Wealthfront Advisers LLC Buys 9,031 Shares of Broadridge Financial Solutions, Inc. $BR

Wealthfront Advisers LLC increased its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 85.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,544 shares of the business services provider’s stock after buying an additional 9,031 shares during the quarter. Wealthfront Advisers LLC’s holdings in Broadridge Financial Solutions were worth $4,655,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. First Horizon Corp acquired a new stake in Broadridge Financial Solutions in the 3rd quarter valued at about $25,000. NewSquare Capital LLC boosted its stake in shares of Broadridge Financial Solutions by 89.5% during the 2nd quarter. NewSquare Capital LLC now owns 108 shares of the business services provider’s stock worth $26,000 after acquiring an additional 51 shares during the period. Guerra Advisors Inc acquired a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth approximately $29,000. Bank of Jackson Hole Trust raised its stake in Broadridge Financial Solutions by 110.3% in the 2nd quarter. Bank of Jackson Hole Trust now owns 122 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 64 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in Broadridge Financial Solutions by 85.1% during the second quarter. Caitong International Asset Management Co. Ltd now owns 124 shares of the business services provider’s stock worth $30,000 after purchasing an additional 57 shares during the period. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BR has been the topic of several research analyst reports. DA Davidson reissued a “buy” rating and issued a $228.00 price target on shares of Broadridge Financial Solutions in a report on Tuesday. Morgan Stanley decreased their target price on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. UBS Group dropped their price target on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a report on Thursday, November 13th. Weiss Ratings lowered Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Finally, JPMorgan Chase & Co. decreased 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 investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $247.71.

Insider Activity at Broadridge Financial Solutions

In related news, VP Thomas P. Carey sold 10,214 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the completion of the transaction, the vice president directly owned 6,026 shares in the company, valued at $1,381,520.76. This represents a 62.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Christopher John Perry sold 3,984 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $226.00, for a total transaction of $900,384.00. Following the completion of the sale, the president owned 44,829 shares in the company, valued at $10,131,354. This represents a 8.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,451 shares of company stock valued at $3,290,773 over the last ninety days. 1.10% of the stock is owned by corporate insiders.

Broadridge Financial Solutions Stock Up 1.8%

BR stock opened at $170.51 on Friday. Broadridge Financial Solutions, Inc. has a 52 week low of $163.71 and a 52 week high of $271.91. The business has a 50-day simple moving average of $213.79 and a 200 day simple moving average of $231.09. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.93. The company has a market cap of $19.91 billion, a PE ratio of 18.88 and a beta of 0.97.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, February 3rd. The business services provider reported $1.59 EPS 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 analyst estimates of $1.61 billion. Broadridge Financial Solutions had a net margin of 14.86% and a return on equity of 40.70%. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period last year, the firm earned $1.56 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. Sell-side analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

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.