California Public Employees Retirement System Sells 30,301 Shares of Broadridge Financial Solutions, Inc. $BR

California Public Employees Retirement System trimmed its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 10.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 273,611 shares of the business services provider’s stock after selling 30,301 shares during the quarter. California Public Employees Retirement System’s holdings in Broadridge Financial Solutions were worth $44,456,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Kesler Norman & Wride LLC boosted its stake in shares of Broadridge Financial Solutions by 15.1% during the 1st quarter. Kesler Norman & Wride LLC now owns 8,156 shares of the business services provider’s stock worth $1,325,000 after buying an additional 1,067 shares during the last quarter. Copeland Capital Management LLC increased its position in shares of Broadridge Financial Solutions by 9.3% in the first quarter. Copeland Capital Management LLC now owns 6,921 shares of the business services provider’s stock valued at $1,125,000 after acquiring an additional 590 shares during the last quarter. Assetmark Inc. raised its holdings in Broadridge Financial Solutions by 80.7% during the first quarter. Assetmark Inc. now owns 77,620 shares of the business services provider’s stock worth $12,612,000 after acquiring an additional 34,658 shares in the last quarter. Gallacher Capital Management LLC bought a new stake in Broadridge Financial Solutions during the first quarter worth about $448,000. Finally, Bessemer Group Inc. boosted its position in Broadridge Financial Solutions by 2.7% during the first quarter. Bessemer Group Inc. now owns 7,046 shares of the business services provider’s stock valued at $1,145,000 after purchasing an additional 184 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In related news, insider Hope M. Jarkowski sold 1,966 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $155.00, for a total value of $304,730.00. Following the sale, the insider owned 1 shares in the company, valued at approximately $155. This represents a 99.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.0%

Broadridge Financial Solutions stock opened at $149.90 on Tuesday. The stock has a 50-day simple moving average of $146.21 and a 200 day simple moving average of $168.95. The stock has a market capitalization of $17.34 billion, a P/E ratio of 16.05 and a beta of 0.89. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $271.91.

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

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a dividend of $0.975 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.6%. Broadridge Financial Solutions’s payout ratio is presently 41.76%.

Broadridge Financial Solutions 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.