Broadridge Financial Solutions, Inc. $BR Stock: Kelleher Financial Advisors Trims Position

Kelleher Financial Advisors lowered its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 54.7% in the third quarter, Holdings Channel reports. The firm owned 4,005 shares of the business services provider’s stock after selling 4,830 shares during the quarter. Kelleher Financial Advisors’ holdings in Broadridge Financial Solutions were worth $645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in Broadridge Financial Solutions during the 2nd quarter worth $1,473,918,000. Jupiter Topco LLC acquired a new position in Broadridge Financial Solutions in the second quarter valued at $261,852,000. Van ECK Associates Corp raised its holdings in shares of Broadridge Financial Solutions by 11.3% in the second quarter. Van ECK Associates Corp now owns 1,875,684 shares of the business services provider’s stock valued at $256,875,000 after buying an additional 190,301 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Broadridge Financial Solutions in the second quarter valued at about $197,921,000. Finally, Amundi raised its holdings in shares of Broadridge Financial Solutions by 67.5% in the first quarter. Amundi now owns 1,059,021 shares of the business services provider’s stock valued at $172,070,000 after buying an additional 426,587 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $189.58 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.24 and a debt-to-equity ratio of 1.28. The stock has a 50 day simple moving average of $171.72 and a 200-day simple moving average of $166.06. The company has a market cap of $21.40 billion, a price-to-earnings ratio of 20.95 and a beta of 0.90. Broadridge Financial Solutions, Inc. has a 12-month low of $133.83 and a 12-month high of $233.10.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings results on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.19. Broadridge Financial Solutions had a return on equity of 40.32% and a net margin of 13.94%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business earned $1.51 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 10.56 EPS for the current year.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $159.76, for a total value of $399,559.76. Following the completion of the sale, the vice president owned 8,800 shares of the company’s stock, valued at approximately $1,405,888. This trade represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on BR. UBS Group reiterated a “neutral” rating and set a $180.00 target price on shares of Broadridge Financial Solutions in a research note on Monday, August 17th. Royal Bank Of Canada boosted their price target on Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a research report on Monday, August 31st. DA Davidson reaffirmed a “buy” rating and set a $214.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, October 27th. JPMorgan Chase & Co. upped their price objective on Broadridge Financial Solutions from $191.00 to $201.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Weiss Ratings raised Broadridge Financial Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.71.

Trending Headlines about Broadridge Financial Solutions

Here are the key news stories impacting Broadridge Financial Solutions this week:

• Positive Sentiment: Broadridge reported fiscal Q1 2027 adjusted EPS of $1.56, above the $1.37 consensus, and revenue of $1.67 billion, also ahead of estimates. Recurring revenue rose 11%, and closed sales increased 10% to $36 million. Management reaffirmed its fiscal 2027 outlook, including 6%–8% recurring-revenue growth and 8%–12% adjusted EPS growth. Broadridge Reports First Quarter Fiscal 2027 Results
• Positive Sentiment: Broadridge is working with the NYSE on on-chain shareholder services for tokenized securities, including shareholder voting. The partnership could position the company to benefit as financial markets adopt tokenization and blockchain-based services. NYSE Partners with Broadridge for On-Chain Shareholder Services
• Neutral Sentiment: JPMorgan raised its price target to $201 from $191 but kept a neutral rating. Morgan Stanley lifted its target to $181 from $176 while maintaining an equal-weight rating, reflecting continued caution despite the increases. JPMorgan analyst recommendation
• Negative Sentiment: Underlying profitability showed pressure: operating income fell 8%, adjusted operating income declined 9%, and adjusted operating margin narrowed to 13.8% from 15.8%. Diluted EPS also decreased year over year, although adjusted EPS grew 3%. Quarterly results

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (NYSE: BR) is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company’s offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.