Ethic Inc. Sells 4,635 Shares of Broadridge Financial Solutions, Inc. $BR

Ethic Inc. lowered its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 16.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,544 shares of the business services provider’s stock after selling 4,635 shares during the period. Ethic Inc.’s holdings in Broadridge Financial Solutions were worth $5,254,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BR. CX Institutional increased its stake in Broadridge Financial Solutions by 2.8% in the third quarter. CX Institutional now owns 1,633 shares of the business services provider’s stock valued at $389,000 after acquiring an additional 44 shares during the last quarter. Strategic Blueprint LLC lifted its stake in Broadridge Financial Solutions by 5.6% during the third quarter. Strategic Blueprint LLC now owns 880 shares of the business services provider’s stock worth $210,000 after purchasing an additional 47 shares during the last quarter. Patton Fund Management Inc. lifted its stake in Broadridge Financial Solutions by 5.3% during the fourth quarter. Patton Fund Management Inc. now owns 974 shares of the business services provider’s stock worth $217,000 after purchasing an additional 49 shares during the last quarter. Great Valley Advisor Group Inc. boosted its holdings in shares of Broadridge Financial Solutions by 5.3% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 994 shares of the business services provider’s stock worth $242,000 after purchasing an additional 50 shares in the last quarter. Finally, Modern Wealth Management LLC increased its position in shares of Broadridge Financial Solutions by 0.4% during the 3rd quarter. Modern Wealth Management LLC now owns 14,175 shares of the business services provider’s stock valued at $3,376,000 after purchasing an additional 55 shares during the last quarter. 90.03% of the stock is owned by institutional investors.

Insider Transactions at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, CEO Timothy C. Gokey bought 5,300 shares of Broadridge Financial Solutions stock in a transaction dated Friday, March 6th. The shares were purchased at an average cost of $194.49 per share, with a total value of $1,030,797.00. Following the transaction, the chief executive officer directly owned 142,876 shares of the company’s stock, valued at $27,787,953.24. This represents a 3.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

BR has been the topic of a number of research reports. Weiss Ratings cut Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. Royal Bank Of Canada reduced their price target on shares of Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Needham & Company LLC decreased their price target 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. Raymond James Financial restated an “outperform” rating and issued a $257.00 price objective on shares of Broadridge Financial Solutions in a report on Tuesday, February 3rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $221.57.

Broadridge Financial Solutions Price Performance

Shares of Broadridge Financial Solutions stock opened at $149.54 on Monday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.94. Broadridge Financial Solutions, Inc. has a one year low of $148.36 and a one year high of $271.91. The business’s 50 day simple moving average is $167.76 and its two-hundred day simple moving average is $198.42. The stock has a market capitalization of $17.30 billion, a P/E ratio of 16.01 and a beta of 0.89.

Broadridge Financial Solutions (NYSE:BR) last posted its 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. Broadridge Financial Solutions had a net margin of 15.03% and a return on equity of 40.14%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period in the prior year, the business posted $2.44 earnings per share. Broadridge Financial Solutions’s revenue for the quarter was up 7.8% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.410-9.580 EPS. Analysts forecast that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

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

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.