Strs Ohio Trims Stake in Broadridge Financial Solutions, Inc. $BR

Strs Ohio decreased its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 22.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,786 shares of the business services provider’s stock after selling 8,999 shares during the period. Strs Ohio’s holdings in Broadridge Financial Solutions were worth $7,570,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CX Institutional increased its position in Broadridge Financial Solutions by 2.8% during the 3rd quarter. CX Institutional now owns 1,633 shares of the business services provider’s stock worth $389,000 after purchasing an additional 44 shares in the last quarter. Harbour Investments Inc. grew its holdings in shares of Broadridge Financial Solutions by 10.1% during the second quarter. Harbour Investments Inc. now owns 489 shares of the business services provider’s stock worth $119,000 after buying an additional 45 shares in the last quarter. Signaturefd LLC raised its position in shares of Broadridge Financial Solutions by 2.2% in the third quarter. Signaturefd LLC now owns 2,090 shares of the business services provider’s stock valued at $498,000 after buying an additional 45 shares during the last quarter. Strategic Blueprint LLC lifted its stake in shares of Broadridge Financial Solutions by 5.6% during the third quarter. Strategic Blueprint LLC now owns 880 shares of the business services provider’s stock valued at $210,000 after buying an additional 47 shares during the period. Finally, PAX Financial Group LLC boosted its position in Broadridge Financial Solutions by 5.6% during the second quarter. PAX Financial Group LLC now owns 926 shares of the business services provider’s stock worth $225,000 after acquiring an additional 49 shares during the last quarter. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BR. Wall Street Zen upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. UBS Group dropped their target price on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a research note on Thursday, November 13th. Weiss Ratings reissued a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 29th. Morgan Stanley dropped their price objective on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Finally, DA Davidson decreased their target price on shares of Broadridge Financial Solutions from $240.00 to $228.00 and set a “neutral” rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $257.83.

Broadridge Financial Solutions Stock Performance

Shares of NYSE:BR opened at $208.83 on Tuesday. The business has a 50-day moving average of $224.10 and a two-hundred day moving average of $235.80. The firm has a market capitalization of $24.38 billion, a PE ratio of 26.74 and a beta of 0.99. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.93 and a quick ratio of 0.93. Broadridge Financial Solutions, Inc. has a 12 month low of $204.61 and a 12 month high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, November 4th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.32. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%.The business had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 5th. Investors of record on Friday, December 12th were issued a dividend of $0.975 per share. The ex-dividend date was Friday, December 12th. This represents a $3.90 annualized dividend and a dividend yield of 1.9%. Broadridge Financial Solutions’s payout ratio is presently 49.94%.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 3,984 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $226.00, for a total value of $900,384.00. Following the completion of the sale, the president owned 44,829 shares in the company, valued at approximately $10,131,354. This trade represents a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Thomas P. Carey sold 10,214 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total value of $2,341,661.64. Following the transaction, the vice president directly owned 6,026 shares in the company, valued at $1,381,520.76. This trade represents a 62.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by corporate insiders.

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.