Ninety One UK Ltd Trims Stock Position in Broadridge Financial Solutions, Inc. $BR

Ninety One UK Ltd trimmed its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 5.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 258,035 shares of the business services provider’s stock after selling 14,902 shares during the period. Ninety One UK Ltd’s holdings in Broadridge Financial Solutions were worth $62,710,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ORG Partners LLC lifted its holdings in shares of Broadridge Financial Solutions by 360.0% in the 2nd quarter. ORG Partners LLC now owns 115 shares of the business services provider’s stock valued at $28,000 after buying an additional 90 shares during the period. Golden State Wealth Management LLC acquired a new stake in Broadridge Financial Solutions during the first quarter worth about $29,000. Whipplewood Advisors LLC raised its position in Broadridge Financial Solutions by 2,620.0% during the first quarter. Whipplewood Advisors LLC now owns 136 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 131 shares in the last quarter. Continuum Advisory LLC lifted its holdings in Broadridge Financial Solutions by 48.4% in the first quarter. Continuum Advisory LLC now owns 141 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 46 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd lifted its holdings in Broadridge Financial Solutions by 450.0% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 143 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 117 shares during the period. 90.03% of the stock is owned by institutional investors and hedge funds.

Broadridge Financial Solutions Stock Performance

NYSE:BR opened at $238.00 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.98 and a current ratio of 0.98. The company has a fifty day moving average of $252.27 and a two-hundred day moving average of $242.54. The stock has a market capitalization of $27.88 billion, a PE ratio of 33.57 and a beta of 0.96. Broadridge Financial Solutions, Inc. has a fifty-two week low of $208.20 and a fifty-two week high of $271.91.

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

Broadridge Financial Solutions Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 2nd. Shareholders of record on Thursday, September 11th will be issued a dividend of $0.975 per share. The ex-dividend date of this dividend is Thursday, September 11th. This is an increase from Broadridge Financial Solutions’s previous quarterly dividend of $0.88. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.6%. Broadridge Financial Solutions’s payout ratio is currently 55.01%.

Analysts Set New Price Targets

A number of brokerages have recently commented on BR. Wall Street Zen cut shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Morgan Stanley raised their price target on shares of Broadridge Financial Solutions from $222.00 to $261.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 6th. Needham & Company LLC upped their price objective on shares of Broadridge Financial Solutions from $300.00 to $305.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Finally, UBS Group increased their target price on shares of Broadridge Financial Solutions from $250.00 to $280.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $261.50.

Insider Activity at Broadridge Financial Solutions

In other Broadridge Financial Solutions news, President Christopher John Perry sold 7,036 shares of the firm’s 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 owned 48,813 shares in the company, valued at approximately $12,824,151.36. This trade represents a 12.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Timothy C. Gokey sold 84,571 shares of Broadridge Financial Solutions stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $259.53, for a total transaction of $21,948,711.63. Following the sale, the chief executive officer directly owned 165,634 shares in the company, valued at approximately $42,986,992.02. This trade represents a 33.80% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 147,532 shares of company stock worth $38,417,208. Company insiders own 1.30% 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.