ProShare Advisors LLC raised its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR – Free Report) by 8.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 73,929 shares of the business services provider’s stock after acquiring an additional 5,966 shares during the quarter. ProShare Advisors LLC owned approximately 0.07% of Broadridge Financial Solutions worth $11,910,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Vise Technologies Inc. raised its position in shares of Broadridge Financial Solutions by 13.2% in the 3rd quarter. Vise Technologies Inc. now owns 7,882 shares of the business services provider’s stock worth $1,270,000 after acquiring an additional 919 shares in the last quarter. MGO One Seven LLC bought a new stake in shares of Broadridge Financial Solutions during the third quarter valued at approximately $205,000. Americana Partners LLC bought a new stake in shares of Broadridge Financial Solutions during the third quarter valued at approximately $249,000. State of Wyoming purchased a new stake in Broadridge Financial Solutions in the third quarter worth $309,000. Finally, Canopy Partners LLC purchased a new stake in Broadridge Financial Solutions in the third quarter worth $514,000. 90.03% of the stock is owned by institutional investors.
Key Headlines Impacting Broadridge Financial Solutions
Here are the key news stories impacting Broadridge Financial Solutions this week:
- Positive Sentiment: Adjusted EPS of $1.56 beat the $1.37 analyst consensus, while revenue of $1.67 billion topped expectations of $1.65 billion and rose 5% year over year. Recurring revenue increased 11%, and closed sales grew 10% to $36 million. Broadridge Reports First Quarter Fiscal 2027 Results
- Positive Sentiment: Broadridge reaffirmed fiscal 2027 guidance, including 6%–8% constant-currency recurring-revenue growth and 8%–12% adjusted EPS growth, offering support for the growth outlook. Broadridge: 3 Key Takeaways for Long-Term Investors
- Positive Sentiment: The NYSE selected Broadridge to provide on-chain shareholder governance and digital transfer-agent services for its planned tokenized-securities platform. The initiative could create opportunities in digital asset services, but is subject to regulatory approval. Broadridge to Bring OnChain Governance and Digital Transfer Agency to NYSE Platform
- Negative Sentiment: Profitability was weaker: operating income fell 8% and adjusted operating income declined 9%, with adjusted operating margin narrowing to 13.8% from 15.8%. GAAP diluted EPS dropped to $0.83 from $1.40, while the company cited pressure from event-driven revenues. BR’s Q1 Earnings Beat Estimates on Strong Recurring Revenue Growth
Insider Transactions at Broadridge Financial Solutions
In related news, VP Thomas Carey sold 2,501 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $159.76, for a total transaction of $399,559.76. Following the sale, the vice president directly owned 8,800 shares of the company’s stock, valued at approximately $1,405,888. This represents a 22.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is currently owned by insiders.
Broadridge Financial Solutions Stock Performance
Broadridge Financial Solutions stock opened at $183.34 on Wednesday. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $233.10. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $20.70 billion, a P/E ratio of 19.06 and a beta of 0.90. The stock’s 50 day moving average is $171.62 and its 200 day moving average is $166.21.
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last released its earnings results on Tuesday, November 3rd. The business services provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.37 by $0.19. Broadridge Financial Solutions had a return on equity of 40.25% and a net margin of 15.04%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the company posted $1.51 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.
Analysts Set New Price Targets
BR has been the subject of several recent research reports. UBS Group reissued a “neutral” rating and set a $180.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, August 17th. DA Davidson reaffirmed a “buy” rating and issued a $214.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, October 27th. Weiss Ratings upgraded shares of Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Royal Bank Of Canada lifted their price target on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. Finally, Morgan Stanley boosted their price objective on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and an average target price of $216.00.
Read Our Latest Research Report on BR
Broadridge Financial Solutions Profile
Broadridge Financial Solutions, Inc (NYSE: BR) is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.
The company’s offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.
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