Broadridge Financial Solutions, Inc. $BR Shares Sold by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 74.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,595 shares of the business services provider’s stock after selling 7,586 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Broadridge Financial Solutions were worth $618,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Woodley Farra Manion Portfolio Management Inc. grew its position in Broadridge Financial Solutions by 0.7% in the 3rd quarter. Woodley Farra Manion Portfolio Management Inc. now owns 19,000 shares of the business services provider’s stock valued at $4,544,000 after buying an additional 130 shares in the last quarter. ICICI Prudential Asset Management Co Ltd bought a new position in Broadridge Financial Solutions during the third quarter valued at about $3,203,000. Syon Capital LLC grew its stake in shares of Broadridge Financial Solutions by 120.3% in the 3rd quarter. Syon Capital LLC now owns 2,566 shares of the business services provider’s stock worth $611,000 after purchasing an additional 1,401 shares during the last quarter. Advisors Capital Management LLC raised its holdings in shares of Broadridge Financial Solutions by 29.9% in the 3rd quarter. Advisors Capital Management LLC now owns 1,697 shares of the business services provider’s stock worth $404,000 after purchasing an additional 391 shares in the last quarter. Finally, First National Bank of Omaha bought a new stake in Broadridge Financial Solutions during the third quarter worth approximately $12,553,000. 90.03% of the stock is currently owned by institutional investors.

Insider Transactions at Broadridge Financial Solutions

In related news, VP Thomas P. Carey sold 10,214 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total value of $2,341,661.64. Following the completion of the transaction, the vice president directly owned 6,026 shares in the company, valued at approximately $1,381,520.76. This represents a 62.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert N. Duelks sold 253 shares of Broadridge Financial Solutions stock in a transaction on Friday, February 6th. The stock was sold at an average price of $192.60, for a total transaction of $48,727.80. Following the sale, the director owned 20,815 shares in the company, valued at $4,008,969. This represents a 1.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BR shares. Wall Street Zen lowered Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Raymond James Financial reiterated an “outperform” rating and set a $257.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday, February 3rd. Morgan Stanley dropped their target price on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. UBS Group decreased their target price on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Finally, JPMorgan Chase & Co. reduced their price objective on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $247.71.

Broadridge Financial Solutions Trading Down 0.7%

Shares of NYSE:BR opened at $175.80 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s 50-day moving average is $206.33 and its 200-day moving average is $226.90. The company has a market cap of $20.52 billion, a P/E ratio of 19.47 and a beta of 0.97. Broadridge Financial Solutions, Inc. has a 52-week low of $163.71 and a 52-week high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.25. Broadridge Financial Solutions had a return on equity of 40.70% and a net margin of 14.86%.The company had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.61 billion. During the same period in the previous year, the company earned $1.56 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. Equities research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions is a global fintech company that provides technology-driven solutions and outsourcing services to the financial services industry. The firm’s core offerings center on investor communications, securities processing and post-trade services, and technology platforms that support capital markets and wealth management operations. Broadridge positions itself as a provider of mission-critical infrastructure that helps financial institutions manage regulatory requirements, investor engagement and operational complexity.

Products and services include proxy and shareholder communications, investor disclosure and digital communications, proxy voting and tabulation, clearing and settlement support, trade processing and reconciliation, and a range of software-as-a-service platforms for wealth and asset managers.