Alps Advisors Inc. Purchases 6,233 Shares of Broadridge Financial Solutions, Inc. $BR

Alps Advisors Inc. lifted its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 395.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,809 shares of the business services provider’s stock after buying an additional 6,233 shares during the period. Alps Advisors Inc.’s holdings in Broadridge Financial Solutions were worth $1,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. First Horizon Corp purchased a new position in Broadridge Financial Solutions in the third quarter worth about $25,000. NewSquare Capital LLC increased its position in shares of Broadridge Financial Solutions by 89.5% during the 2nd quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 51 shares during the last quarter. Guerra Advisors Inc bought a new position in shares of Broadridge Financial Solutions in the 3rd quarter worth approximately $29,000. Bank of Jackson Hole Trust boosted its holdings in shares of Broadridge Financial Solutions by 110.3% in the second quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock worth $30,000 after buying an additional 64 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Broadridge Financial Solutions by 85.1% in the second quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock worth $30,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 253 shares of Broadridge Financial Solutions stock in a transaction that occurred on 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 of the company’s stock, valued at $4,008,969. The trade was a 1.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Thomas P. Carey sold 10,214 shares of the 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 owned 6,026 shares of the company’s stock, 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. Over the last three months, insiders have sold 14,451 shares of company stock worth $3,290,773. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Trading Down 4.7%

Broadridge Financial Solutions stock opened at $172.58 on Wednesday. The stock has a market cap of $20.15 billion, a P/E ratio of 19.11 and a beta of 0.97. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.97 and a quick ratio of 0.97. Broadridge Financial Solutions, Inc. has a 1 year low of $171.24 and a 1 year high of $271.91. The firm’s 50 day moving average price is $216.25 and its 200-day moving average price is $231.96.

Broadridge Financial Solutions (NYSE:BR) last issued its 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 firm had revenue of $1.71 billion during the quarter, compared to analyst estimates of $1.61 billion. Broadridge Financial Solutions had a net margin of 14.86% and a return on equity of 40.70%. Broadridge Financial Solutions’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.56 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. On average, equities analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 12th were given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Friday, December 12th. Broadridge Financial Solutions’s payout ratio is currently 43.19%.

Analysts Set New Price Targets

A number of brokerages have commented on BR. Morgan Stanley reduced 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 report on Wednesday, November 5th. Wall Street Zen downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday. Needham & Company LLC decreased their target price on Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. UBS Group lowered their target price on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a research report on Thursday, November 13th. Finally, Raymond James Financial restated an “outperform” rating and issued a $257.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, February 3rd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Broadridge Financial Solutions has an average rating of “Moderate Buy” and an average price target of $247.71.

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.