Broadridge Financial Solutions, Inc. $BR Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its holdings in Broadridge Financial Solutions, Inc. (NYSE:BR) by 23.5% in the third quarter, Holdings Channel.com reports. The firm owned 79,121 shares of the business services provider’s stock after selling 24,269 shares during the period. Teacher Retirement System of Texas’ holdings in Broadridge Financial Solutions were worth $18,844,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Northstar Asset Management Inc. grew its holdings in Broadridge Financial Solutions by 28.4% in the 3rd quarter. Northstar Asset Management Inc. now owns 35,029 shares of the business services provider’s stock valued at $8,343,000 after buying an additional 7,741 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Broadridge Financial Solutions by 28.7% in the third quarter. Parkside Financial Bank & Trust now owns 887 shares of the business services provider’s stock worth $211,000 after acquiring an additional 198 shares during the last quarter. iA Global Asset Management Inc. grew its holdings in Broadridge Financial Solutions by 15.3% in the third quarter. iA Global Asset Management Inc. now owns 5,205 shares of the business services provider’s stock valued at $1,240,000 after purchasing an additional 692 shares during the period. Covestor Ltd increased its position in Broadridge Financial Solutions by 29.3% during the third quarter. Covestor Ltd now owns 516 shares of the business services provider’s stock worth $123,000 after purchasing an additional 117 shares during the last quarter. Finally, Rakuten Investment Management Inc. acquired a new position in Broadridge Financial Solutions during the third quarter worth approximately $41,635,000. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Thomas P. Carey sold 10,214 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $229.26, for a total transaction of $2,341,661.64. Following the transaction, the vice president directly owned 6,026 shares of the company’s stock, valued at approximately $1,381,520.76. The trade was a 62.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Christopher John Perry sold 3,984 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $226.00, for a total transaction of $900,384.00. Following the sale, the president directly owned 44,829 shares of the company’s stock, valued at approximately $10,131,354. The trade was a 8.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Morgan Stanley decreased their price target on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Wall Street Zen upgraded Broadridge Financial Solutions from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. DA Davidson dropped their price target on Broadridge Financial Solutions from $240.00 to $228.00 and set a “neutral” rating for the company in a research note on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Broadridge Financial Solutions in a report on Monday, December 29th. Finally, UBS Group decreased their target price on Broadridge Financial Solutions from $280.00 to $250.00 and set a “neutral” rating for the company in a report on Thursday, November 13th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $257.83.

Broadridge Financial Solutions Trading Down 1.1%

NYSE:BR opened at $207.40 on Friday. The business’s 50-day moving average is $224.42 and its two-hundred day moving average is $236.03. The firm has a market capitalization of $24.21 billion, a PE ratio of 26.56 and a beta of 0.99. Broadridge Financial Solutions, Inc. has a 12 month low of $204.61 and a 12 month high of $271.91. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.93 and a quick ratio of 0.93.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, November 4th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.32. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. Broadridge Financial Solutions had a return on equity of 43.28% and a net margin of 13.11%.Broadridge Financial Solutions has set its FY 2026 guidance at 9.230-9.580 EPS. Research analysts predict that Broadridge Financial Solutions, Inc. will post 8.53 earnings per share for the current fiscal year.

Broadridge Financial Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 5th. Stockholders of record on Friday, December 12th were paid a dividend of $0.975 per share. The ex-dividend date was Friday, December 12th. This represents a $3.90 dividend on an annualized basis and a dividend yield of 1.9%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is currently 49.94%.

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.