Broadridge Financial Solutions, Inc. $BR Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC reduced its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,373 shares of the business services provider’s stock after selling 12,425 shares during the period. Parnassus Investments LLC owned approximately 0.33% of Broadridge Financial Solutions worth $90,593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC purchased a new stake in Broadridge Financial Solutions during the 4th quarter worth approximately $580,000. Ascent Group LLC acquired a new position in shares of Broadridge Financial Solutions in the first quarter worth $299,000. Empowered Funds LLC boosted its holdings in Broadridge Financial Solutions by 41.5% in the first quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock valued at $959,000 after purchasing an additional 1,160 shares during the period. Woodline Partners LP grew its stake in Broadridge Financial Solutions by 6.9% during the 1st quarter. Woodline Partners LP now owns 9,886 shares of the business services provider’s stock worth $2,397,000 after purchasing an additional 635 shares in the last quarter. Finally, Advisory Alpha LLC acquired a new stake in Broadridge Financial Solutions in the 1st quarter valued at about $214,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Up 0.1%

BR opened at $223.21 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.93 and a quick ratio of 0.93. The business has a 50-day moving average of $225.76 and a 200-day moving average of $237.81. Broadridge Financial Solutions, Inc. has a fifty-two week low of $212.33 and a fifty-two week high of $271.91. The company has a market capitalization of $26.05 billion, a PE ratio of 28.58 and a beta of 0.99.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Thursday, March 3rd. The business services provider reported $0.73 earnings per share for the quarter. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%.The firm had revenue of $1.05 billion for the quarter. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities research analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 12th were given a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, December 12th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 49.94%.

Analyst Ratings Changes

A number of brokerages recently issued reports on BR. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a research note on Monday, December 29th. Morgan Stanley dropped their price target on Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 5th. Wall Street Zen raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. UBS Group cut their price objective on shares of Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating on the stock in a report on Thursday, November 13th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $240.00 price target on shares of Broadridge Financial Solutions in a research report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Broadridge Financial Solutions has an average rating of “Hold” and an average target price of $259.83.

Insider Activity at Broadridge Financial Solutions

In other news, President Christopher John Perry sold 3,984 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $226.00, for a total value of $900,384.00. Following the completion of the sale, the president directly owned 44,829 shares in the company, valued at approximately $10,131,354. The trade was a 8.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Thomas P. Carey sold 10,214 shares of Broadridge Financial Solutions 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 trade represents a 62.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.10% of the company’s stock.

About Broadridge Financial Solutions

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.