Ninety One North America Inc. Has $522,000 Stake in Broadridge Financial Solutions, Inc. $BR

Ninety One North America Inc. trimmed its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 15.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,148 shares of the business services provider’s stock after selling 390 shares during the period. Ninety One North America Inc.’s holdings in Broadridge Financial Solutions were worth $522,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BR. Brighton Jones LLC acquired a new stake in Broadridge Financial Solutions during the 4th quarter worth approximately $580,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Broadridge Financial Solutions by 4.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,258 shares of the business services provider’s stock worth $4,580,000 after purchasing an additional 865 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Broadridge Financial Solutions by 28.4% during the 4th quarter. Wellington Management Group LLP now owns 4,636 shares of the business services provider’s stock worth $1,048,000 after purchasing an additional 1,026 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in Broadridge Financial Solutions by 48.2% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,629 shares of the business services provider’s stock worth $395,000 after purchasing an additional 530 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Broadridge Financial Solutions by 7.0% during the 1st quarter. Rhumbline Advisers now owns 261,855 shares of the business services provider’s stock worth $63,489,000 after purchasing an additional 17,060 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BR has been the subject of several research reports. Needham & Company LLC lifted their price target on Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. UBS Group lifted their price target on Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Wall Street Zen cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Friday, September 26th. Finally, Morgan Stanley lifted their price target on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $261.50.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 7,036 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the transaction, the president owned 48,813 shares in the company, valued at approximately $12,824,151.36. This trade represents a 12.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy C. Gokey sold 84,571 shares of Broadridge Financial Solutions stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $259.53, for a total value of $21,948,711.63. Following the completion of the transaction, the chief executive officer owned 165,634 shares in the company, valued at approximately $42,986,992.02. The trade was a 33.80% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,532 shares of company stock worth $38,417,208. Corporate insiders own 1.30% of the company’s stock.

Broadridge Financial Solutions Price Performance

Broadridge Financial Solutions stock opened at $238.00 on Wednesday. Broadridge Financial Solutions, Inc. has a one year low of $208.20 and a one year high of $271.91. The stock’s fifty day moving average price is $252.27 and its two-hundred day moving average price is $242.54. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $27.88 billion, a PE ratio of 33.57 and a beta of 0.96.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.51 by $0.04. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The company had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the company posted $3.50 EPS. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, September 11th. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. Broadridge Financial Solutions’s dividend payout ratio is 55.01%.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.