Broadridge Financial Solutions (NYSE:BR) CEO Timothy Gokey Acquires 5,300 Shares

Broadridge Financial Solutions, Inc. (NYSE:BR) CEO Timothy Gokey bought 5,300 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were bought at an average price of $194.49 per share, with a total value of $1,030,797.00. Following the completion of the purchase, the chief executive officer owned 142,876 shares in the company, valued at approximately $27,787,953.24. The trade was a 3.85% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Broadridge Financial Solutions Price Performance

Shares of NYSE BR traded down $8.04 during mid-day trading on Monday, reaching $188.85. The company’s stock had a trading volume of 2,404,412 shares, compared to its average volume of 1,285,714. The stock has a fifty day moving average of $198.86 and a two-hundred day moving average of $222.09. Broadridge Financial Solutions, Inc. has a 52 week low of $163.71 and a 52 week high of $271.91. The firm has a market capitalization of $22.05 billion, a PE ratio of 20.91 and a beta of 0.98. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.97 and a quick ratio of 0.97.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.25. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.61 billion. Broadridge Financial Solutions had a return on equity of 40.70% and a net margin of 14.86%.The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. As a group, sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Monday, March 16th will be paid a $0.975 dividend. This represents a $3.90 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Monday, March 16th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 43.19%.

Institutional Investors Weigh In On Broadridge Financial Solutions

A number of institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. boosted its position in Broadridge Financial Solutions by 692.3% during the 3rd quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock worth $879,015,000 after purchasing an additional 3,224,891 shares during the period. Norges Bank bought a new position in Broadridge Financial Solutions during the 4th quarter worth $346,304,000. Van ECK Associates Corp grew its holdings in Broadridge Financial Solutions by 110.6% in the 4th quarter. Van ECK Associates Corp now owns 1,475,283 shares of the business services provider’s stock worth $329,239,000 after buying an additional 774,747 shares in the last quarter. Pinebridge Investments LLC acquired a new stake in shares of Broadridge Financial Solutions in the 4th quarter worth approximately $126,553,000. Finally, JPMorgan Chase & Co. grew its holdings in Broadridge Financial Solutions by 52.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,403,997 shares of the business services provider’s stock worth $313,330,000 after acquiring an additional 485,297 shares during the period. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Raymond James Financial reissued an “outperform” rating and set a $257.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, February 3rd. Wall Street Zen cut Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Weiss Ratings lowered Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. Needham & Company LLC lowered their target price on shares of Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $247.71.

Broadridge Financial Solutions Company 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.