Zurcher Kantonalbank Zurich Cantonalbank Sells 3,909 Shares of Broadridge Financial Solutions, Inc. $BR

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 9.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 37,625 shares of the business services provider’s stock after selling 3,909 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Broadridge Financial Solutions were worth $8,397,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First Horizon Corp acquired a new position in shares of Broadridge Financial Solutions in the 3rd quarter valued at approximately $25,000. Guerra Advisors Inc acquired a new position in shares of Broadridge Financial Solutions in the 3rd quarter valued at approximately $29,000. Lodestone Wealth Management LLC acquired a new position in shares of Broadridge Financial Solutions in the 4th quarter valued at approximately $39,000. ORG Partners LLC grew its position 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 purchasing an additional 66 shares during the period. Finally, Bank of Jackson Hole Trust lifted its position in Broadridge Financial Solutions by 50.0% in the 3rd quarter. Bank of Jackson Hole Trust now owns 183 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 61 shares in the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related 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 transaction, the director directly owned 20,815 shares of the company’s stock, valued at approximately $4,008,969. This represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Timothy C. Gokey purchased 5,300 shares of Broadridge Financial Solutions stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average cost of $194.49 per share, with a total value of $1,030,797.00. Following the completion of the transaction, the chief executive officer directly owned 142,876 shares of the company’s stock, 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 currently owned by company insiders.

Broadridge Financial Solutions Stock Down 2.9%

Broadridge Financial Solutions stock opened at $155.93 on Friday. The company has a market cap of $18.21 billion, a P/E ratio of 17.27 and a beta of 1.01. Broadridge Financial Solutions, Inc. has a 1-year low of $150.10 and a 1-year high of $271.91. The company has a fifty day simple moving average of $171.02 and a 200 day simple moving average of $203.21. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.93.

Broadridge Financial Solutions (NYSE:BR) last released its earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.25. The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.61 billion. Broadridge Financial Solutions had a net margin of 14.86% and a return on equity of 40.70%. The firm’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.56 earnings per share. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. Research analysts anticipate that Broadridge Financial Solutions, Inc. will post 9.46 earnings per share for the current fiscal year.

Broadridge Financial Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Monday, March 16th were given a $0.975 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $3.90 dividend on an annualized basis and a yield of 2.5%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is 43.19%.

Analysts Set New Price Targets

BR has been the topic of several research reports. Wall Street Zen cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Weiss Ratings cut shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 6th. DA Davidson reaffirmed a “buy” rating and issued a $228.00 price objective on shares of Broadridge Financial Solutions in a research report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $255.00 price objective on shares of Broadridge Financial Solutions in a research report on Monday, April 6th. Finally, JPMorgan Chase & Co. dropped their target price on Broadridge Financial Solutions from $273.00 to $229.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $247.71.

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.