Broadridge Financial Solutions, Inc. $BR Shares Purchased by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC boosted its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 26.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 87,207 shares of the business services provider’s stock after buying an additional 18,154 shares during the period. Kovitz Investment Group Partners LLC owned approximately 0.07% of Broadridge Financial Solutions worth $20,816,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Advisors Preferred LLC acquired a new stake in shares of Broadridge Financial Solutions in the third quarter worth $233,000. Advyzon Investment Management LLC lifted its holdings in shares of Broadridge Financial Solutions by 10.3% during the 3rd quarter. Advyzon Investment Management LLC now owns 1,026 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 96 shares in the last quarter. Stevens Capital Management LP purchased a new stake in Broadridge Financial Solutions during the 3rd quarter worth $302,000. Raiffeisen Bank International AG raised its position in Broadridge Financial Solutions by 11.6% in the third quarter. Raiffeisen Bank International AG now owns 1,641 shares of the business services provider’s stock valued at $390,000 after purchasing an additional 171 shares during the period. Finally, Woodley Farra Manion Portfolio Management Inc. lifted its stake in shares of Broadridge Financial Solutions by 0.7% during the third quarter. Woodley Farra Manion Portfolio Management Inc. now owns 19,000 shares of the business services provider’s stock worth $4,544,000 after purchasing an additional 130 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BR. Weiss Ratings lowered Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. UBS Group dropped 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 research note on Thursday, November 13th. Raymond James Financial restated an “outperform” rating and issued a $257.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. DA Davidson reaffirmed a “buy” rating and set a $228.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, February 10th. Finally, Morgan Stanley decreased their price objective on shares of 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. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $247.71.

Insider Activity at Broadridge Financial Solutions

In other news, Director Robert N. Duelks sold 253 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.60, for a total value of $48,727.80. Following the completion of the sale, the director directly owned 20,815 shares in the company, valued at approximately $4,008,969. The trade was a 1.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas P. Carey sold 10,214 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $229.26, for a total value of $2,341,661.64. Following the transaction, the vice president 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. 1.10% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Trading Up 0.4%

NYSE BR opened at $176.99 on Monday. The company has a market capitalization of $20.66 billion, a price-to-earnings ratio of 19.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.97 and a quick ratio of 0.97. Broadridge Financial Solutions, Inc. has a 12 month low of $163.71 and a 12 month high of $271.91. The company’s fifty day moving average price is $207.39 and its two-hundred day moving average price is $227.53.

Broadridge Financial Solutions (NYSE:BR) last issued its earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.25. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.61 billion. Broadridge Financial Solutions had a net margin of 14.86% and a return on equity of 40.70%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.56 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. As a group, research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

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.