Mediolanum International Funds Ltd Grows Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Mediolanum International Funds Ltd lifted its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 736.7% in the first quarter, HoldingsChannel.com reports. The firm owned 44,837 shares of the business services provider’s stock after purchasing an additional 39,478 shares during the period. Mediolanum International Funds Ltd’s holdings in Broadridge Financial Solutions were worth $7,328,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Kesler Norman & Wride LLC raised its position in 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 valued at $1,325,000 after purchasing an additional 1,067 shares during the last quarter. Copeland Capital Management LLC grew its position in shares of Broadridge Financial Solutions by 9.3% in the 1st quarter. Copeland Capital Management LLC now owns 6,921 shares of the business services provider’s stock worth $1,125,000 after buying an additional 590 shares during the last quarter. Assetmark Inc. grew its position in shares of Broadridge Financial Solutions by 80.7% in the 1st quarter. Assetmark Inc. now owns 77,620 shares of the business services provider’s stock worth $12,612,000 after buying an additional 34,658 shares during the last quarter. Gallacher Capital Management LLC purchased a new position in shares of Broadridge Financial Solutions during the first quarter valued at approximately $448,000. Finally, Bessemer Group Inc. increased its stake in shares of 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 buying an additional 184 shares during the period. 90.03% of the stock is owned by institutional investors.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the transaction, the insider directly owned 1 shares in the company, valued at approximately $155. This trade represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Trading Down 0.0%

NYSE BR opened at $149.90 on Tuesday. The firm has a market capitalization of $17.34 billion, a PE ratio of 16.05 and a beta of 0.89. The stock’s 50 day moving average is $146.21 and its 200 day moving average is $168.95. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $271.91. 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 posted 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. Broadridge Financial Solutions had a return on equity of 40.14% and a net margin of 15.03%.The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter in the prior year, the company earned $2.44 earnings per share. The firm’s quarterly revenue 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. Research analysts forecast that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were paid 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 dividend payout ratio (DPR) is currently 41.76%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Broadridge Financial Solutions in a research note on Monday, June 22nd. Needham & Company LLC reduced their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. UBS Group decreased their price objective on shares of 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 lowered shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, DA Davidson dropped their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $221.57.

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.