Public Sector Pension Investment Board Increases Stock Holdings in Broadridge Financial Solutions, Inc. $BR

Public Sector Pension Investment Board raised its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 9.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,972 shares of the business services provider's stock after buying an additional 1,366 shares during the quarter. Public Sector Pension Investment Board's holdings in Broadridge Financial Solutions were worth $3,873,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in BR. Brighton Jones LLC purchased a new position in Broadridge Financial Solutions during the 4th quarter valued at approximately $580,000. Mariner LLC grew its holdings in Broadridge Financial Solutions by 16.9% during the 4th quarter. Mariner LLC now owns 29,271 shares of the business services provider's stock valued at $6,618,000 after buying an additional 4,238 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in Broadridge Financial Solutions by 26.5% during the 4th quarter. CreativeOne Wealth LLC now owns 1,958 shares of the business services provider's stock valued at $443,000 after buying an additional 410 shares in the last quarter. Guggenheim Capital LLC grew its holdings in Broadridge Financial Solutions by 16.6% during the 4th quarter. Guggenheim Capital LLC now owns 1,895 shares of the business services provider's stock valued at $428,000 after buying an additional 270 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Broadridge Financial Solutions by 5.3% during the 4th quarter. NewEdge Advisors LLC now owns 18,899 shares of the business services provider's stock valued at $4,273,000 after buying an additional 956 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company's stock.

Insider Buying and Selling

In other news, Director Maura A. Markus sold 3,556 shares of Broadridge Financial Solutions stock in a transaction on Wednesday, June 4th. The stock was sold at an average price of $243.08, for a total value of $864,392.48. Following the transaction, the director directly owned 30,892 shares in the company, valued at approximately $7,509,227.36. This trade represents a 10.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Timothy C. Gokey sold 84,571 shares of the business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $259.53, for a total value of $21,948,711.63. Following the transaction, the chief executive officer owned 165,634 shares in the company, valued at approximately $42,986,992.02. This trade represents a 33.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 150,470 shares of company stock valued at $39,026,774. 1.30% of the stock is owned by insiders.

Broadridge Financial Solutions Stock Down 0.6%

Shares of NYSE:BR traded down $1.59 on Thursday, reaching $260.27. The company had a trading volume of 338,079 shares, compared to its average volume of 589,027. Broadridge Financial Solutions, Inc. has a 52-week low of $206.95 and a 52-week high of $271.91. The firm's 50 day simple moving average is $246.55 and its 200-day simple moving average is $240.27. The firm has a market capitalization of $30.49 billion, a PE ratio of 36.73 and a beta of 0.94. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.51 by $0.04. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The business had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the business posted $3.50 EPS. The business's revenue was up 6.2% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. As a group, analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th will be issued a $0.975 dividend. The ex-dividend date is Thursday, September 11th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Broadridge Financial Solutions's previous quarterly dividend of $0.88. Broadridge Financial Solutions's dividend payout ratio (DPR) is 49.65%.

Analysts Set New Price Targets

BR has been the subject of several analyst reports. Needham & Company LLC raised their price objective on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $259.00 price objective on shares of Broadridge Financial Solutions in a research note on Monday, May 19th. Wall Street Zen raised Broadridge Financial Solutions from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. UBS Group raised their price objective on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a "neutral" rating in a research note on Friday, August 8th. Finally, Morgan Stanley raised their price target on Broadridge Financial Solutions from $222.00 to $261.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 6th. Two research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of "Hold" and an average target price of $261.50.

Broadridge Financial Solutions Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.