Broadridge Financial Solutions, Inc. $BR Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC reduced its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 556,515 shares of the business services provider’s stock after selling 27,397 shares during the period. Broadridge Financial Solutions makes up about 1.9% of Confluence Investment Management LLC’s investment portfolio, making the stock its 13th biggest holding. Confluence Investment Management LLC owned approximately 0.48% of Broadridge Financial Solutions worth $124,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new stake in shares of Broadridge Financial Solutions in the fourth quarter valued at about $580,000. Empowered Funds LLC raised its holdings in shares of Broadridge Financial Solutions by 41.5% during the 1st quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock valued at $959,000 after buying an additional 1,160 shares during the period. Woodline Partners LP lifted its position in Broadridge Financial Solutions by 6.9% during the 1st 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. Acadian Asset Management LLC boosted its holdings in Broadridge Financial Solutions by 480.8% in the 1st quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock worth $616,000 after acquiring an additional 2,106 shares during the period. Finally, Creative Planning boosted its holdings in Broadridge Financial Solutions by 2.2% in the 2nd quarter. Creative Planning now owns 25,807 shares of the business services provider’s stock worth $6,272,000 after acquiring an additional 551 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BR has been the topic of a number of analyst reports. DA Davidson reiterated a “buy” rating and set a $228.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. Raymond James Financial restated an “outperform” rating and issued a $257.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. lowered their price target on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Wall Street Zen downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings cut shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Broadridge Financial Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $247.71.

Broadridge Financial Solutions Price Performance

BR stock opened at $174.46 on Friday. The stock’s 50 day moving average is $191.14 and its two-hundred day moving average is $217.70. Broadridge Financial Solutions, Inc. has a 52-week low of $163.71 and a 52-week high of $271.91. The company has a market capitalization of $20.37 billion, a PE ratio of 19.32 and a beta of 0.98. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.93.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.25. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.61 billion. Broadridge Financial Solutions had a net margin of 14.86% and a return on equity of 40.70%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.56 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. Analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Monday, March 16th will be issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Monday, March 16th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 43.19%.

Insider Activity

In related news, CEO Timothy C. Gokey bought 5,300 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $194.49 per share, for a total transaction of $1,030,797.00. Following the purchase, the chief executive officer owned 142,876 shares in the company, valued at $27,787,953.24. This trade represents a 3.85% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert N. Duelks sold 253 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $192.60, for a total transaction of $48,727.80. Following the transaction, the director directly owned 20,815 shares in the company, valued at $4,008,969. The trade was a 1.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.