Wealthfront Advisers LLC Acquires 9,031 Shares of Broadridge Financial Solutions, Inc. $BR

Wealthfront Advisers LLC lifted its holdings in shares of Broadridge Financial Solutions, Inc. (NYSE:BR) by 85.9% during the third quarter, Holdings Channel.com reports. The firm owned 19,544 shares of the business services provider’s stock after acquiring an additional 9,031 shares during the quarter. Wealthfront Advisers LLC’s holdings in Broadridge Financial Solutions were worth $4,655,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank acquired a new position in Broadridge Financial Solutions during the 2nd quarter worth about $123,812,000. Vanguard Group Inc. increased its position in Broadridge Financial Solutions by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 15,031,420 shares of the business services provider’s stock valued at $3,653,086,000 after purchasing an additional 298,273 shares during the period. Rakuten Investment Management Inc. bought a new position in Broadridge Financial Solutions during the 3rd quarter worth approximately $41,635,000. Bank of America Corp DE lifted its position in shares of Broadridge Financial Solutions by 24.2% in the 2nd quarter. Bank of America Corp DE now owns 850,904 shares of the business services provider’s stock worth $206,795,000 after purchasing an additional 165,965 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Broadridge Financial Solutions by 4.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,292,241 shares of the business services provider’s stock valued at $797,031,000 after purchasing an additional 136,386 shares during the last quarter. 90.03% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, President Christopher John Perry sold 3,984 shares of the company’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $226.00, for a total value of $900,384.00. Following the completion of the sale, the president owned 44,829 shares in the company, valued at $10,131,354. This represents a 8.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert N. Duelks sold 253 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $192.60, for a total transaction of $48,727.80. Following the completion of the sale, the director owned 20,815 shares of the company’s stock, valued at approximately $4,008,969. This represents a 1.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,451 shares of company stock valued at $3,290,773 in the last three months. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BR has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Broadridge Financial Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 6th. DA Davidson reiterated a “buy” rating and issued a $228.00 target price on shares of Broadridge Financial Solutions in a report on Tuesday. Wall Street Zen downgraded shares of Broadridge Financial Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Raymond James Financial reissued an “outperform” rating and set a $257.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, February 3rd. Finally, Morgan Stanley decreased their price target on shares of Broadridge Financial Solutions from $261.00 to $256.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 5th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $247.71.

Broadridge Financial Solutions Stock Performance

Shares of BR stock opened at $170.51 on Friday. 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, Inc. has a 12 month low of $163.71 and a 12 month high of $271.91. The firm has a market capitalization of $19.91 billion, a PE ratio of 18.88 and a beta of 0.97. The firm has a fifty day simple moving average of $213.79 and a two-hundred day simple moving average of $231.09.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings results on Tuesday, February 3rd. The business services provider reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.25. Broadridge Financial Solutions had a return on equity of 40.70% and a net margin of 14.86%.The business had revenue of $1.71 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the business earned $1.56 EPS. The company’s quarterly revenue was up 7.9% on a year-over-year basis. Broadridge Financial Solutions has set its FY 2026 guidance at 9.320-9.580 EPS. Analysts forecast that Broadridge Financial Solutions, Inc. will post 8.53 EPS for the current fiscal year.

Broadridge Financial Solutions 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.