Numerai GP LLC Sells 7,556 Shares of Broadridge Financial Solutions, Inc. $BR

Numerai GP LLC decreased its position in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 25.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 22,264 shares of the business services provider’s stock after selling 7,556 shares during the period. Broadridge Financial Solutions makes up about 0.7% of Numerai GP LLC’s holdings, making the stock its 24th biggest holding. Numerai GP LLC’s holdings in Broadridge Financial Solutions were worth $5,303,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Barclays PLC lifted its stake in shares of Broadridge Financial Solutions by 0.7% in the third quarter. Barclays PLC now owns 1,972,799 shares of the business services provider’s stock valued at $469,862,000 after buying an additional 14,631 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of Broadridge Financial Solutions by 14.6% during the third quarter. New York State Common Retirement Fund now owns 94,567 shares of the business services provider’s stock worth $22,523,000 after acquiring an additional 12,024 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Broadridge Financial Solutions by 46.8% during the third quarter. JPMorgan Chase & Co. now owns 918,700 shares of the business services provider’s stock worth $218,807,000 after acquiring an additional 292,801 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Broadridge Financial Solutions by 37.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 19,769 shares of the business services provider’s stock worth $4,708,000 after acquiring an additional 5,346 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its position in Broadridge Financial Solutions by 637.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 50,317 shares of the business services provider’s stock valued at $11,984,000 after acquiring an additional 43,494 shares in the last quarter. 90.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BR. Needham & Company LLC cut their price target on Broadridge Financial Solutions from $305.00 to $255.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Weiss Ratings lowered Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. DA Davidson reaffirmed a “buy” rating and set a $228.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, February 10th. Wall Street Zen downgraded Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Finally, JPMorgan Chase & Co. lowered their price target on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $247.71.

Broadridge Financial Solutions Trading Down 0.0%

Shares of BR stock opened at $178.25 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $20.81 billion, a price-to-earnings ratio of 19.74 and a beta of 0.98. Broadridge Financial Solutions, Inc. has a 52-week low of $163.71 and a 52-week high of $271.91. The company has a 50-day simple moving average of $193.87 and a two-hundred day simple moving average of $218.86.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, February 3rd. The business services provider reported $1.59 EPS for the quarter, topping the consensus estimate of $1.34 by $0.25. Broadridge Financial Solutions had a net margin of 14.86% and a return on equity of 40.70%. The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the firm earned $1.56 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. Research analysts anticipate that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Monday, March 16th will be issued a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, March 16th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 43.19%.

Insiders Place Their Bets

In other news, Director Robert N. Duelks sold 253 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $192.60, for a total transaction of $48,727.80. Following the completion of the sale, the director directly owned 20,815 shares of the company’s stock, valued at $4,008,969. This trade represents a 1.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Timothy C. Gokey purchased 5,300 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average cost of $194.49 per share, for a total transaction of $1,030,797.00. Following the completion of the acquisition, the chief executive officer directly owned 142,876 shares in the company, valued at $27,787,953.24. The trade was a 3.85% increase in their position. The disclosure for this purchase is available in the SEC filing. 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.