Oregon Public Employees Retirement Fund increased its stake in Broadridge Financial Solutions, Inc. (NYSE:BR – Free Report) by 32.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,383 shares of the business services provider’s stock after purchasing an additional 3,248 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Broadridge Financial Solutions were worth $3,187,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC bought a new position in shares of Broadridge Financial Solutions in the 4th quarter worth $580,000. Empowered Funds LLC grew its position in Broadridge Financial Solutions by 41.5% in the first quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock worth $959,000 after acquiring an additional 1,160 shares in the last quarter. Woodline Partners LP grew its position in Broadridge Financial Solutions by 6.9% in the first quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock worth $2,397,000 after acquiring an additional 635 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Broadridge Financial Solutions by 17.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,845 shares of the business services provider’s stock valued at $447,000 after acquiring an additional 269 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in Broadridge Financial Solutions by 480.8% during the first quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock valued at $616,000 after purchasing an additional 2,106 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors.
Broadridge Financial Solutions Price Performance
Shares of Broadridge Financial Solutions stock opened at $223.21 on Monday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.93 and a quick ratio of 0.93. Broadridge Financial Solutions, Inc. has a one year low of $212.33 and a one year high of $271.91. The business’s 50 day simple moving average is $225.76 and its two-hundred day simple moving average is $237.77. The stock has a market capitalization of $26.05 billion, a P/E ratio of 28.58 and a beta of 0.99.
Broadridge Financial Solutions Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Friday, December 12th were issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, December 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 49.94%.
Analyst Ratings Changes
BR has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Monday, December 29th. DA Davidson restated a “neutral” rating and issued a $240.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, October 28th. UBS Group cut their target price on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Morgan Stanley decreased their price target on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Finally, Wall Street Zen raised shares of Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Broadridge Financial Solutions currently has an average rating of “Hold” and a consensus price target of $259.83.
Check Out Our Latest Analysis on Broadridge Financial Solutions
Insider Transactions at Broadridge Financial Solutions
In related news, President Christopher John Perry sold 3,984 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $226.00, for a total transaction of $900,384.00. Following the transaction, the president owned 44,829 shares in the company, valued at $10,131,354. The trade was a 8.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas P. Carey sold 10,214 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total value of $2,341,661.64. Following the transaction, the vice president directly owned 6,026 shares of the company’s stock, valued at $1,381,520.76. The trade was a 62.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by insiders.
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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