Broadridge Financial Solutions, Inc. $BR Shares Sold by Prudential PLC

Prudential PLC cut its stake in Broadridge Financial Solutions, Inc. (NYSE:BR) by 15.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,311 shares of the business services provider’s stock after selling 3,622 shares during the period. Prudential PLC’s holdings in Broadridge Financial Solutions were worth $4,533,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. WPG Advisers LLC boosted 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. Lodestone Wealth Management LLC acquired a new stake in Broadridge Financial Solutions in the 4th quarter worth approximately $39,000. Fulcrum Asset Management LLP acquired a new stake in Broadridge Financial Solutions in the 3rd quarter worth approximately $47,000. Osterweis Capital Management Inc. acquired a new stake in Broadridge Financial Solutions in the 2nd quarter worth approximately $48,000. Finally, Intact Investment Management Inc. acquired a new stake in Broadridge Financial Solutions in the 4th quarter worth approximately $67,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Performance

Shares of NYSE BR opened at $151.49 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.97. Broadridge Financial Solutions, Inc. has a 12 month low of $139.79 and a 12 month high of $271.91. The company has a 50 day simple moving average of $154.98 and a two-hundred day simple moving average of $187.56. The stock has a market cap of $17.52 billion, a price-to-earnings ratio of 16.22 and a beta of 0.88.

Broadridge Financial Solutions (NYSE:BR) last announced its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the business 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. As a group, analysts predict that Broadridge Financial Solutions, Inc. will post 9.55 earnings per share for the current year.

Broadridge Financial Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be paid a dividend of $0.975 per share. This represents a $3.90 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, June 12th. Broadridge Financial Solutions’s payout ratio is presently 41.76%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BR shares. DA Davidson lowered their target price on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Needham & Company LLC lowered their target price on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Royal Bank Of Canada lowered their target price on shares of Broadridge Financial Solutions from $245.00 to $200.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Wall Street Zen cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, UBS Group lowered their target price on shares of Broadridge Financial Solutions from $250.00 to $165.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Broadridge Financial Solutions currently has an average rating of “Moderate Buy” and an average price target of $221.57.

Insider Buying and Selling

In other Broadridge Financial Solutions news, insider Hope M. Jarkowski sold 1,966 shares of Broadridge Financial Solutions stock in a transaction that occurred on 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 approximately $155. The trade was a 99.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

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.