Strs Ohio Has $7.93 Million Stake in Broadridge Financial Solutions, Inc. $BR

Strs Ohio boosted its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 25.8% during the 1st quarter, HoldingsChannel reports. The fund owned 48,787 shares of the business services provider’s stock after acquiring an additional 9,996 shares during the quarter. Strs Ohio’s holdings in Broadridge Financial Solutions were worth $7,927,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BR. Patton Fund Management Inc. raised its stake in shares of Broadridge Financial Solutions by 5.3% in the 4th quarter. Patton Fund Management Inc. now owns 974 shares of the business services provider’s stock valued at $217,000 after purchasing an additional 49 shares during the period. Great Valley Advisor Group Inc. boosted its position in shares of Broadridge Financial Solutions by 5.3% during the second quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider’s stock worth $242,000 after buying an additional 50 shares during the period. Modern Wealth Management LLC boosted its position in shares of Broadridge Financial Solutions by 0.4% during the third quarter. Modern Wealth Management LLC now owns 14,175 shares of the business services provider’s stock worth $3,376,000 after buying an additional 55 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in shares of Broadridge Financial Solutions by 3.9% during the third quarter. Moneta Group Investment Advisors LLC now owns 1,608 shares of the business services provider’s stock worth $383,000 after buying an additional 61 shares in the last quarter. Finally, WPG Advisers LLC grew its holdings in shares of Broadridge Financial Solutions by 77.5% during the fourth quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock worth $32,000 after buying an additional 62 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the completion of the transaction, the insider owned 1 shares of the company’s stock, valued at $155. This trade represents a 99.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on BR. UBS Group cut their target price on Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a research note on Monday, May 4th. Weiss Ratings downgraded shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. DA Davidson cut their price objective on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Needham & Company LLC reduced their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Broadridge Financial Solutions in a research report on Monday, June 22nd. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $221.57.

Broadridge Financial Solutions Stock Down 0.1%

BR stock opened at $143.88 on Monday. The company has a market cap of $16.64 billion, a price-to-earnings ratio of 15.40 and a beta of 0.89. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $271.91. The business has a 50 day moving average price of $147.53 and a two-hundred day moving average price of $175.07. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.97.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.63 by $0.09. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Broadridge Financial Solutions had a return on equity of 40.14% and a net margin of 15.03%.The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.44 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Analysts anticipate that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid a $0.975 dividend. The ex-dividend date was Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a yield of 2.7%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 41.76%.

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.