Intech Investment Management LLC Lowers Stock Position in Broadridge Financial Solutions, Inc. $BR

Intech Investment Management LLC decreased its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 49.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,343 shares of the business services provider’s stock after selling 5,228 shares during the period. Intech Investment Management LLC’s holdings in Broadridge Financial Solutions were worth $1,192,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BR. Alliancebernstein L.P. increased its holdings 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 buying an additional 3,224,891 shares in the last quarter. Van ECK Associates Corp increased its holdings in Broadridge Financial Solutions by 3,228.4% in the third quarter. Van ECK Associates Corp now owns 700,536 shares of the business services provider’s stock valued at $166,846,000 after buying an additional 679,489 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Broadridge Financial Solutions by 46.8% in the third quarter. JPMorgan Chase & Co. now owns 918,700 shares of the business services provider’s stock valued at $218,807,000 after buying an additional 292,801 shares in the last quarter. Junto Capital Management LP purchased a new position in Broadridge Financial Solutions in the third quarter valued at $64,752,000. Finally, Vanguard Group Inc. increased its holdings in Broadridge Financial Solutions by 1.8% in the third quarter. Vanguard Group Inc. now owns 15,296,040 shares of the business services provider’s stock valued at $3,643,058,000 after buying an additional 264,620 shares in the last quarter. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Insider Buying and Selling at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $155.00, for a total transaction of $304,730.00. Following the completion of the sale, the insider directly owned 1 shares in the company, valued at $155. This trade represents a 99.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on BR shares. Wall Street Zen cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Needham & Company LLC cut their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 1st. Weiss Ratings lowered shares of Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. UBS Group dropped 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 research report on Monday, May 4th. Finally, Royal Bank Of Canada dropped their target price 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. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $221.57.

Broadridge Financial Solutions Stock Down 1.7%

Shares of NYSE BR opened at $151.49 on Friday. The company’s 50-day simple moving average is $154.98 and its 200-day simple moving average is $187.56. Broadridge Financial Solutions, Inc. has a 52-week low of $139.79 and a 52-week high of $271.91. The firm has a market cap of $17.52 billion, a price-to-earnings ratio of 16.22 and a beta of 0.88. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.97.

Broadridge Financial Solutions (NYSE:BR) last released 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 business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the company posted $2.44 EPS. The business’s revenue 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. Equities analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a dividend of $0.975 per share. The ex-dividend date is Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 2.6%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 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.