QRG Capital Management Inc. Purchases 7,009 Shares of Broadridge Financial Solutions, Inc. $BR

QRG Capital Management Inc. raised its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 127.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,497 shares of the business services provider’s stock after acquiring an additional 7,009 shares during the period. QRG Capital Management Inc.’s holdings in Broadridge Financial Solutions were worth $2,789,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Broadridge Financial Solutions by 1.8% in the third quarter. Vanguard Group Inc. now owns 15,296,040 shares of the business services provider’s stock valued at $3,643,058,000 after buying an additional 264,620 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Broadridge Financial Solutions by 692.3% in the third quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock valued at $879,015,000 after buying an additional 3,224,891 shares during the period. Barclays PLC boosted its stake in shares of Broadridge Financial Solutions by 0.7% in the third quarter. Barclays PLC now owns 1,972,799 shares of the business services provider’s stock valued at $469,862,000 after buying an additional 14,631 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Broadridge Financial Solutions by 8.6% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,901,022 shares of the business services provider’s stock valued at $452,766,000 after buying an additional 149,756 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Broadridge Financial Solutions by 6.6% in the third quarter. Northern Trust Corp now owns 1,711,824 shares of the business services provider’s stock valued at $407,705,000 after buying an additional 105,696 shares during the period. Institutional investors own 90.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada cut their price target on Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Raymond James Financial reiterated an “outperform” rating and issued a $257.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. Weiss Ratings cut Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. UBS Group cut their price target on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Wall Street Zen cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Broadridge Financial Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $221.57.

Broadridge Financial Solutions Stock Down 0.1%

Shares of BR opened at $152.71 on Friday. Broadridge Financial Solutions, Inc. has a one year low of $149.05 and a one year high of $271.91. The company has a market cap of $17.66 billion, a P/E ratio of 16.35 and a beta of 0.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a 50 day simple moving average of $167.76 and a two-hundred day simple moving average of $198.42.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 EPS for the quarter, beating the consensus estimate of $2.63 by $0.09. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same period in the previous year, the business earned $2.44 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Research analysts forecast that Broadridge Financial Solutions, Inc. will post 9.51 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Monday, March 16th were given a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 2.6%. The ex-dividend date was Monday, March 16th. Broadridge Financial Solutions’s payout ratio is currently 41.76%.

Insider Buying and Selling

In other news, CEO Timothy C. Gokey acquired 5,300 shares of the stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of $194.49 per share, for a total transaction of $1,030,797.00. Following the completion of the transaction, the chief executive officer directly owned 142,876 shares in the company, valued at approximately $27,787,953.24. This trade represents a 3.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

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.