Broadridge Financial Solutions, Inc. $BR Position Increased by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 14.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,567 shares of the business services provider’s stock after buying an additional 12,024 shares during the quarter. New York State Common Retirement Fund owned about 0.08% of Broadridge Financial Solutions worth $22,523,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Broadridge Financial Solutions in the 2nd quarter worth about $123,812,000. Vanguard Group Inc. increased its stake in shares of Broadridge Financial Solutions by 2.0% in the second quarter. Vanguard Group Inc. now owns 15,031,420 shares of the business services provider’s stock valued at $3,653,086,000 after purchasing an additional 298,273 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Broadridge Financial Solutions in the second quarter valued at approximately $53,467,000. Rakuten Investment Management Inc. bought a new stake in shares of Broadridge Financial Solutions during the third quarter valued at approximately $41,635,000. Finally, Bank of America Corp DE boosted its position in shares of Broadridge Financial Solutions by 24.2% during the second quarter. Bank of America Corp DE now owns 850,904 shares of the business services provider’s stock worth $206,795,000 after buying an additional 165,965 shares during the period. 90.03% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, President Christopher John Perry sold 3,984 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $226.00, for a total transaction of $900,384.00. Following the completion of the sale, the president directly owned 44,829 shares of the company’s stock, valued at $10,131,354. This represents a 8.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Thomas P. Carey sold 10,214 shares of the stock in a transaction 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 completion of the transaction, the vice president owned 6,026 shares of the company’s stock, valued at $1,381,520.76. This trade represents a 62.89% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by insiders.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $197.10 on Friday. The firm’s 50 day moving average is $222.05 and its 200-day moving average is $234.85. The stock has a market capitalization of $23.01 billion, a P/E ratio of 25.24 and a beta of 0.99. 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 12-month low of $193.06 and a 12-month high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, November 4th. The business services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.19 by $0.32. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. Broadridge Financial Solutions had a net margin of 13.11% and a return on equity of 43.28%. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 12th were issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, December 12th. Broadridge Financial Solutions’s payout ratio is presently 49.94%.

Analyst Ratings Changes

Several research firms recently commented on BR. Wall Street Zen upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. UBS Group decreased their price target 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. Weiss Ratings reissued a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Monday, December 29th. DA Davidson reduced their price objective on shares of Broadridge Financial Solutions from $240.00 to $228.00 and set a “neutral” rating for the company in a report on Friday, January 23rd. Finally, Morgan Stanley decreased their target price on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $257.83.

About Broadridge Financial Solutions

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.