Broadridge Financial Solutions, Inc. $BR Holdings Decreased by Fenimore Asset Management Inc

Fenimore Asset Management Inc trimmed its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 6.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,910 shares of the business services provider’s stock after selling 17,542 shares during the period. Fenimore Asset Management Inc owned approximately 0.21% of Broadridge Financial Solutions worth $38,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. lifted its position in shares of Broadridge Financial Solutions by 218.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 14,970 shares of the business services provider’s stock worth $2,050,000 after purchasing an additional 10,266 shares in the last quarter. Strs Ohio grew its position in Broadridge Financial Solutions by 25.8% during the first quarter. Strs Ohio now owns 48,787 shares of the business services provider’s stock valued at $7,927,000 after purchasing an additional 9,996 shares in the last quarter. Western Wealth Management LLC purchased a new position in Broadridge Financial Solutions during the first quarter valued at approximately $959,000. Andra AP fonden increased its stake in Broadridge Financial Solutions by 96.5% in the 2nd quarter. Andra AP fonden now owns 170,757 shares of the business services provider’s stock valued at $23,385,000 after buying an additional 83,857 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new stake in Broadridge Financial Solutions in the 1st quarter worth approximately $4,211,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP Thomas Carey sold 2,501 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $159.76, for a total value of $399,559.76. Following the transaction, the vice president owned 8,800 shares of the company’s stock, valued at $1,405,888. This trade represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Stock Up 3.1%

Shares of Broadridge Financial Solutions stock traded up $5.00 during midday trading on Thursday, reaching $165.13. 1,071,194 shares of the company’s stock traded hands, compared to its average volume of 1,362,973. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.24 and a current ratio of 1.24. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $237.39. The company’s 50 day simple moving average is $169.11 and its 200 day simple moving average is $157.66. The company has a market cap of $18.64 billion, a price-to-earnings ratio of 17.17 and a beta of 0.92.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, August 4th. The business services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.76 by $0.06. Broadridge Financial Solutions had a net margin of 15.04% and a return on equity of 40.25%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business posted $3.55 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2027 guidance at 10.370-10.750 EPS. Equities analysts expect that Broadridge Financial Solutions, Inc. will post 10.54 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 5th. Shareholders of record on Thursday, September 3rd were given a dividend of $1.09 per share. The ex-dividend date of this dividend was Thursday, September 3rd. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.9750. This represents a $4.36 dividend on an annualized basis and a yield of 2.6%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 45.32%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Morgan Stanley boosted their price target on shares of Broadridge Financial Solutions from $169.00 to $176.00 and gave the company an “equal weight” rating in a report on Thursday, August 6th. Royal Bank Of Canada increased their price objective on Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an “outperform” rating in a report on Monday, August 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Broadridge Financial Solutions in a research report on Friday, August 7th. Finally, UBS Group restated a “neutral” rating and issued a $180.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $216.00.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc is a financial technology and services company that provides communications, technology and data solutions to financial institutions, public companies and other organizations. Its platforms support critical business processes across investor communications, capital markets, wealth management and corporate governance.

The company’s services include proxy and regulatory communications, shareholder and customer communications, securities processing, trading and operations technology, portfolio and wealth management tools, and governance solutions.