q1 2022	50,380	$11,463	$196.92	$176.60 - $227.31
Q4 2021	51,005	$12,577	$207.28	$180.16 - $228.68
Q3 2021	49,053	$9,807	$187.71	$179.33 - $197.68
Q2 2021	53,488	$10,624	$176.27	$167.48 - $182.39
Q1 2021	53,186	$10,024	$156.66	$143.60 - $175.27
Q4 2020	53,192	$9,372	$147.45	$121.14 - $161.77
Q3 2020	53,391	$7,448	$125.00	$114.15 - $135.97
Q2 2020	53,128	$7,910	$126.99	$112.18 - $142.82
Q1 2020	52,976	$7,241	$141.95	$91.30 - $160.44
Q4 2019	51,962	$8,860	$145.09	$134.54 - $151.18
Q3 2019	51,905	$8,379	$143.97	$136.57 - $151.98
Q2 2019	51,973	$8,593	$140.97	$134.10 - $148.45
Q1 2019	52,359	$8,364	$125.45	$108.70 - $138.61
Q4 2018	52,170	$6,841	$121.16	$104.68 - $131.62
Q3 2018	41,610	$6,269	$120.81	$110.27 - $129.74
Q2 2018	45,377	$6,087	$107.77	$94.91 - $120.77
Q1 2018	44,665	$5,069	$98.61	$90.87 - $105.75
Q4 2017	44,045	$5,162	$96.16	$91.15 - $100.81
Q3 2017	43,125	$4,714	$89.59	$83.96 - $101.73
Q2 2017	38,170	$3,911	$84.22	$79.33 - $87.79
Q1 2017	29,622	$3,033	$84.40	$77.75 - $87.39
Q4 2016	28,334	$2,912	$76.76	$70.20 - $85.82
Q3 2016	27,956	$2,466	$74.09	$70.80 - $78.37
Q2 2016	26,071	$2,395	$71.77	$68.45 - $75.00
Q1 2016	26,534	$2,380	$67.69	$61.81 - $73.03
Q4 2015	25,940	$2,198	$69.13	$63.10 - $72.67
Q3 2015	24,899	$2,001	$63.87	$51.20 - $67.86
Q2 2015	23,266	$1,867	$67.60	$63.55 - $69.99
Q1 2015	23,319	$1,997	$67.89	$64.32 - $71.03
Q4 2014	23,520	$1,961	$63.52	$55.18 - $68.07
Q3 2014	23,107	$1,920	$56.27	$54.11 - $58.19
Q2 2014	23,088	$1,830	$52.86	$49.83 - $54.58
Q1 2014	22,258	$1,720	$52.44	$48.53 - $56.01
Q4 2013	20,604	$1,665	$51.46	$46.89 - $56.22
Q3 2013	20,499	$1,484	$48.32	$45.84 - $50.27
Q2 2013	19,288	$1,328	$45.09	$41.94 - $47.70