Broadridge Financial Solutions, Inc. $BR Shares Purchased by Andra AP fonden

Andra AP fonden increased its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 35.1% in the first quarter, HoldingsChannel.com reports. The firm owned 86,900 shares of the business services provider’s stock after buying an additional 22,600 shares during the quarter. Andra AP fonden’s holdings in Broadridge Financial Solutions were worth $14,120,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Reflection Asset Management purchased a new stake in Broadridge Financial Solutions in the 4th quarter worth $25,000. Nemes Rush Group LLC acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $27,000. Prosperity Bancshares Inc acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $28,000. WPG Advisers LLC increased its stake in shares of Broadridge Financial Solutions by 77.5% during the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock worth $32,000 after purchasing an additional 62 shares in the last quarter. Finally, Evolution Wealth Management Inc. acquired a new position in shares of Broadridge Financial Solutions during the 1st quarter worth about $36,000. 90.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Weiss Ratings cut Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. DA Davidson decreased their target price on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. UBS Group lowered their price target on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Broadridge Financial Solutions in a research report on Monday, June 22nd. Finally, Needham & Company LLC reduced their price objective on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $221.57.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $144.89 on Wednesday. The stock has a 50-day simple moving average of $146.12 and a 200-day simple moving average of $168.39. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market capitalization of $16.76 billion, a PE ratio of 15.51 and a beta of 0.89. Broadridge Financial Solutions, Inc. has a 1 year low of $133.83 and a 1 year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.09. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.90 billion. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.44 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. On average, analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a $0.975 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.7%. Broadridge Financial Solutions’s dividend payout ratio is currently 41.76%.

Insider Activity at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the sale, the insider directly owned 1 shares in the company, valued at approximately $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

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.