Walleye Capital LLC Takes Position in Broadridge Financial Solutions, Inc. $BR

Walleye Capital LLC acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) in the first quarter, Holdings Channel reports. The firm acquired 27,164 shares of the business services provider’s stock, valued at approximately $4,414,000.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in shares of Broadridge Financial Solutions during the fourth quarter worth $580,000. Empowered Funds LLC grew its stake in Broadridge Financial Solutions by 41.5% during the 1st quarter. Empowered Funds LLC now owns 3,957 shares of the business services provider’s stock worth $959,000 after purchasing an additional 1,160 shares in the last quarter. 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. Acadian Asset Management LLC increased its holdings in Broadridge Financial Solutions by 480.8% during the 1st quarter. Acadian Asset Management LLC now owns 2,544 shares of the business services provider’s stock worth $616,000 after purchasing an additional 2,106 shares during the period. Finally, Cerity Partners LLC increased its holdings in Broadridge Financial Solutions by 8.5% during the 2nd quarter. Cerity Partners LLC now owns 25,523 shares of the business services provider’s stock worth $6,203,000 after purchasing an additional 2,004 shares during the period. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Down 0.6%

Shares of NYSE BR opened at $144.10 on Thursday. The company has a market capitalization of $16.67 billion, a price-to-earnings ratio of 15.43 and a beta of 0.89. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50-day moving average of $146.13 and a two-hundred day moving average of $167.84. Broadridge Financial Solutions, Inc. has a 1 year low of $133.83 and a 1 year high of $271.91.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the prior year, the firm posted $2.44 EPS. The business’s quarterly revenue 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. On average, analysts forecast that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a $0.975 dividend. This represents a $3.90 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, June 12th. Broadridge Financial Solutions’s dividend payout ratio is 41.76%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BR. Weiss Ratings lowered Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Needham & Company LLC cut their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. UBS Group reduced their target price on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Broadridge Financial Solutions in a report on Monday, June 22nd. Finally, DA Davidson dropped their price objective on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently 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, insider Hope M. Jarkowski sold 1,966 shares of the stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $155.00, for a total value of $304,730.00. Following the transaction, the insider directly owned 1 shares in the company, valued at $155. This represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

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.