Broadridge Financial Solutions, Inc. $BR Shares Sold by Palmer Knight Co

Palmer Knight Co decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 16.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,569 shares of the business services provider’s stock after selling 4,923 shares during the period. Broadridge Financial Solutions comprises 2.9% of Palmer Knight Co’s portfolio, making the stock its 25th largest holding. Palmer Knight Co’s holdings in Broadridge Financial Solutions were worth $5,483,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BR. Alliancebernstein L.P. lifted its position in Broadridge Financial Solutions by 692.3% in the third quarter. Alliancebernstein L.P. now owns 3,690,705 shares of the business services provider’s stock valued at $879,015,000 after purchasing an additional 3,224,891 shares during the period. Van ECK Associates Corp increased its position in Broadridge Financial Solutions by 3,228.4% during the 3rd quarter. Van ECK Associates Corp now owns 700,536 shares of the business services provider’s stock worth $166,846,000 after purchasing an additional 679,489 shares during the period. JPMorgan Chase & Co. increased its position in Broadridge Financial Solutions by 46.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 918,700 shares of the business services provider’s stock worth $218,807,000 after purchasing an additional 292,801 shares during the period. Junto Capital Management LP purchased a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth approximately $64,752,000. Finally, Vanguard Group Inc. raised its stake in shares of Broadridge Financial Solutions by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 15,296,040 shares of the business services provider’s stock worth $3,643,058,000 after buying an additional 264,620 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BR has been the topic of a number of recent analyst reports. UBS Group lowered their price target on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a research note on Monday. Weiss Ratings cut shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. Royal Bank Of Canada decreased their price objective on shares of Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Raymond James Financial restated an “outperform” rating and set a $257.00 target price on shares of Broadridge Financial Solutions in a research report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a report on Wednesday, February 4th. Four 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 presently has an average rating of “Moderate Buy” and an average target price of $221.57.

Insider Transactions at Broadridge Financial Solutions

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 value of $48,727.80. Following the completion of the sale, the director owned 20,815 shares in the company, valued at $4,008,969. The trade was a 1.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were bought at an average cost of $194.49 per share, with a total value of $1,030,797.00. Following the purchase, the chief executive officer owned 142,876 shares in the company, valued at approximately $27,787,953.24. The trade was a 3.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.10% of the stock is currently owned by company insiders.

Broadridge Financial Solutions Trading Down 1.1%

Shares of BR opened at $152.14 on Wednesday. The stock has a fifty day moving average of $168.72 and a two-hundred day moving average of $199.47. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $17.60 billion, a PE ratio of 16.29 and a beta of 0.89. Broadridge Financial Solutions, Inc. has a fifty-two week low of $149.05 and a fifty-two week high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.72 earnings per share for the quarter, topping analysts’ consensus estimates of $2.63 by $0.09. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.90 billion. Broadridge Financial Solutions had a return on equity of 40.14% and a net margin of 15.03%.The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.44 EPS. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. As a group, analysts forecast that Broadridge Financial Solutions, Inc. will post 9.51 EPS for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Monday, March 16th were paid a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Monday, March 16th. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 41.76%.

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.