6,700 Shares in Broadridge Financial Solutions, Inc. $BR Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 6,700 Broadridge shares in the third quarter, valued at approximately $1.08 million. Institutional investors collectively own about 90% of the stock.
• Broadridge beat quarterly estimates, reporting adjusted earnings of $1.56 per share and revenue of $1.67 billion, up 5% year over year. It reaffirmed its fiscal 2027 adjusted EPS growth outlook of 8%–12%.
• The company is expanding into digital assets through a partnership to provide proxy voting for eligible holders of Dinari’s tokenized U.S. equities; the potential near-term financial impact was not disclosed.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,700 shares of the business services provider's stock, valued at approximately $1,079,000.

Several other hedge funds also recently added to or reduced their stakes in BR. BlackRock Inc. purchased a new stake in Broadridge Financial Solutions in the second quarter valued at $1,473,918,000. Jupiter Topco LLC acquired a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at $261,852,000. Van ECK Associates Corp lifted its stake in shares of Broadridge Financial Solutions by 11.3% in the 2nd quarter. Van ECK Associates Corp now owns 1,875,684 shares of the business services provider's stock valued at $256,875,000 after purchasing an additional 190,301 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of Broadridge Financial Solutions during the 2nd quarter worth $197,921,000. Finally, Amundi grew its holdings in shares of Broadridge Financial Solutions by 67.5% during the 1st quarter. Amundi now owns 1,059,021 shares of the business services provider's stock worth $172,070,000 after purchasing an additional 426,587 shares during the period. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Broadridge Financial Solutions

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

• Positive Sentiment: Broadridge reported quarterly adjusted earnings of $1.56 per share, above the $1.37 consensus, while revenue of $1.67 billion also topped expectations and grew 5% year over year. The company reaffirmed its fiscal 2027 adjusted EPS growth outlook of 8%–12%, supporting confidence in continued growth. How Investors May Respond To Broadridge Financial Solutions (BR) Earnings Beat Broadridge reaffirms fiscal 2027 growth outlook
• Positive Sentiment: Broadridge will provide proxy voting for eligible holders of Dinari’s tokenized U.S. equities, extending its governance services into digital-asset markets. The partnership could create new business opportunities, though its near-term financial contribution was not specified. Broadridge Brings Proxy Voting to Dinari’s dShares Tokenized U.S. Equities
• Neutral Sentiment: JPMorgan raised its price target to $201 from $191 and kept a neutral rating. Morgan Stanley also raised its target, to $181 from $176, but maintained an equal-weight rating; that target is below the share price cited in the reports. The revisions offer mixed signals about near-term valuation. JPMorgan price target Morgan Stanley price target

Broadridge Financial Solutions Trading Up 2.9%

Shares of NYSE BR opened at $194.69 on Friday. Broadridge Financial Solutions, Inc. has a twelve month low of $133.83 and a twelve month high of $233.10. 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 fifty day simple moving average of $171.99 and a 200-day simple moving average of $165.94. The stock has a market capitalization of $22.02 billion, a PE ratio of 21.51 and a beta of 0.90.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last posted its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned $1.51 EPS. The company's quarterly revenue 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 earnings per share for the current year.

Insiders Place Their Bets

In other Broadridge Financial Solutions news, VP Thomas Carey sold 2,501 shares of Broadridge Financial Solutions stock in a transaction dated 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 transaction, the vice president directly owned 8,800 shares of the company's stock, valued at $1,405,888. The trade was a 22.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on BR. Royal Bank Of Canada raised their price objective on Broadridge Financial Solutions from $225.00 to $226.00 and gave the stock an "outperform" rating in a research report on Monday, August 31st. Morgan Stanley upped their target price on shares of Broadridge Financial Solutions from $176.00 to $181.00 and gave the company an "equal weight" rating in a research report on Wednesday. Weiss Ratings raised shares of Broadridge Financial Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Broadridge Financial Solutions from $191.00 to $201.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, DA Davidson reiterated a "buy" rating and set a $214.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, October 27th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Broadridge Financial Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $212.71.

Broadridge Financial Solutions Profile

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.

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