Hendershot Investments Inc. bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR – Free Report) in the first quarter, HoldingsChannel.com reports. The institutional investor bought 72,218 shares of the business services provider’s stock, valued at approximately $11,734,000. Broadridge Financial Solutions comprises about 1.6% of Hendershot Investments Inc.’s investment portfolio, making the stock its 23rd largest holding.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Reflection Asset Management purchased a new position in Broadridge Financial Solutions in the 4th quarter worth approximately $25,000. Nemes Rush Group LLC purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter valued at approximately $27,000. Prosperity Bancshares Inc bought a new position in shares of Broadridge Financial Solutions in the fourth quarter worth approximately $28,000. WPG Advisers LLC increased its stake in shares of Broadridge Financial Solutions by 77.5% in the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock worth $32,000 after buying an additional 62 shares during the period. Finally, DV Equities LLC bought a new stake in Broadridge Financial Solutions during the 4th quarter valued at $37,000. 90.03% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
BR has been the subject of several analyst reports. DA Davidson dropped their price target on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. UBS Group lowered their price objective on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Needham & Company LLC dropped their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 1st. Royal Bank Of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, June 22nd. Finally, Weiss Ratings lowered Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $221.57.
Broadridge Financial Solutions Stock Performance
NYSE:BR opened at $143.88 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.97. The firm’s fifty day simple moving average is $147.53 and its 200 day simple moving average is $175.44. The stock has a market cap of $16.64 billion, a P/E ratio of 15.40 and a beta of 0.89. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $271.91.
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 EPS for the quarter, topping the consensus estimate of $2.63 by $0.09. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the business earned $2.44 EPS. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. As a group, research analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current year.
Broadridge Financial Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio is presently 41.76%.
Insider Transactions at Broadridge Financial Solutions
In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the sale, the insider directly owned 1 shares in the company, valued at $155. This trade represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by insiders.
Broadridge Financial Solutions 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.
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