AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

Hendershot Investments Inc.'s Holding History (CIK: 0001541496)

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

Q4 2025

Shares 79,898 Value ($000) $20,552 Avg Close $264.83 Range $245.59 - $291.75

Q3 2025

Shares 68,735 Value ($000) $20,174 Avg Close $297.80 Range $280.46 - $312.33

Q2 2025

Shares 68,300 Value ($000) $21,064 Avg Close $302.36 Range $268.13 - $324.50

Q1 2025

Shares 68,547 Value ($000) $20,943 Avg Close $295.41 Range $279.29 - $315.84

Q4 2024

Shares 69,365 Value ($000) $20,305 Avg Close $287.90 Range $266.14 - $301.35

Q3 2024

Shares 69,453 Value ($000) $19,220 Avg Close $253.49 Range $223.96 - $274.02

Q2 2024

Shares 69,516 Value ($000) $16,593 Avg Close $236.61 Range $228.77 - $245.17

Q1 2024

Shares 69,385 Value ($000) $17,328 Avg Close $234.26 Range $221.78 - $245.61

Q4 2023

Shares 69,291 Value ($000) $16,143 Avg Close $222.04 Range $195.57 - $239.12

Q3 2023

Shares 60,970 Value ($000) $14,668 Avg Close $231.16 Range $204.74 - $243.17

Q2 2023

Shares 60,895 Value ($000) $13,384 Avg Close $203.27 Range $189.64 - $210.89

Q1 2023

Shares 61,587 Value ($000) $13,711 Avg Close $211.47 Range $197.72 - $230.89

Q4 2022

Shares 61,055 Value ($000) $14,584 Avg Close $228.99 Range $203.81 - $257.33

Q3 2022

Shares 60,213 Value ($000) $13,620 Avg Close $219.07 Range $190.70 - $242.63

Q2 2022

Shares 60,108 Value ($000) $12,625 Avg Close $202.51 Range $182.36 - $222.13

Q1 2022

Shares 60,432 Value ($000) $13,751 Avg Close $196.92 Range $176.60 - $227.31

Q4 2021

Shares 60,622 Value ($000) $14,948 Avg Close $207.28 Range $180.16 - $228.68

Q3 2021

Shares 61,263 Value ($000) $12,248 Avg Close $187.71 Range $179.33 - $197.68

Q2 2021

Shares 61,747 Value ($000) $12,264 Avg Close $176.27 Range $167.48 - $182.39

Q1 2021

Shares 62,054 Value ($000) $11,695 Avg Close $156.66 Range $143.60 - $175.27

Q4 2020

Shares 59,210 Value ($000) $10,433 Avg Close $147.45 Range $121.14 - $161.77

Q3 2020

Shares 58,345 Value ($000) $8,139 Avg Close $125.00 Range $114.15 - $135.97

Q2 2020

Shares 52,275 Value ($000) $7,783 Avg Close $126.99 Range $112.18 - $142.82

Q1 2020

Shares 49,375 Value ($000) $6,749 Avg Close $141.95 Range $91.30 - $160.44

Q4 2019

Shares 21,815 Value ($000) $3,719 Avg Close $145.09 Range $134.54 - $151.18

Q3 2019

Shares 21,925 Value ($000) $3,539 Avg Close $143.97 Range $136.57 - $151.98

Q2 2019

Shares 24,160 Value ($000) $3,994 Avg Close $140.97 Range $134.10 - $148.45

Q1 2019

Shares 23,660 Value ($000) $3,779 Avg Close $125.45 Range $108.70 - $138.61

Q4 2018

Shares 19,555 Value ($000) $2,564 Avg Close $121.16 Range $104.68 - $131.62

Q3 2018

Shares 19,955 Value ($000) $3,006 Avg Close $120.81 Range $110.27 - $129.74

Q2 2018

Shares 20,445 Value ($000) $2,742 Avg Close $107.77 Range $94.91 - $120.77

Q1 2018

Shares 20,600 Value ($000) $2,338 Avg Close $98.61 Range $90.87 - $105.75

Q4 2017

