PFA Pension Forsikringsaktieselskab acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 8,016 shares of the business services provider's stock, valued at approximately $1,806,000.
Several other institutional investors have also recently bought and sold shares of the business. Horizon Investments LLC raised its position in shares of Broadridge Financial Solutions by 11.7% during the fourth quarter. Horizon Investments LLC now owns 13,086 shares of the business services provider's stock worth $2,920,000 after acquiring an additional 1,372 shares during the last quarter. Danske Bank A S increased its holdings in Broadridge Financial Solutions by 8.4% in the fourth quarter. Danske Bank A S now owns 67,267 shares of the business services provider's stock valued at $15,012,000 after purchasing an additional 5,200 shares during the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Broadridge Financial Solutions by 2.3% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 12,264 shares of the business services provider's stock valued at $2,737,000 after purchasing an additional 280 shares during the last quarter. Laurel Wealth Advisors LLC acquired a new position in Broadridge Financial Solutions in the fourth quarter valued at about $102,000. Finally, Verity Asset Management Inc. acquired a new position in Broadridge Financial Solutions in the fourth quarter valued at about $330,000. Institutional investors own 90.03% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Royal Bank Of Canada decreased their target price on Broadridge Financial Solutions from $245.00 to $200.00 and set an "outperform" rating for the company in a research note on Friday. Needham & Company LLC reduced their price target on Broadridge Financial Solutions from $255.00 to $230.00 and set a "buy" rating for the company in a research report on Friday. Wall Street Zen lowered Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, February 7th. Raymond James Financial restated an "outperform" rating and issued a $257.00 price objective on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. Finally, DA Davidson reiterated a "buy" rating and set a $228.00 target price on shares of Broadridge Financial Solutions in a research note on Wednesday, April 22nd. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $223.57.
View Our Latest Analysis on BR
Broadridge Financial Solutions Trading Down 0.9%
Shares of BR stock opened at $153.79 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94. Broadridge Financial Solutions, Inc. has a fifty-two week low of $149.05 and a fifty-two week high of $271.91. The company has a market cap of $17.95 billion, a PE ratio of 16.47 and a beta of 0.89. The stock's fifty day moving average price is $169.22 and its two-hundred day moving average price is $200.03.
Broadridge Financial Solutions (NYSE:BR - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.90 billion. During the same quarter last year, the business posted $2.44 EPS. Broadridge Financial Solutions's revenue for the quarter was up 7.8% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 9.52 EPS for the current fiscal year.
Broadridge Financial Solutions Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Monday, March 16th were issued a dividend of $0.975 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.90 annualized dividend and a yield of 2.5%. Broadridge Financial Solutions's payout ratio is presently 43.19%.
Insider Activity
In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 253 shares of Broadridge Financial Solutions stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $192.60, for a total transaction of $48,727.80. Following the transaction, the director directly owned 20,815 shares of the company's stock, valued at approximately $4,008,969. The trade was a 1.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy C. Gokey acquired 5,300 shares of the company's stock in a transaction dated Friday, March 6th. The stock was acquired at an average cost of $194.49 per share, for a total transaction of $1,030,797.00. Following the completion of the purchase, the chief executive officer directly owned 142,876 shares in the company, valued at $27,787,953.24. This trade represents a 3.85% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.10% of the stock is currently owned by insiders.
Broadridge Financial Solutions Company Profile
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Free Report)
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.
Further Reading
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