Palmer Knight Co Reduces Position in Broadridge Financial Solutions, Inc. $BR

Palmer Knight Co trimmed its position in Broadridge Financial Solutions, Inc. (NYSE:BR) by 16.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,569 shares of the business services provider’s stock after selling 4,923 shares during the quarter. Broadridge Financial Solutions makes up 2.9% of Palmer Knight Co’s investment portfolio, making the stock its 25th largest position. Palmer Knight Co’s holdings in Broadridge Financial Solutions were worth $5,483,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BR. First Horizon Corp acquired a new stake in Broadridge Financial Solutions in the third quarter valued at $25,000. Guerra Advisors Inc acquired a new position in shares of Broadridge Financial Solutions during the 3rd quarter worth about $29,000. WPG Advisers LLC boosted its position in shares of Broadridge Financial Solutions by 77.5% during the 4th quarter. WPG Advisers LLC now owns 142 shares of the business services provider’s stock worth $32,000 after acquiring an additional 62 shares in the last quarter. Lodestone Wealth Management LLC purchased a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at about $39,000. Finally, ORG Partners LLC increased its holdings in shares of Broadridge Financial Solutions by 57.4% in the 3rd quarter. ORG Partners LLC now owns 181 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 66 shares during the last quarter. 90.03% of the stock is owned by hedge funds and other institutional investors.

Broadridge Financial Solutions Stock Down 1.1%

Shares of NYSE:BR opened at $152.14 on Wednesday. Broadridge Financial Solutions, Inc. has a 1-year low of $149.05 and a 1-year high of $271.91. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $17.60 billion, a P/E ratio of 16.29 and a beta of 0.89. The firm has a fifty day moving average price of $168.72 and a 200 day moving average price of $199.47.

Broadridge Financial Solutions (NYSE:BR) last posted its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.72 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the business posted $2.44 earnings per share. Broadridge Financial Solutions’s quarterly 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. Sell-side analysts predict that Broadridge Financial Solutions, Inc. will post 9.51 EPS for the current year.

Broadridge Financial Solutions Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on BR shares. JPMorgan Chase & Co. decreased their target price on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Weiss Ratings lowered shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 6th. Needham & Company LLC cut their price objective on shares of Broadridge Financial Solutions from $255.00 to $230.00 and set a “buy” rating on the stock in a report on Friday, May 1st. DA Davidson reduced their price objective on shares of Broadridge Financial Solutions from $228.00 to $214.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Wall Street Zen cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $221.57.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, Director Robert N. Duelks sold 253 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $192.60, for a total transaction of $48,727.80. Following the completion of the sale, the director directly owned 20,815 shares of the company’s stock, valued at approximately $4,008,969. This trade represents a 1.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Timothy C. Gokey bought 5,300 shares of the stock in a transaction on Friday, March 6th. The stock was bought at an average price of $194.49 per share, for a total transaction of $1,030,797.00. Following the completion of the purchase, the chief executive officer directly owned 142,876 shares in the company, valued at approximately $27,787,953.24. The trade was a 3.85% increase in their position. The SEC filing for this purchase provides additional information. 1.10% of the stock is owned by corporate insiders.

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.