Pacer Advisors Inc. Acquires 5,529 Shares of Broadridge Financial Solutions, Inc. $BR

Pacer Advisors Inc. raised its stake in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 58.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,031 shares of the business services provider’s stock after acquiring an additional 5,529 shares during the period. Pacer Advisors Inc.’s holdings in Broadridge Financial Solutions were worth $3,354,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Nemes Rush Group LLC purchased a new position in Broadridge Financial Solutions during the fourth quarter valued at $27,000. Prosperity Bancshares Inc purchased a new stake in Broadridge Financial Solutions in the 4th quarter worth $28,000. WPG Advisers LLC lifted its stake in Broadridge Financial Solutions by 77.5% in the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock worth $32,000 after purchasing an additional 62 shares in the last quarter. DV Equities LLC bought a new position in shares of Broadridge Financial Solutions during the 4th quarter valued at about $37,000. Finally, Lodestone Wealth Management LLC bought a new position in shares of Broadridge Financial Solutions during the 4th quarter valued at about $39,000. Hedge funds and other institutional investors own 90.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. DA Davidson cut their price objective on Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday, May 5th. UBS Group decreased their target price on 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. Royal Bank Of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Broadridge Financial Solutions in a research note on Monday. Needham & Company LLC cut their price target on Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Weiss Ratings downgraded Broadridge Financial Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Broadridge Financial Solutions presently has an average rating of “Moderate Buy” and an average target price of $221.57.

Insider Buying and Selling at Broadridge Financial Solutions

In other news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction on Thursday, June 4th. The stock was 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 approximately $155. This trade represents a 99.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

Broadridge Financial Solutions Trading Up 0.2%

BR opened at $136.54 on Wednesday. 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 stock’s 50 day moving average price is $150.89 and its 200-day moving average price is $180.11. Broadridge Financial Solutions, Inc. has a one year low of $133.83 and a one year high of $271.91. The stock has a market cap of $15.79 billion, a price-to-earnings ratio of 14.62 and a beta of 0.88.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the company earned $2.44 EPS. Broadridge Financial Solutions’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, equities analysts forecast that Broadridge Financial Solutions, Inc. will post 9.55 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be paid a $0.975 dividend. The ex-dividend date is Friday, June 12th. This represents a $3.90 dividend on an annualized basis and a yield of 2.9%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 41.76%.

Broadridge Financial Solutions Company 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.