Pittenger & Anderson Inc. Lowers Stake in Broadridge Financial Solutions, Inc. $BR

Key Points

• Pittenger & Anderson Inc. cut its stake in Broadridge by 85.3% in Q4, selling 12,145 shares and leaving it with 2,100 shares valued at about $469,000.
• Broadridge beat Q3 estimates—$2.72 EPS vs. $2.63 and $1.95B revenue vs. $1.90B—management raised FY‑26 targets and the company completed the acquisition of CQG to expand its trading services.
• Analyst sentiment is mixed: the consensus is a "Moderate Buy" with a $235.71 average price target after several firms cut targets, while the stock trades near $155 and yields about 2.5% annually ($0.975 quarterly).

Pittenger & Anderson Inc. lowered its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR - Free Report) by 85.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,100 shares of the business services provider's stock after selling 12,145 shares during the period. Pittenger & Anderson Inc.'s holdings in Broadridge Financial Solutions were worth $469,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. CX Institutional lifted its holdings in Broadridge Financial Solutions by 2.8% during the third quarter. CX Institutional now owns 1,633 shares of the business services provider's stock worth $389,000 after buying an additional 44 shares during the period. Signaturefd LLC lifted its holdings in Broadridge Financial Solutions by 2.2% during the third quarter. Signaturefd LLC now owns 2,090 shares of the business services provider's stock worth $498,000 after buying an additional 45 shares during the period. Strategic Blueprint LLC lifted its holdings in Broadridge Financial Solutions by 5.6% during the third quarter. Strategic Blueprint LLC now owns 880 shares of the business services provider's stock worth $210,000 after buying an additional 47 shares during the period. Patton Fund Management Inc. lifted its holdings in Broadridge Financial Solutions by 5.3% during the fourth quarter. Patton Fund Management Inc. now owns 974 shares of the business services provider's stock worth $217,000 after buying an additional 49 shares during the period. Finally, Great Valley Advisor Group Inc. lifted its holdings in Broadridge Financial Solutions by 5.3% during the second quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider's stock worth $242,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 90.03% of the company's stock.

Wall Street Analyst Weigh In

BR has been the subject of a number of analyst reports. Raymond James Financial restated an "outperform" rating and set a $257.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday, February 3rd. Royal Bank Of Canada lowered their target price on Broadridge Financial Solutions from $245.00 to $200.00 and set an "outperform" rating for the company in a report on Friday. JPMorgan Chase & Co. lowered their target price on Broadridge Financial Solutions from $273.00 to $229.00 and set a "neutral" rating for the company in a report on Wednesday, February 4th. Wall Street Zen lowered Broadridge Financial Solutions from a "buy" rating to a "hold" rating in a report on Saturday, February 7th. Finally, Weiss Ratings lowered Broadridge Financial Solutions from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, February 6th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $235.71.

Broadridge Financial Solutions Stock Performance

Shares of BR opened at $155.22 on Monday. Broadridge Financial Solutions, Inc. has a 12 month low of $149.05 and a 12 month high of $271.91. The stock has a fifty day moving average price of $169.22 and a 200-day moving average price of $200.03. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. The firm has a market cap of $18.12 billion, a PE ratio of 16.62 and a beta of 0.89.

Broadridge Financial Solutions (NYSE:BR - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 EPS 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 firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter in the prior year, the business posted $2.44 EPS. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Equities research analysts predict that Broadridge Financial Solutions, Inc. will post 9.52 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Monday, March 16th were issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, March 16th. Broadridge Financial Solutions's dividend payout ratio is currently 43.19%.

Broadridge Financial Solutions News Summary

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

• Positive Sentiment: Q3 results beat Street estimates and management raised FY‑26 targets — Broadridge reported $2.72 adjusted EPS vs. $2.63 consensus and $1.95B revenue vs. $1.90B est; recurring revenue grew ~7% and management raised guidance for recurring revenue and adjusted EPS growth (targets now call for ~10–12% adjusted EPS growth). This print supports the stock’s move higher. Broadridge Reports Third Quarter Fiscal 2026 Results
• Positive Sentiment: Strategic acquisition completed — Broadridge closed its acquisition of CQG, adding futures & options execution management, algo trading and analytics to its connectivity and order management stack. The deal expands addressable market in trading services and can boost cross‑sell and fee‑based revenue. Broadridge Completes Acquisition of CQG
• Neutral Sentiment: Needham lowers price target (still a Buy) — Needham cut its PT from $255 to $230 but maintained a Buy rating, implying substantial upside from current levels; the change signals tempered near‑term upside expectations while keeping a constructive view. Needham Price Target Cut
• Neutral Sentiment: RBC trims target but keeps Outperform — Royal Bank of Canada lowered its PT to $200 from $245 while retaining an Outperform rating, showing analysts still favor the business despite lower target levels. RBC Price Target Change
• Negative Sentiment: Sales cadence and margin dynamics show friction — management disclosed closed sales decline ( ~$58M vs. $71M prior, down ~19%) and slight operating margin pressure vs. the prior year, which could limit upside if the weaker sales trend persists. This is a cautionary data point beneath the positive headline numbers. Q3 Results — Detail

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey acquired 5,300 shares of the firm's stock in a transaction dated Friday, March 6th. The stock was purchased at an average price of $194.49 per share, for a total transaction of $1,030,797.00. Following the acquisition, the chief executive officer owned 142,876 shares in the company, valued at approximately $27,787,953.24. This trade represents a 3.85% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert N. Duelks sold 253 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $192.60, for a total value of $48,727.80. Following the sale, the director owned 20,815 shares of the company's stock, valued at approximately $4,008,969. This represents a 1.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.10% of the company's stock.

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.

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