Concurrent Investment Advisors LLC Has $3.80 Million Holdings in Broadridge Financial Solutions, Inc. $BR

Concurrent Investment Advisors LLC boosted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 51.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,046 shares of the business services provider’s stock after purchasing an additional 5,789 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Broadridge Financial Solutions were worth $3,804,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CX Institutional raised its stake 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 purchasing an additional 44 shares in the last quarter. Signaturefd LLC raised its stake in Broadridge Financial Solutions by 2.2% during the third quarter. Signaturefd LLC now owns 2,090 shares of the business services provider’s stock worth $498,000 after acquiring an additional 45 shares in the last quarter. Strategic Blueprint LLC raised its stake in Broadridge Financial Solutions by 5.6% during the third quarter. Strategic Blueprint LLC now owns 880 shares of the business services provider’s stock worth $210,000 after acquiring an additional 47 shares in the last quarter. Patton Fund Management Inc. raised its stake in Broadridge Financial Solutions by 5.3% during the fourth quarter. Patton Fund Management Inc. now owns 974 shares of the business services provider’s stock worth $217,000 after acquiring an additional 49 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Broadridge Financial Solutions by 4.0% during the third quarter. Blue Trust Inc. now owns 1,286 shares of the business services provider’s stock worth $306,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 90.03% of the company’s stock.

Insider Activity

In other news, CEO Timothy C. Gokey purchased 5,300 shares of Broadridge Financial Solutions stock in a transaction dated Friday, March 6th. The shares were bought at an average cost of $194.49 per share, for a total transaction of $1,030,797.00. Following the completion of the acquisition, the chief executive officer owned 142,876 shares in the company, valued at approximately $27,787,953.24. This trade represents a 3.85% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert N. Duelks sold 253 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $192.60, for a total value of $48,727.80. Following the sale, the director owned 20,815 shares in the company, valued at approximately $4,008,969. This trade represents a 1.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on BR shares. Wall Street Zen downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Raymond James Financial reissued an “outperform” rating and set a $257.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. lowered their target price on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Needham & Company LLC reissued a “buy” rating and set a $255.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, April 6th. Finally, DA Davidson reissued a “buy” rating and set a $228.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Broadridge Financial Solutions currently has an average rating of “Moderate Buy” and an average target price of $247.71.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $156.37 on Tuesday. The stock has a market cap of $18.26 billion, a P/E ratio of 17.32 and a beta of 1.01. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.93. The stock’s 50-day moving average is $170.31 and its 200-day moving average is $201.63. Broadridge Financial Solutions, Inc. has a 1-year low of $150.10 and a 1-year high of $271.91.

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 the consensus estimate of $1.34 by $0.25. The company had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.61 billion. Broadridge Financial Solutions had a return on equity of 40.70% and a net margin of 14.86%.The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.56 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. Equities research analysts anticipate that Broadridge Financial Solutions, Inc. will post 9.46 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Monday, March 16th were issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, March 16th. Broadridge Financial Solutions’s payout ratio is 43.19%.

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.