Federated Hermes Inc. Decreases Stock Position in Broadridge Financial Solutions, Inc. $BR

Federated Hermes Inc. decreased its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 30.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,030 shares of the business services provider’s stock after selling 22,347 shares during the quarter. Federated Hermes Inc.’s holdings in Broadridge Financial Solutions were worth $12,154,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of BR. CX Institutional raised its holdings in Broadridge Financial Solutions by 2.8% in the third quarter. CX Institutional now owns 1,633 shares of the business services provider’s stock valued at $389,000 after acquiring an additional 44 shares in the last quarter. Harbour Investments Inc. grew its holdings in Broadridge Financial Solutions by 10.1% during the 2nd quarter. Harbour Investments Inc. now owns 489 shares of the business services provider’s stock worth $119,000 after acquiring an additional 45 shares in the last quarter. Signaturefd LLC increased its position in shares of Broadridge Financial Solutions by 2.2% in the 3rd quarter. Signaturefd LLC now owns 2,090 shares of the business services provider’s stock valued at $498,000 after purchasing an additional 45 shares during the last quarter. Strategic Blueprint LLC raised its holdings in shares of Broadridge Financial Solutions by 5.6% in the 3rd quarter. Strategic Blueprint LLC now owns 880 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 47 shares in the last quarter. Finally, PAX Financial Group LLC lifted its position in shares of Broadridge Financial Solutions by 5.6% during the 2nd quarter. PAX Financial Group LLC now owns 926 shares of the business services provider’s stock worth $225,000 after purchasing an additional 49 shares during the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. UBS Group lowered their price objective on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research report on Thursday, November 13th. DA Davidson cut their target price on Broadridge Financial Solutions from $240.00 to $228.00 and set a “neutral” rating on the stock in a research report on Friday, January 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 29th. Finally, Morgan Stanley dropped 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. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $257.83.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock opened at $197.10 on Friday. The firm’s fifty day simple moving average is $222.05 and its 200-day simple moving average is $234.85. Broadridge Financial Solutions, Inc. has a 12 month low of $193.06 and a 12 month high of $271.91. The stock has a market capitalization of $23.01 billion, a price-to-earnings 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 (NYSE:BR) last issued its quarterly earnings data on Tuesday, November 4th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.32. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate 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. As a group, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

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

Insider Buying and Selling

In related news, President Christopher John Perry sold 3,984 shares of Broadridge Financial Solutions stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $226.00, for a total value of $900,384.00. Following the transaction, the president directly owned 44,829 shares in the company, valued at $10,131,354. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Thomas P. Carey sold 10,214 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the completion of the transaction, the vice president directly owned 6,026 shares in the company, valued at $1,381,520.76. This represents a 62.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by company 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.