Sumitomo Mitsui Trust Group Inc. raised its position in Broadridge Financial Solutions, Inc. (NYSE:BR – Free Report) by 9.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 272,671 shares of the business services provider’s stock after purchasing an additional 23,741 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.24% of Broadridge Financial Solutions worth $43,927,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BR. BlackRock Inc. bought a new position in Broadridge Financial Solutions in the second quarter worth approximately $1,473,918,000. Jupiter Topco LLC purchased a new position in shares of Broadridge Financial Solutions in the second quarter valued at $261,852,000. Van ECK Associates Corp lifted its stake in Broadridge Financial Solutions by 11.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,875,684 shares of the business services provider’s stock worth $256,875,000 after purchasing an additional 190,301 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Broadridge Financial Solutions in the second quarter valued at approximately $197,921,000. Finally, Amundi grew its position in Broadridge Financial Solutions by 67.5% during the first quarter. Amundi now owns 1,059,021 shares of the business services provider’s stock valued at $172,070,000 after acquiring an additional 426,587 shares during the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.
Broadridge Financial Solutions Stock Performance
NYSE BR opened at $189.58 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.24 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $21.40 billion, a price-to-earnings ratio of 20.95 and a beta of 0.90. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $233.10. The stock has a 50-day moving average of $171.72 and a 200 day moving average of $166.06.
Broadridge Financial Solutions (NYSE:BR – Get Free Report) last released its earnings results on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.19. Broadridge Financial Solutions had a return on equity of 40.32% and a net margin of 13.94%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter last year, the business posted $1.51 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 10.56 EPS for the current fiscal year.
Insider Buying and Selling at Broadridge Financial Solutions
In related news, VP Thomas Carey sold 2,501 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total transaction of $399,559.76. Following the completion of the transaction, the vice president directly owned 8,800 shares of the company’s stock, valued at $1,405,888. The trade was a 22.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.00% of the company’s stock.
Trending Headlines about Broadridge Financial Solutions
Here are the key news stories impacting Broadridge Financial Solutions this week:
- Positive Sentiment: Broadridge reported fiscal Q1 2027 adjusted EPS of $1.56, above the $1.37 consensus, and revenue of $1.67 billion, also ahead of estimates. Recurring revenue rose 11%, and closed sales increased 10% to $36 million. Management reaffirmed its fiscal 2027 outlook, including 6%–8% recurring-revenue growth and 8%–12% adjusted EPS growth. Broadridge Reports First Quarter Fiscal 2027 Results
- Positive Sentiment: Broadridge is working with the NYSE on on-chain shareholder services for tokenized securities, including shareholder voting. The partnership could position the company to benefit as financial markets adopt tokenization and blockchain-based services. NYSE Partners with Broadridge for On-Chain Shareholder Services
- Neutral Sentiment: JPMorgan raised its price target to $201 from $191 but kept a neutral rating. Morgan Stanley lifted its target to $181 from $176 while maintaining an equal-weight rating, reflecting continued caution despite the increases. JPMorgan analyst recommendation
- Negative Sentiment: Underlying profitability showed pressure: operating income fell 8%, adjusted operating income declined 9%, and adjusted operating margin narrowed to 13.8% from 15.8%. Diluted EPS also decreased year over year, although adjusted EPS grew 3%. Quarterly results
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Broadridge Financial Solutions from $191.00 to $201.00 and gave the stock a “neutral” rating in a research report on Wednesday. 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. Morgan Stanley upped their price target on Broadridge Financial Solutions from $176.00 to $181.00 and gave the stock an “equal weight” rating in a research note on Wednesday. DA Davidson reissued a “buy” rating and set a $214.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, October 27th. Finally, Royal Bank Of Canada boosted their target price on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research note on Monday, August 31st. Four research 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 an average target price of $212.71.
Check Out Our Latest Analysis on Broadridge Financial Solutions
Broadridge Financial Solutions Company 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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