Optas LLC Decreases Holdings in Broadridge Financial Solutions, Inc. $BR

Optas LLC trimmed its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 2.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,607 shares of the business services provider’s stock after selling 44 shares during the period. Optas LLC’s holdings in Broadridge Financial Solutions were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. D.A. Davidson & CO. purchased a new stake in shares of Broadridge Financial Solutions in the 1st quarter valued at about $217,000. CWA Asset Management Group LLC increased its position in Broadridge Financial Solutions by 6.8% during the 1st quarter. CWA Asset Management Group LLC now owns 1,370 shares of the business services provider’s stock worth $332,000 after purchasing an additional 87 shares during the period. Golden State Wealth Management LLC acquired a new position in Broadridge Financial Solutions during the 1st quarter worth approximately $29,000. Sequoia Financial Advisors LLC increased its position in Broadridge Financial Solutions by 9.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 1,153 shares of the business services provider’s stock worth $279,000 after purchasing an additional 101 shares during the period. Finally, Triangle Securities Wealth Management acquired a new stake in shares of Broadridge Financial Solutions in the 2nd quarter worth approximately $784,000. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Price Performance

BR stock opened at $233.96 on Friday. Broadridge Financial Solutions, Inc. has a 52-week low of $208.20 and a 52-week high of $271.91. The stock’s fifty day simple moving average is $250.29 and its 200-day simple moving average is $242.56. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $27.31 billion, a price-to-earnings ratio of 33.00 and a beta of 0.95.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Tuesday, August 5th. The business services provider reported $3.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.51 by $0.04. Broadridge Financial Solutions had a return on equity of 42.72% and a net margin of 12.19%.The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the firm earned $3.50 earnings per share. The business’s revenue was up 6.2% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Equities research analysts expect that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current year.

Broadridge Financial Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, September 11th were issued a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a dividend yield of 1.7%. This is a positive change from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. The ex-dividend date was Thursday, September 11th. Broadridge Financial Solutions’s payout ratio is 55.01%.

Analysts Set New Price Targets

A number of research firms recently weighed in on BR. Wall Street Zen upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Morgan Stanley increased their target price on Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a report on Wednesday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Wednesday. Needham & Company LLC increased their target price on Broadridge Financial Solutions from $300.00 to $305.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, UBS Group increased their target price on Broadridge Financial Solutions from $250.00 to $280.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Broadridge Financial Solutions has an average rating of “Hold” and a consensus target price of $261.50.

Insider Buying and Selling at Broadridge Financial Solutions

In related news, President Christopher John Perry sold 7,036 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $262.72, for a total value of $1,848,497.92. Following the transaction, the president directly owned 48,813 shares of the company’s stock, valued at approximately $12,824,151.36. This trade represents a 12.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Timothy C. Gokey sold 84,571 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $259.53, for a total value of $21,948,711.63. Following the completion of the transaction, the chief executive officer directly owned 165,634 shares in the company, valued at $42,986,992.02. This trade represents a 33.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 147,532 shares of company stock worth $38,417,208 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and distributes regulatory reports, class action, and corporate action/reorganization event information, as well as tax reporting solutions.