Inceptionr LLC bought a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR – Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 5,579 shares of the business services provider’s stock, valued at approximately $906,000.
Several other institutional investors have also recently bought and sold shares of BR. Patton Fund Management Inc. lifted its position in Broadridge Financial Solutions by 5.3% during the 4th quarter. Patton Fund Management Inc. now owns 974 shares of the business services provider’s stock worth $217,000 after acquiring an additional 49 shares during the last quarter. Great Valley Advisor Group Inc. grew its position in shares of Broadridge Financial Solutions by 5.3% in the second quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider’s stock valued at $242,000 after purchasing an additional 50 shares during the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Broadridge Financial Solutions by 3.9% in the third quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider’s stock valued at $383,000 after purchasing an additional 61 shares during the last quarter. 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 purchasing an additional 62 shares during the period. Finally, Bontempo Ohly Capital Mgmt LLC increased its stake in shares of Broadridge Financial Solutions by 0.3% in the fourth quarter. Bontempo Ohly Capital Mgmt LLC now owns 18,895 shares of the business services provider’s stock worth $4,217,000 after purchasing an additional 62 shares during the period. Institutional investors own 90.03% of the company’s stock.
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 dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the transaction, the insider directly owned 1 shares of the company’s stock, valued at approximately $155. This trade represents a 99.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.
Broadridge Financial Solutions Stock Performance
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last issued its earnings results 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 return on equity of 40.14% and a net margin of 15.03%.The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the business earned $2.44 earnings per share. Broadridge Financial Solutions’s quarterly revenue was up 7.8% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Sell-side analysts forecast that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current year.
Broadridge Financial Solutions Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a $0.975 dividend. The ex-dividend date was Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.6%. Broadridge Financial Solutions’s dividend payout ratio is currently 41.76%.
Analyst Ratings Changes
Several equities analysts recently weighed in on the company. Weiss Ratings cut Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. UBS Group lowered their target price on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Needham & Company LLC dropped their price target on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Royal Bank Of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Broadridge Financial Solutions in a report on Monday, June 22nd. Finally, DA Davidson cut their price target on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $221.57.
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.
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