Shares 20,755 Value ($000) $2,432 Avg Close $96.16 Range $91.15 - $100.81

Q3 2017

Shares 21,210 Value ($000) $2,319 Avg Close $89.59 Range $83.96 - $101.73

Q2 2017

Shares 42,414 Value ($000) $4,346 Avg Close $84.22 Range $79.33 - $87.79

Q1 2017

Shares 41,944 Value ($000) $4,295 Avg Close $84.40 Range $77.75 - $87.39

Q4 2016

Shares 39,799 Value ($000) $4,091 Avg Close $76.76 Range $70.20 - $85.82

Q1 2016

Shares 18,144 Value ($000) $1,628 Avg Close $67.69 Range $61.81 - $73.03

Q2 2014

Shares 4,899 Value ($000) $388 Avg Close $52.86 Range $49.83 - $54.58

Q1 2014

Shares 5,064 Value ($000) $409 Avg Close $52.44 Range $48.53 - $56.01

Q4 2013

Shares 5,064 Value ($000) $409 Avg Close $51.46 Range $46.89 - $56.22

Q3 2013

Shares 5,064 Value ($000) $367 Avg Close $48.32 Range $45.84 - $50.27

Q2 2013

Shares 5,169 Value ($000) $356 Avg Close $45.09 Range $41.94 - $47.70

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	79,898	$20,552	$264.83	$245.59 - $291.75
Q3 2025	68,735	$20,174	$297.80	$280.46 - $312.33
Q2 2025	68,300	$21,064	$302.36	$268.13 - $324.50
Q1 2025	68,547	$20,943	$295.41	$279.29 - $315.84
Q4 2024	69,365	$20,305	$287.90	$266.14 - $301.35
Q3 2024	69,453	$19,220	$253.49	$223.96 - $274.02
Q2 2024	69,516	$16,593	$236.61	$228.77 - $245.17
Q1 2024	69,385	$17,328	$234.26	$221.78 - $245.61
Q4 2023	69,291	$16,143	$222.04	$195.57 - $239.12
Q3 2023	60,970	$14,668	$231.16	$204.74 - $243.17
Q2 2023	60,895	$13,384	$203.27	$189.64 - $210.89
Q1 2023	61,587	$13,711	$211.47	$197.72 - $230.89
Q4 2022	61,055	$14,584	$228.99	$203.81 - $257.33
Q3 2022	60,213	$13,620	$219.07	$190.70 - $242.63
Q2 2022	60,108	$12,625	$202.51	$182.36 - $222.13
Q1 2022	60,432	$13,751	$196.92	$176.60 - $227.31
Q4 2021	60,622	$14,948	$207.28	$180.16 - $228.68
Q3 2021	61,263	$12,248	$187.71	$179.33 - $197.68
Q2 2021	61,747	$12,264	$176.27	$167.48 - $182.39
Q1 2021	62,054	$11,695	$156.66	$143.60 - $175.27
Q4 2020	59,210	$10,433	$147.45	$121.14 - $161.77
Q3 2020	58,345	$8,139	$125.00	$114.15 - $135.97
Q2 2020	52,275	$7,783	$126.99	$112.18 - $142.82
Q1 2020	49,375	$6,749	$141.95	$91.30 - $160.44
Q4 2019	21,815	$3,719	$145.09	$134.54 - $151.18
Q3 2019	21,925	$3,539	$143.97	$136.57 - $151.98
Q2 2019	24,160	$3,994	$140.97	$134.10 - $148.45
Q1 2019	23,660	$3,779	$125.45	$108.70 - $138.61
Q4 2018	19,555	$2,564	$121.16	$104.68 - $131.62
Q3 2018	19,955	$3,006	$120.81	$110.27 - $129.74
Q2 2018	20,445	$2,742	$107.77	$94.91 - $120.77
Q1 2018	20,600	$2,338	$98.61	$90.87 - $105.75
Q4 2017	20,755	$2,432	$96.16	$91.15 - $100.81
Q3 2017	21,210	$2,319	$89.59	$83.96 - $101.73
Q2 2017	42,414	$4,346	$84.22	$79.33 - $87.79
Q1 2017	41,944	$4,295	$84.40	$77.75 - $87.39
Q4 2016	39,799	$4,091	$76.76	$70.20 - $85.82
Q1 2016	18,144	$1,628	$67.69	$61.81 - $73.03
Q2 2014	4,899	$388	$52.86	$49.83 - $54.58
Q1 2014	5,064	$409	$52.44	$48.53 - $56.01
Q4 2013	5,064	$409	$51.46	$46.89 - $56.22
Q3 2013	5,064	$367	$48.32	$45.84 - $50.27
Q2 2013	5,169	$356	$45.09	$41.94 - $47.70